Page 361 - Large Business IRS Training Guides
P. 361
Penalties
The thresholds for determining whether there is
a substantial understatement for the accuracy-
related penalty of section 6662 is reduced for
taxpayers claiming a deduction for QBI
• from: the greater of 10% of the tax required
to be shown on the return or $5,000,
• to: the greater of 5% of the tax required to
be shown on the return or $5,000.
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