We finish up the look at §6662, this time looking at the substantial understatement penalty, as well as the exceptions to this penalty.

The material for this week's podcast can be downloaded from http://www.edzollars.com/2007-07-09_Substantial_Understatements.pdf.

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com.