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76 Neb. L. Rev. 223 (1997)
Rethinking Imposition of a Legal Duty to Correct Material Tax Return Errors

handle is hein.journals/nebklr76 and id is 233 raw text is: Judson L. Temple* Rethinking Imposition of a Legal Duty to Correct Material Tax Return Errors TABLE OF CONTENTS I. Introduction .......................................... 225 A. Propriety of a Duty to Correct Material Tax Return Errors ............................................ 225 B. Penalty Structure and Statutes of Limitations ..... 226 C. Article Organization ............................... 227 II. Merits of an Amended Return Obligation .............. 228 A. Current Lack of a Duty to Correct Tax Return Errors ............................................ 228 B. Justifications for Requiring Taxpayer Correction of Material Errors ................................... 231 C. Constitutional Barriers to an Amended Return Obligation ......................................... 234 III. Definition of a Proposed Amended Return Obligation .. 235 A. Definition of Error .............................. 236 1. Return Positions Less Likely than Not to Prevail ........................................ 236 2. Retroactive Changes in the Law ............... 238 B. Materiality Defined .............................. 239 1. Basic Definition ............................... 239 2. 'Materiality of Multiple Errors ................ 240 3. Materiality of Errors with No Impact on Tax Liability ....................................... 240 C. Taxpayer's Knowledge of an Error and a Duty to Investigate ........................................ 241 IV. Amended Return Obligation and the Penalty Structure ............................................. 243 A. Current Penalty Structure ......................... 243 © Copyright held by the NEBRASKA LAW REVIEW. * Professor, Oklahoma City University School of Law. The author wishes to thank Professor Eric T. Laity and Shirley A. Cox, a former legal research and writing instructor, for their comments on an earlier draft of this Article.

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