Ataxpayer can automatically escape the penalty for underpayment of taxes bya. having a casualty loss. b. owing less than $1,000 in taxes over and above the taxes withheld from wages. c. owing taxes in the previous year. d. none of the above

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.