Distinguish between the mathematical/clerical error program and the unallowable items program.
Answer to relevant QuestionsWhat techniques other than the random selection of returns for audit does the IRS use in its enforcement function? The client’s return is found by the U. S. Tax Court to have included improper business deductions. The court agreed that the taxpayer’s position had some statutory and judicial merit, but it held for the government ...Carl purposely omitted from his 2014 tax return $ 40,000 of the gross receipts that he collected as the owner of a restaurant. His 2014 return indicated collective gross receipts of $ 25,000. The IRS no longer can pursue ...Compute the undervaluation penalty for each of the following independent cases involving the executor’s reporting of the value of a closely held business in the decedent’s gross estate. In each case, assume a marginal ...The Church of Freedom encourages its members to file “tax protestor” returns with the IRS, objecting to both the government’s failure to use a gold standard in payment of tax liabilities and its sizable expenditures ...
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