Last year, your client, Roberto Dinero, mailed an automatic extension for his tax return on April 15. He enclosed a check for $ 10,000 with the extension request. The IRS cashed the check on April 28. Later, the IRS assessed Roberto late filing penalties of $ 2,900 because they claim he did not mail the extension request on time. On the same date, Roberto mailed an income tax extension request and check to the state of Cali-fornia. The California check was cashed on April 16. You requested that the IRS send you a copy of the extension request envelope showing the postmark; however, the IRS has lost it. The IRS recently attached Roberto’s bank account for the $ 2,900, thereby seizing the funds directly. You have known Roberto for years, and he could be described as a good, law-abiding, taxpaying citizen. He always pays his taxes on time, has never been in trouble with the IRS, and is not a tax protester. Roberto asks you to recommend whether he should engage a tax attorney and sue for a refund, knowing that the legal fees for such an action will probably exceed $ 10,000. After appropriate research, write a letter to Roberto explaining your findings. His address is 432 Lucre Street, Tecate, CA 91980.
Answer to relevant QuestionsYour client, Luther Lifo, is a professor who runs a CPA review course. He comes to you with the following tax questions: Question One. Luther teaches CPA review courses on either a guaranteed or a nonguaranteed basis. Under ...Why should a researcher avoid searching all the Practice Areas of Checkpoint in a single keyword search? Why should a Contents search typically be left to a more experienced researcher? In what way is finding an article on point with a practitioner’s tax issue similar to hiring someone to do the research? Use Checkpoint to answer the following questions regarding the ability to expense advanced mine safety equipment. a. Using “expense mine safety equipment” as keywords (not in quotation marks), search FTC and determine ...
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