Respond to the following client comment: “We have a better than even chance of winning in the Tax Court, according to an article I read. Let’s sue the government!”
Answer to relevant QuestionsIn early 2014, the IRS selected Amber’s 2011 return for audit with respect to Schedule C expenses and employee business expenses claimed on the return. Amber met with an IRS agent, who disallowed many of the expenses and ...Your supervisor says that the U. S. Constitution forces the IRS to reveal the make-up of the DIF formula that it uses to select tax returns for audit. Prepare a file memo assessing the supervisor’s assertion. Relate some of the “audit etiquette” tactics that you have heard taxpayers or tax professionals discuss. Ace filed her 2013 income tax return on January 25, 2014. There was no material understatement of income on her return, and the return was properly signed and filed. The statute of limitations for Ace’s 2014 return expires ...Describe the civil fraud penalties, the definition of fraud, and the all-or-nothing rule for civil fraud. What are the differences in individual and corporate penalties for failure to make adequate estimated payments? What ...
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