The purpose of this assignment is to introduce you to the tax information provided by the Internal Revenue Service on its World Wide Web site (www.irs.gov/). Go to this site and look at the various types of information provided and write a short summary of what the IRS offers at its site. Chapter 1 discusses the audit and appeals process. Locate Publication 17, Tax Information for Individuals, and find the discussion of the examination and appeals process. Print out the text of this discussion.
Answer to relevant QuestionsWhat tax problems does a taxpayer encounter when purchasing more than one asset for a single price? Explain.When is the primary valuation date for valuing inherited property? Does the executor of the estate have to do anything to use the primary valuation date?Many legislative, administrative, and judicial resources are available on the Internet. These can be located using a search engine or a tax directory site on the Internet. This assignment is designed to acquaint you with ...The use of a ''flat tax'' to replace the current income tax system has received a considerable amount of interest in recent years. Various flat-tax proposals have been made, but the gist of a flat tax is the use of a single ...Taxpayers can structure transactions through third parties that qualify as like-kind exchanges if certain time requirements for identifying the properties and closing the transaction are met. This type of exchange is ...
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