Tobey was late in filing his federal income tax refund claim, but he requested an extension of the statute of limitations, citing the financial-disability exceptions of I. R. C. § 6511(h). Tobey’s mother is chronically ill, and he must make four-day-a-week trips to another city to care for her. Will the IRS grant Tobey’s request?
Answer to relevant QuestionsIn 2011, the IRS finalized regulations requiring that tax return preparers who prepare all, or substantially all, of a federal tax return (for compensation) be subject to new requirements. Discuss these requirements. Why do ...May a tax practitioner who is a CPA form a CPA partnership with an IRS agent who is also a CPA? What limits (if any) would be placed on such a partnership? A CPA must meet certain qualitative standards under Rule 201 (General Standards). Discuss the four general standards of this rule. A member may use estimates in completing a tax return according to SSTS No. 4. When might the use of estimates be considered appropriate? What is an injunction, and when may the IRS seek an injunction?
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