Why must the tax professional be cognizant of how tax law administration works?
Answer to relevant QuestionsDistinguish among the various means by which the IRS selects a tax return for examination. For this purpose, examine the criteria of: a. Scope of review b. Probability of selection c. Preservation of taxpayer ...A revenue agent may do which of the following in an attempt to negotiate a settlement after the completion of an audit? More than one answer may be correct. a. Attempt to settle an unresolved issue based on the hazards of ...Construct a scenario in which the tax adviser should recommend that the client terminate an IRS challenge with the following: a. Lawsuit b. Offer in compromise c. Closing agreement d. Appeals conference e. Office audit ...What techniques other than the random selection of returns for audit does the IRS use in its enforcement function? What is the applicable filing period under the statute of limitations in each of the following independent situations? a. No return was filed by the taxpayer. b. The taxpayer incurred a bad-debt loss that she failed to ...
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