Olivia is being audited by the IRS. The revenue agent determines that certain expenses that were deducted
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Olivia is being audited by the IRS. The revenue agent determines that certain expenses that were deducted on her return are not valid, and he accordingly makes adjustments to her tax liability. Upon receipt of her 30-day letter, she phones you, a CPA, for advice regarding possible future action on the matter. What options would you discuss with Olivia?
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ANSWER If Olivia receives a 30day letter from the IRS indicating proposed adjustments to her tax liability there are several options she may consider ...View the full answer
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Muhammad Umair
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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