1. What is the statute of limitations on collection? 2. What is a statutory notice of deficiency...
Question:
1. What is the statute of limitations on collection?
2. What is a statutory notice of deficiency and what alternatives does a taxpayer have in responding to it?
3. If a taxpayer files a Tax Court petition, what is the consequence of not addressing an item in the notice of deficiency?
4. Explain how a statutory notice of deficiency is rescinded.
5. If a taxpayer's administrative claim for refund is denied by the IRS, how long does the taxpayer have to file suit in court?
6. What factors should a taxpayer consider when filing a claim for refund?
7. Describe a protective claim for refund.
8. What is a deposit in the nature of a cash bond and what is the effect of making such a deposit?
9. When will a civil fraud penalty be imposed?
10. What are some examples of reasonable cause?
11. How is the accuracy related penalty applied?
12. What is a tax lien how does it arise and how long does it last?
13. What is transferee liability and how does it arise?
14. What effect does a bankruptcy filing have on the IRS collection of tax debts?
15. What is the IRS' right of redemption?
16. What is the statute of limitations on assessment if a taxpayer commits fraud? Who has the burden of proving that fraud?
17. Describe the three main types of examinations W&I and SBSE taxpayers are subject to.
18. At what point or points in the deficiency procedures can a taxpayer bring a case before the Appeals Division of the IRS?
19. When is a Tax Court decision final and of what significance is that determination?
20. What must a taxpayer do prior to filing a suit for refund?
21. When can the IRS abate the interest due on a tax deficiency?
22. What is a tax levy and how is it made?
23. What is the Appeals conference of right?
24. What is the effect of signing a Form 870?
25. What is the difference between a discharge and a release of a federal tax lien?
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson