Question: Ellen, a CPA, prepares a tax return for Frank, a plumber, in exchange for installing a new sink. Since no cash changed hands, neither taxpayer

Ellen, a CPA, prepares a tax return for Frank, a plumber, in exchange for installing a new sink. Since no cash changed hands,
neither taxpayer is required to report any income.
True
False
Ellen, a CPA, prepares a tax return for Frank, a plumber,

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