Question: Ms . Smith ( age 5 6 ) , a real estate professional, has hired you to assess her retirement preparedness. As you review the
Ms Smith age a real estate professional, has hired you to assess her retirement preparedness. As you review the data she provided, you discover that she reported $ of income and $ of expenses in tax year resulting in $ of adjusted gross income.Ms Smith also provided you with a record of her personal spending in which was about $month You educated Ms Smith regarding allowable business expenses and disallowed personal expenses. Which type of audit should Ms Smith be concerned about?
Group of answer choices
A computer generated DIF audit
A related party audit
A lifestyle audit
A targeted compliance audit
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