Question: Overstated Charitable Contribution A new client has hired you to represent him before the IRS on an examination of a prior year's tax return. The
Overstated Charitable Contribution A new client has hired you to represent him before the IRS on an examination of a prior year's tax return. The IRS has issued an information document request IDR for supporting information on certain deductions claimed on the return under examination. In the process of assembling the information to respond to the IDR, you have determined that the client overstated a charitable deduction claimed on the return.What should you do when you determine a taxpayer's overstated charitable adeduction is insignificant?What should you do when you determine a taxpayer's overstated charitableD. deduction is significant?
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