Question
Offered Price $15.00

Taxation Assignment-1. On July 1, 20x5, following an examination of T’s returns for 20x1 and 20x2, the IRS issued...

Question # 00029619
Subject: Law
Due on: 03/31/2015
Posted On: 10/28/2014 06:49 AM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
4852
Tutorials:
4854
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question
.8075em;="" vertical-align:="" baseline;="" line-height:="" 19.3799991607666px;="" color:="" rgb(51,="" 51,="" 51);="" font-family:="" verdana;="" background:="" rgb(255,="" 255,="" 255);"="">Taxation Assignment

Reading

The primary text for this course is: IRS Practice and Procedure (Student Edition)

ISBN: 978-0-7913-8501-2

Lesson Assignment # ***** The Examination Function

Reading

Text: Study Sections 8.01; 8.02; 8.04 through 8.08; 8.11 through 8.14; 8.16 of the text. (Skim

8.09; 8.10; 8.15 through 8.23 of the chapter.)

Internal Revenue Code: Read the following Internal revenue Code Section: §6020. (Skim

§6221-§6234 sections)

1. On July 1, 20x5, following an examination of T’s returns for 20x1 and 20x2, the IRS

issued, and T signed, a Form 870 agreeing to certain deficiencies. On December 1,

20x5, the IRS notified T that certain partnership losses reflected on the 20x1 and 20x2

returns are disallowed, thereby changing the deficiencies agreed to on the Form 870.

Can the IRS reopen the examination of returns for the 20x1 and 20x2 tax years

2. What is a Revenue Agent Report (RAR), and how is it used?

3. Jo is being audited by the IRS. The revenue agent determines that certain expenses that

were deducted on Jo’s return are not valid, and the agent accordingly makes

adjustments to Jo’s tax liablity. Upon receipt of her thirty-day letter, Jo phones you for

advice regarding possible future action on the matter. In the form of a letter to the

client,what options would you present to Jo?

Tags returns 20x1 20x2 iued examination following aignment1 july 20x5 taxation revenue returns 20x1 20x2 agent form examination certain text code deficiencies following reading 20x5 skim letter internal aignment sections valid return years reopen accordingly used makes determines expenses audited deducted

Tutorials for this Question
Available for
$15.00

Taxation Assignment-On July 1, 20x5, following an examination of T’s returns for 20x1 and 20x2, the IRS issued..

Tutorial # 00029051
Posted On: 10/28/2014 06:53 AM
Posted By:
Best Tutors for school students, college students jia_andy
Expert tutors with experiences and qualities
Questions:
4852
Tutorials:
4854
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …action xx the xxxxxx In the xxxx of a xxxxxx to xxx xxxxxxx what xxxxxxx would you xxxxxxx to Jo?October xxx 2014Jo xxxxxxxxx xxxxxxxxxxx LaneColumbus, xxxxx IRS audit, xxxxxxxx adjustmentsDear Jo:I xx writing xx xxxx your xxxxxxx regarding the xxx audit letter xxx recently xxxxxxxx xx is xxxxxxxxx known as xx IRS 525 xxxxxx The xxxxxx xxxxxxxx thirty xxxx to respond xxx can do xxx following:1 xxxxxx xxx IRS xxxxxxxxxxx Tax liabilities xxxx be fixed, xxx you xxxx xx billed xxx tax, interest xxx penalty 2 xxxxxx the xxxxxxxx xx the xxxxxxxxxxx and determine xx the amount xx winnable xxxxx xxxxxxxx filing xx Appeal of xxx assessment Attachments xxxx with xxx xxxxxx outline xxx to file xxx Appeal and xxxxx to xx xx This xxxxx to be xxxxx within thirty xxxx of xxx xxxx of xxx letter received, xxx from when xxx receive xx xxxxxx an xxxxxxxx decision involves xxxxxxx factors that xxx should xxxxxxxx xx making xxx decision:1 Are xxx items listed xx the xxxxxxx xxxxx actually xxxxxxxxxx items? Did xxx produce proof xxxxxx the…
Purchase this Tutorial @ $15.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...