Questions from Federal Taxation

Q: What are the statutes of limitations for the IRS and taxpayers?

What are the statutes of limitations for the IRS and taxpayers? Why did Congress create them? When can they be shortened, extended, or suspended?

Q: Examine some tax journal articles and treatises to put together a checklist

Examine some tax journal articles and treatises to put together a checklist, “How to Prepare for an Appeals Conference.”

Q: Why must the tax professional be cognizant of how tax law administration

Why must the tax professional be cognizant of how tax law administration works?

Q: Respond to the following client comment: “We have a better

Respond to the following client comment: “We have a better than even chance of winning in the Tax Court, according to an article I read. Let’s sue the government!”

Q: List and discuss the primary parts of a tax research memo.

List and discuss the primary parts of a tax research memo.

Q: In early 2017, the IRS selected Amber’s 2014 return for audit

In early 2017, the IRS selected Amber’s 2014 return for audit with respect to Schedule C expenses and employee business expenses claimed on the return. Amber met with an IRS agent, who disallowed many...

Q: Distinguish between the receipt of a 30-day letter and a

Distinguish between the receipt of a 30-day letter and a 90-day letter.

Q: Construct a scenario in which the tax adviser should recommend that the

Construct a scenario in which the tax adviser should recommend that the client terminate an IRS challenge with the following: a. Lawsuit b. Offer in compromise c. Closing agreement d. Appeals conferen...

Q: Indicate whether the following statements are true or false: a

Indicate whether the following statements are true or false: a. The statute of limitations for assessment of taxes never extends beyond three years from the filing of a return. b. There is no statute...

Q: What is the applicable filing period under the statute of limitations in

What is the applicable filing period under the statute of limitations in each of the following independent situations? a. No return was filed by the taxpayer. b. The taxpayer incurred a bad-debt loss...