Questions from Individual Taxation


Q: Levi is recommending a tax return position to his client. What

Levi is recommending a tax return position to his client. What standard must he meet to satisfy his professional standards? What is the source of this professional standard?

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Q: What is Circular 230?

What is Circular 230?

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Q: What are the basic differences between civil and criminal tax penalties?

What are the basic differences between civil and criminal tax penalties?

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Q: What are some of the most common civil penalties imposed on taxpayers

What are some of the most common civil penalties imposed on taxpayers?

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Q: What are the tax practitioner’s standards to avoid a penalty for recommending

What are the tax practitioner’s standards to avoid a penalty for recommending a tax return position?

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Q: Compare and contrast the three trial-level courts.

Compare and contrast the three trial-level courts.

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Q: Jackie has just opened her copy of the Code for the first

Jackie has just opened her copy of the Code for the first time. She looks at the table of contents and wonders why it is organized the way it is. She questions whether it makes sense to try and unders...

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Q: What are the basic differences between regulations, revenue rulings, and

What are the basic differences between regulations, revenue rulings, and private letter rulings?

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Q: What is the key factor in shifting income from a business to

What is the key factor in shifting income from a business to its owners? What are some methods of shifting income in this context?

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Q: Benita is concerned that she will not be able to complete her

Benita is concerned that she will not be able to complete her tax return by April 15. Can she request an extension to file her return? By what date must she do so? Assuming she requests an extension,...

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