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Chapter 02 Tax Compliance, the IRS, and Tax Authorities




Question;1.;Corporations;are required to file a tax return annually regardless of their taxable;income.;True False;2.;The tax;return filing requirements for individual taxpayers only depend on the;taxpayer's filing status.;True False;3.;If a taxpayer;is due a refund, she does not have to file a tax return.;True False;4.;If April 15th;falls on a Saturday, the due date for individual tax returns will be on;Monday, April 17th.;True False;5.;If a taxpayer;is unable to file a tax return by its original due date, the taxpayer can;request an automatic 9-month extension to file the return.;True False;6.;An extension;to file a tax return does not extend the due date for tax payments.;True False;7.;The statute;of limitations for IRS assessment generally ends four years after the date a;tax return is filed.;True False;8.;For;fraudulent tax returns, the statute of limitations for IRS assessment is ten;years.;True False;9.;The IRS DIF;system checks each tax return for mathematical mistakes.;True False;10.;Joel claimed;a high amount of charitable contributions as a deduction on his tax return;relative to taxpayers with similar income levels. The information matching;program is the IRS program most likely to identify Joel's tax return for;audit.;True False;11.;Office;examinations are the most common type of IRS audit.;True False;12.;The three;basic types of IRS examinations are computer exams, office exams, and;business exams.;True False


Paper#55255 | Written in 18-Jul-2015

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