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Test Bank For Federal Tax Research 13th Edition by Roby Sawyers, Steven Gill Chapters 1 -13 ||Complete A+ Guide $17.99
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Test Bank For Federal Tax Research 13th Edition by Roby Sawyers, Steven Gill Chapters 1 -13 ||Complete A+ Guide
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Test Bank For Federal Tax Research 13th Edition by Roby Sawyers, Steven Gill Chapters 1 -13 ||Complete A+ Guide

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  • November 3, 2024
  • 204
  • 2024/2025
  • Exam (elaborations)
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  • 9780357988411
  • federal tax research
  • test bank for federal tax research 13th edition
  • federal tax research 13th edition 9780357988411
  • 13th edition by roby sawyers and steven gill

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Test Bank for
f f




Federal Tax
f f




f Research, 13e f




SawyerTB
f f

,Federal Tax Research, 13e Sawyer TB
f f f f f

,Chapter 1 f




1. Tax compliance is the process of:
f f f f f


a. filing necessary tax returns f f f


b. gathering the financial information necessary to report taxable income
f f f f f f f f


c. representing a taxpayer at an IRS audit f f f f f f


d. all of these are correct
f f f f


ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice f f


HAS VARIABLES: False
f


DATE CREATED: 3/30/2017 11:37 AM
f f f


DATE MODIFIED: 4/20/2017 2:12 PM
f f f




2. Tax evasion is:
f f


a. a fraudulent act involving illegal nonpayment of taxes
f f f f f f f


b. one of the objectives of tax planning
f f f f f f


c. an act of deferring tax payments to future periods
f f f f f f f f


d. the same as tax avoidance as both of them result in nonpayment of taxes
f f f f f f f f f f f f f


ANSWER: a
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice f f


HAS VARIABLES: False
f


DATE CREATED: 3/30/2017 11:37 AM
f f f


DATE MODIFIED: 3/30/2017 11:37 AM
f f f




3. Tax litigation is a process of:
f f f f f


a. participating in an administrative audit f f f f


b. settling tax-related disputes in a court of law
f f f f f f f


c. filing amended tax returns as prescribed by tax laws
f f f f f f f f


d. arranging a taxpayer’s affairs to minimize tax liabilitiesf f f f f f f


ANSWER: b
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice f f


HAS VARIABLES: False
f


DATE CREATED: 3/30/2017 11:37 AM
f f f


DATE MODIFIED: 3/30/2017 11:37 AM
f f f




4. Regarding open transactions, which of the following statements is INCORRECT?
f f f f f f f f f


a. The transaction is not yet completed.
f f f f f


b. The practitioner can suggest changes to achieve a better tax result.
f f f f f f f f f f


c. A tax practitioner has some degree of control over the client’s tax liability.
f f f f f f f f f f f f


d. The practitioner can fix the problem by amending the client’s tax return.
f f f f f f f f f f f




Copyright fCengage fLearning. fPowered fby fCognero. Page f1

, Chapter 1 f




ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: f Multiple Choice f


HAS VARIABLES:
f False
DATE CREATED:
f 3/30/2017 11:37 AM f f


DATE MODIFIED:
f 4/20/2017 3:15 PM f f




5. Which of the following statements best describes Circular 230?
f f f f f f f f


a. Circular 230 has been adopted by the AICPA as its set of rules of practice for CPAs.
f f f f f f f f f f f f f f f f


b. Circular 230 is a set of Treasury Department ethical and legal standards for those engaging in practice before
f f f f f f f f f f f f f f f f f


the IRS.
f f


c. Circular 230 is a set of internal rules at the IRS designed to protect tax practitioners from unfair discipline by
f f f f f f f f f f f f f f f f f f f


the IRS.
f f


d. Circular 230 is a set of ethical rules for taxpayers.
f f f f f f f f f


ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice f f


HAS VARIABLES: False
f


DATE CREATED: 3/30/2017 11:37 AM
f f f


DATE MODIFIED: 3/30/2017 11:37 AM
f f f




6. Who can represent a taxpayer before the IRS Appeals Office under Circular 230?
f f f f f f f f f f f f


a. a CPA f


b. an officer of a corporation may represent the corporation
f f f f f f f f


c. an attorney f


d. all of these are correct
f f f f


e. both a CPA and an attorney f f f f f


ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice f f


HAS VARIABLES: False
f


DATE CREATED: 3/30/2017 11:37 AM
f f f


DATE MODIFIED: 4/20/2017 3:19 PM
f f f




7. In a closed transaction, the scope of tax planning is:
f f f f f f f f f


a. more limited as compared to an open transaction
f f f f f f f


b. limited by the IRS rules of practice f f f f f f


c. limited to presenting the taxpayer’s facts to the government in the most favorable, legal manner
f f f f f f f f f f f f f f


d. more limited as compared to an open transaction and limited to presenting the taxpayer’s facts to the
f f f f f f f f f f f f f f f f


government in the most favorable, legal manner
f f f f f f f


ANSWER: d

Copyright fCengage fLearning. fPowered fby fCognero. Page f2

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