Question

7. The majority of the IRS examinations on individual returns are accounted by O a. Office audits O b. Fraud audits O c CPA reviewed audits O d. Correspondence audits QUESTION 8 8 Which of the following would produce a Discriminant Function System alert O a. a large casualty loss damed as deduction O b. a trafficking violation of penal statutes O c meals claimed as deduction O d. no income QUESTION 9 9. Which can be an educational experience for tax professionals and tax students O a attend an accredited not-for-profit charity O b. watch Tax Court in action videos O c read the business gazette of the city

Answer 1

D. The individual tax returns are examined by the mean of correspondence in case IRS need any further information about the tax return.

In correspondence audit the tax payer are emailed and asked to provide the required information.

1. When a large casualty losses are claimed as deduction than this may leads to be audited.

B.     Watch Tax court in action will lead to increase in Knowledge as this will give real life cases knowledge and the judgments that have been made