Why are you learning tax accounting? Does your why in any way related to the business "why"? No plagiarism please.
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- What do you know about tax evasion, tax avoidance, and tax exemption? Please elaborate youranswer and give example of these activities.Distinguish between tax avoidance and tax evasion. What are the ethical responsibilities of the tax practitioner in dealing with tax avoidance? What are the ethical responsibilities of the tax practitioner in dealing with tax evasion?Why is recordkeeping so important as a taxpayer and tax preparer?
- How is tax accounting different from financial accounting?What are the specific requirements of paid tax return preparers? In other words, what must they obtain from the IRS in order to charge money for tax preparation? What is the statute of limitations for income tax returns? Are there any exceptions to the general rule?What is the goal of a tax audit? A. To make sure you paying your imposed fines B. To make sure you are paying your taxes C. To investigate criminal activity D. Non
- What is qualified business income deduction in taxation/accounting? And, how is it used to reduce their taxable income?Tax accounting is a service offered by public accounting firms that involves both tax planning and which of the following? Multiple Choice A.)tax compliance B.)tax avoidance C.)tax elimination D.)tax payment. Please explain incorrect and correct option without plagiarismHe is the accountant for the business, so should I include that in my explanation? That particularly violates the standards with General Accounting Principles(GAAP) and it could violate Tax codes.
- Why do taxpayers often have more than one alternative for structuring a business transaction?A tax preparer has a client tht recently asked him about the probability ofthe IRS detecting cash transactions not reported on tax return. What are some of the issues the tax preparer should discuss with this client?Is it the auditors’ responsibility to verify that the client meets tax-exempt status?
