Answer:
Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)
Explanation:
When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.
This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.
The effect on the tax preparer's client include:
- refund of amounts collected in error because of wrong return
- a two year ban from claiming credits if error is due to recklessness
- a ten year ban if error is as a result of fraud
The consequences for the tax preparer includes:
- for each requirement not met a $500 penalty
- suspension from the IRS e-file
- a ban from tax preparations
- in cases of fraud criminal charges can be made
<span>Money house under profession. Money house under trade (TOT) alludes all the of the relative value about imports As far as fares Also may be characterized as the proportion for fare costs to import costs. It could a chance to be translated Similarly as the measure of import merchandise an economy camwood buy for every unit from claiming send out merchandise. </span>
The four managerial functions are planning, leading, organizing and controlling and the four roles of HRM are staffing, training and development, motivation, and maintenance. The role of staffing involves finding qualified individuals and hiring them which falls under planning. The role of training involves taking these individuals and preparing them for the job by developing their skills which falls under organizing. Motivation of the employees involves HRM stimulating them and keeping them happy with their job position which is under leading. The role of maintenance involves doing whatever it takes for the company to keep the employee on board so they can retain the worker's talents which is under controlling.
Answer:
Income
Explanation:
Suppose the market wage for cashiers increases from $7 per hour to $9 per hour. As a result, Pat, who is a cashier, now works five more hours per week. On the other hand Chris, who is also a cashier, now works five fewer hours per week.Chris's behavior illustrates the <u>Income</u> effect of a wage increase.
As the income increases, few individual prefer to work fewer hours as now they are able to maintain target by working fewer than at previous wage rate. These people prefer leisure over higher income and want to settle down with limited income. These people may have a backward bending individual labour supply curve – they may choose to work fewer hours when the wage rate rises.
Answer:
The correct answer is c. Calibrate risks
.
Explanation:
Risk management is the process of planning, organization, management and control of the human and material resources of an organization, in order to minimize or exploit the risks and uncertainties of the organization.
Uncertainties represent risks and opportunities with the potential to destroy or create value. The company's risk management allows managers to effectively address uncertainties as well as the risks and opportunities associated with them, in order to improve the ability to generate value.
Value is maximized when the organization establishes strategies and objectives to achieve the ideal balance between growth objectives, return on investment and the risks associated with them, and to explore its resources effectively and efficiently in achieving the organization's objectives. .