1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AfilCa [17]
3 years ago
6

Tax preparers who obtain written conflict of interest waivers from clients are required to retain the document for at least:____

______.
Business
1 answer:
sertanlavr [38]3 years ago
4 0

Answer:

The correct answer is: 36 months or 3 years.

Explanation:

The Department of Treasury Circular 230 establishes the regulations for all those professionals who represent individuals before the Internal Revenue Service (<em>IRS</em>) such as <em>lawyers </em>and <em>accountants</em>. In section 10.29 there is a retention requirement in front of conflict of interest that implies waivers or consents to be retained by the tax professional for <em>3 years post-representation</em> and made available to the IRS if requested.

You might be interested in
Please Help soon
Dafna11 [192]

The money multiplier can be used as an expansionary and also an expansionary tool by a given government.

<h3>What is an expansionary tool?</h3>

As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.

<h3>As a contractionary tool</h3>

The money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.

Read more on the money multiplier here: brainly.com/question/13923879

#SPJ1

5 0
2 years ago
I just came back on this website after like 2 years so like....Im gonna meme this until this account gets taken down. Someone gi
Nutka1998 [239]

Answer:

I'm not saying I hate you, but I would unplug your life support to charge my phone...

8 0
3 years ago
Read 2 more answers
Please answer the questions you can
ValentinkaMS [17]

Answer:

11. Explain the primary functions of a commercial bank.  

The Primary function of a commercial bank is to offer loans to individuals and businesses.

Explanation

A commercial bank receives money mostly from individuals and businesses opening saving or current accounts. Then they use these deposits to lend money to other businesses or individuals. This is possible because commercial banks only need to keep the 10% of the deposits made in a savings or current account.  

Other functions of commercial banks are to offer security to the funds deposited by their customer, teach the customers financial education and give them possibilities of investment such as Certificate Term Deposits

17. Describe the procedure of opening a savings bank account in a bank  

The procedure for opening a savings bank account is:

1. Fill in the application form.  

2. Present the following documentation with your application: government-issued identification (a driver's license number, military ID, or other ID), your Social Security number, and a mailing address.  

3. Go to a bank branch or to its website and open the account.

4. Make the initial deposit if required.  

Explanation:

Opening a savings account will require that you identify yourself to the bank with a document that proves who you are, where you live, how old are you and how to contact you. This basic information is gathered in an application form that will be filed as the banks support in front of the regulators in case of an audit and will prove that you are a real person.

Afterwards the bank takes that information and check that everything is true and legal. After making that investigation you are granted with an account number and a card that you might use in any ATM to withdraw money.  

For the las step of the opening of a bank account you need to deposit money so you have funds to save or make purchases.  

3 0
3 years ago
Stone Pine Corporation, a calendar year taxpayer, has ending inventory of $160,000 on December 31, 2018. During the year, the co
bezimeni [28]

Answer:

The answer is $215,000

Explanation:

Cost of goods sold equal:

Opening/beginning inventory plus purchases minus closing/ending inventory

To find beginning inventory at January 1, 2018, lets rearrange the formula:

Cost of goods sold minus plus purchases plus closing/ending inventory.

Cost of sales is $470,000

Purchases is $415,000

Ending inventory is $160,000

Therefore, beginning inventory at January 1, 2018 is

$470,000 - $415,000 + $160,000

=$215,000

3 0
3 years ago
Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Ser
pashok25 [27]

Answer:

  Income Statement Dec. 31, 20Y6

<u>           Glacier Travel Service                 </u>

Total revenue                        $900,000

- Wages expense                 ($425,000)

- Rent expense                     ($180,000)

- Utilities expense                 ($75,000)

- Supplies expense               ($38,000 )

<u>- Miscellaneous expense     ($37,000) </u>

EBIT                                        $145,000

<u>- Taxes                                   ($30,000)</u>

Net profit                                $115,000

4 0
3 years ago
Other questions:
  • FICO is a credit score.<br><br> True<br> False
    12·1 answer
  • The equation 4 + 4 = 8 would be considered a scientific _____. theory
    8·1 answer
  • Oriole Chemicals Company acquires a delivery truck at a cost of $32,000 on January 1, 2022. The truck is expected to have a salv
    5·1 answer
  • A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provid
    12·1 answer
  • Arkensland is a highly industrialized countr. Prices have been steadily increasing over the last few years and inflation reached
    12·1 answer
  • Company A has a beta of 0.70, while Company B's beta is 1.20. The required return on the stock market is 11.00%, and the risk-fr
    12·2 answers
  • PLS HELP QUICK<br> I’LL MARK BRAINLIEST
    5·2 answers
  • Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors
    13·1 answer
  • Principal Printing produces custom labels and stationery for companies. In conducting CVP analysis of its Personalized Package,
    6·1 answer
  • What is the difference between paperback and mass market paperback?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!