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vagabundo [1.1K]
3 years ago
7

Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter

nal Revenue Service. The IRS is questioning Sean and Diane on contributions that were listed on their 2018 Form 1040. While reviewing the documentation provided by Sean and Diane, Amanda discovers contributions that were made to a non-qualified organization. What is the appropriate action for Amanda to take? A. Amanda must advise Sean and Diane on how to keep the inaccuracy from being discovered by the IRS B. Amanda must advise Sean and Diane promptly of the inaccuracy and the consequences provided by the Internal Revenue Code and Regulations C. Amanda must notify the Internal Revenue Service that she is no longer representing Sean and Diane by withdrawing her Form 2848 D. Amanda must immediately advise the Internal Revenue Service examiner of the non-qualified contributions
Business
1 answer:
algol133 years ago
8 0

Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

Explanation:

Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.

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Answer:

See explanation section

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6 0
3 years ago
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Answer:

B. $323,900.00

Explanation:

Nper = 300 periods

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Therefore, The amount to be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years is $323,900 .

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An insurance policy with a higher premium most likely has ...
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