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denpristay [2]
3 years ago
9

Tax return preparers may generally rely on a client's representations without verification unless:

Business
1 answer:
Valentin [98]3 years ago
4 0

Answer:

Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.

Explanation:

A  "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.

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The type of cover letter written in response to a posted job opening
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<span>The type of cover letter was written in response to a posted job opening is an Application letter. An application letter or more commonly known as the cover letter is a file sent together with your resume to give further information about your and experience and expertise. The application letter is intentional to give information in detailed on stating the details on why you are the most qualified candidate for the job opening.</span>

8 0
4 years ago
You received a signed broker-to-broker transfer initiation form (TIF) from an established customer desiring to transfer a specif
almond37 [142]

Your firm must submit the transfer instruction to the carrying member through the ACATS <u>A) Immediately.</u>

<h3>What is the Automated Customer Account Transfer Service (ACATS)?</h3>

The Automated Customer Account Transfer Service (ACATS) is a standardized and automatic system sanctioned by the Financial Industry Regulatory Authority (FINRA) that transfers financial securities in customers' accounts from one brokerage firm or bank to another.

Under the FINRA's Uniform Practice Code, a customer may transfer some or all of their securities.

Thus, the FINRA's Uniform Practice Code requires that your firm <u>immediately</u> forwards the TIF to the next broker.

Learn more about Financial Industry Regulatory Authority (FINRA) at brainly.com/question/8777317

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<h3>Question Completion with Answer Options:</h3>

What does FINRA's Uniform Practice Code require?

A) Immediately.

B) within 1 business day.

C) within 3 business days.

D) within 2 business days.

4 0
2 years ago
Money held by the lender to pay homeowners insurance and property taxes is put in a fund called _____. a. closing costs b. commi
ycow [4]

Answer: c. Escrow

Explanation: Escrow is a financial instrument where cash is held on behalf of 2 parties by a third party. Money can be held in escrow until contractual obligations are fulfilled or appropriate instructions are met. In this case the money is insurance and taxes that is held in escrow until payment for both these are needed.

Other multiple choice options that don't apply here are stated below

a. Closing costs - these are fees that are incurred by either the buyer or seller when a real estate transaction closes.

b. Commission - this is the amount of cash someone earns after selling or renting out a form of property.

d. Origination - origination in real estate terms is the first step in a process towards obtaining a home loan or mortgage.

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3 years ago
You just finished leading your team during a two-hour long meeting with one of your larger clients. The purpose of the meeting w
Sliva [168]

Answer:

Option D  

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By offering to buy the group 's competence, the customer might have had the impression that the venture is in capable hands, but this could have established a relationship of mutual trust between the two parties, which in turn could have been valuable to the success. That would be the only element of the team's session discussion that was missing.                    

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