In early 2020, the IRS selected Ambers 2017 return for audit with respect to Schedule C expenses
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In early 2020, the IRS selected Amber’s 2017 return for audit with respect to Schedule C expenses and employee business expenses claimed on the return. Amber met with an IRS agent, who disallowed many of the expenses and who claims that Amber owes $2,500 of additional taxes. Discuss Amber’s alternatives.
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Following the diagram in Exhibit 123 after the IRS agent concludes the audit a RAR will be prepared ...View the full answer
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