41. Last year a taxpayer was audited by the IRS and an item of deduction on the...

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41. Last year a taxpayer was audited by the IRS and an item of deduction on the tax return was disallowed. On this year’s tax return, the taxpayer would like to deduct a similar item. Discuss the circumstances under which a member may allow the taxpayer to take the deduction on the current year’s return and still be in compliance with SSTS No. 5. Under what conditions must special disclosure be made by the member?

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Federal Tax Research

ISBN: 9780324659658

8th Edition

Authors: William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders

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