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Assume your client wants to claim a deduction or loss that may be questioned by the Internal Revenue Service (IRS). Explain two specific deductions or
Assume your client wants to claim a deduction or loss that may be questioned by the Internal Revenue Service (IRS).
- Explain two specific deductions or losses that would most likely result in an IRS audit.
- Outline at least two strategies to avoid a tax audit for a client who wishes to take the specific deductions or losses.
- Support your proposal with specific recommendations.
- Obtain a Form 1040Links to an external site. income tax return.
- Clearly identify the section of the Form 1040 that applies to the deduction or loss, and why.
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