Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, Please help with the below question. The IRS informs Brad that it will audit his current year employee business expenses. Brad just met with

Hi,

Please help with the below question.

The IRS informs Brad that it will audit his current year employee business expenses. Brad just met with a revenue agent who contends that Brad owes $775 of additional taxes. Discuss briefly the procedural alternatives available to Brad.

(Select five procedural alternatives available to Brad.)A. If the matter is complex and highly technical, Brad may urge the IRS employee to seek technical advice from his accountant.B.If the matter is complex and highly technical, Brad may urge the IRS employee to seek technical advice from the IRS's national office.C. He may file a petition with the Supreme Court without paying the deficiency.D. He may ask to meet with the examining agent's supervisor.E. After being notified of the deficiency, he may pay the taxes and file for a refund in a U.S. district court or the U.S. Court of Federal Claims.F. After being notified of the deficiency, he may pay the taxes and file for a refund in the town court where he resides.G. He may file a petition with the Tax Court without paying the deficiency.H.Brad may agree that he owes the additional taxes; if so, he may sign Form 870 (Waiver of Statutory Notice) if requested.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Excel Applications For Accounting Principles

Authors: Gaylord SmithBruce Walz

4th Edition

1133388027, 9781133388029

More Books

Students also viewed these Accounting questions