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S Hope is studying income taxation and came across a homework assignment that included the following income tax returns. You have agreed to tutor her
S Hope is studying income taxation and came across a homework assignment that included the following income tax returns. You have agreed to tutor her which is allowed by the Professor. Identify for Hope, the different types of audits that will likely be used on the following audits: (answer only one audit type per item below) a. The IRS selected Donald Mump's return for audit. He has listed high itemized deductions on his income tax return, Form 1040 The IRS would like to see documentation of all of these deductions b. Amazon, Inc. is obviously a very large publicly traded corporation. Over the years, it has become involved in many transactions that are complex that have many significant tax consequences. c. George and Barbara BeeShush operate a small business out of their home in Midland, Texas. The IRS has identified a couple of issues that may relate to their beehive business at their ranch. d. Bill and Hillary's tax returnhas been selected by the IRS for review because of some of their investments, particularly some of their investment sales. The IRS would like a better understanding of the investment transactions and all of the parties involved
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