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The use of indirect methods to reconstruct income by the IRS is limited by Code Section 7 6 0 2 ( e ) which prohibits
The use of indirect methods to reconstruct income by the IRS is limited by Code Section e which prohibits financial status or economic reality techniques to determine the existence of unreported income unless the IRS Agent has a likelihood of such unreported income. The missing phrase is that there i a sneaking suspicion a good faith belief a reasonable suspicion probable cause to believe a reasonable indication a hunch
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