Question
You are interviewing a client before preparing his tax return. He indicates that he did not list as income $96,000 received as recovery for false
You are interviewing a client before preparing his tax return. He indicates that he did not list as income $96,000 received as recovery for false imprisonment. What should you do with respect to this significant recovery? And explain. Partial list of research aids: CCA 2008099001 Daniel and Brenda Stadnyk, T.C.Memo. 2008-289 Rev.Rul. 2007-14, 2007-1 C.B. 747. 104
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Applied Cost Benefit Analysis
Authors: Robert J. Brent
2nd Edition
1843768917, 978-1843768913
