Ask Question
BusinessBusiness
9 April, 04:19

Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Internal Revenue Service. The IRS is questioning Sean and Diane on contributions that were listed on their 2018 Form 1040. While reviewing the documentation provided by Sean and Diane, Amanda discovers contributions that were made to a non-qualified organization. What is the appropriate action for Amanda to take? A. Amanda must advise Sean and Diane on how to keep the inaccuracy from being discovered by the IRS B. Amanda must advise Sean and Diane promptly of the inaccuracy and the consequences provided by the Internal Revenue Code and Regulations C. Amanda must notify the Internal Revenue Service that she is no longer representing Sean and Diane by withdrawing her Form 2848 D. Amanda must immediately advise the Internal Revenue Service examiner of the non-qualified contributions

+1
Answers (1)
  1. 9 April, 05:07
    0
    Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

    Explanation:

    Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Internal Revenue ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which workplaces are common to both the Engineering and Technology pathway and the Science and Math pathway? laboratories and ships parks and radio stations construction sites and zoos offices and weather stations
Answers (1)
The CEO of Lexington decides to impose a transfer price since the two divisions cannot agree. She chooses the highest feasible price. Her reasoning is that selling for a high price is better for Lexington's profit.
Answers (1)
In the promotional effort
Answers (1)
Which of the following is most strongly supported by the Keynesian perspective of macroeconomics? A. inflation is a price that might have to be paid to achieve lower unemployment B.
Answers (1)
Robby is considering taking out a cash advance on his credit card to purchase a new television. His credit card offers cash advances up to $500.00 at an interest rate of 28%. If the television costs $350.
Answers (1)
New Questions in Business
Why is teen crashes a problem, especially for teen drivers?
Answers (2)
In general, how long does it take to accomplish a long-term goal? A. a few days to a week B. a few weeks to a month C. a few months to a year D. more than a year Reset Next
Answers (1)
A municipality is planning to issue a 5-year zero-coupon bond. The face value is $1,000 and the yield-to-maturity is 5.6%. What is the price of this muni-bond? Round to the nearest cent. Do not include a dollar sign in your answer. (i. e.
Answers (1)
Any process that comes ito physical contact with the product that will be delivered to an external customer is ... Options Production process Business process Both of the above none of the above
Answers (1)
Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables, but he also is evaluating each product's reputation, warranty, his own experience with the brand and, of course, the
Answers (1)
Home » Business » Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Internal Revenue Service. The IRS is questioning Sean and Diane on contributions that were listed on their 2018 Form 1040.
Sign Up Forgot Password?