Forensic 20 - Question 1 2 out of 2 points What are some...

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Question 1 2 out of 2 points What are some indicators of federal income tax fraud? Answer Selected Answer: Tax fraud is often defined as an intentional wrongdoing on the part of a taxpayer, with the specific purpose of evading a tax known or believed to be owing. and states that tax fraud requires both an underpayment of tax and fraudulent intent. To determine whether fraud is present the courts look for objective manifestations of fraudulent intent called badges or Indiana. These Indiana have been developed over time, are found in case law, and are encapsulated in the RIM. According to IRS 25.1.1.2, fraud Indiana can be one or more acts on intentional wrong doing by the taxpayer with the specific purpose to evade fraud. categories: affirmative indications and affirmative acts. Correct Answer: To determine whether fraud is present, the courts look for objective manifestations of fraudulent intent called badges or indicia. These indicia have been developed over time, are found in case law, and are encapsulated in the IRM. According to IRM § 25.1.1.3, fraud indicia can be one or more acts of intentional wrongdoing by the taxpayer with the specific purpose to evade tax. Furthermore, fraud indicators can be divided into two categories: affirmative indications and affirmative acts. However, a taxpayer cannot be charged with tax fraud unless at least one affirmative act is present. Response Feedback: [None Given] Question 2 2 out of 2 points What three elements must be proved for successful prosecution under IRC § 7201? Answer
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Selected Answer: conviction of a felony tax offense usually results in the assessment of a sentence and penalties. The for each count of evasion (IRS Section 721) imprisonment up to five years, fine of up to $250,000, Civil fraud penalty of 75 percent on the portion of the
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This note was uploaded on 02/29/2012 for the course FORENSIC 101 taught by Professor ? during the Spring '12 term at Post.

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Forensic 20 - Question 1 2 out of 2 points What are some...

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