Your answer:eBookDiscussion Question 1-37 (LO. 5)Aldo has just been audited by the IRS. He does not agree with the agent's findings but believes that he has only two choices: pay the proposed deficiency or resort to the courts.Indicate whether the following statements are true or false regarding the appeals procedures.a. The taxpayer can litigate the case in the Tax Court, a Federal District Court, or the Court of Federal Claims.
b. If the deficiency is under $10,000, the only choice is to pay the proposed deficiency.
c. The taxpayer may appeal to the Appeals Division of the IRS.
d. The taxpayer may attempt to negotiate a settlement with a higher level of the IRS.
Your answer:eBookDiscussion Question 1-33 (LO. 4)Regarding the value-added tax (VAT), complete each statement based on the question posed.a. What is the popularity of the value-added tax (VAT)?
b. What is the nature of the tax?
c. What effect can a VAT have on government spending?
10.Correct answer:NoYesYesNoNoYesYour answer:eBook