2010 CCH All Rights Reserved Chapter 2If any part of any understatement of

2010 cch all rights reserved chapter 2if any part of

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©2010 CCH. All Rights Reserved. The Appeals Officer may request that the taxpayer submit additional information which could involve b. additional conferences.New issues may be raised by the Appeals Officer regardless of the reasons for raising them.c. The Appeals Office may resolve controversies between the taxpayer and the IRS by considering the d. “hazards of litigation.”Chapter 2 If any part of any understatement of liability as to a return or claim for refund is due to a willful attempt to 90. understate the liability, the preparer could be subject to a “per return” penalty of: d. Any preparer who endorses or otherwise negotiates a refund check issued to a taxpayer for a return or 91. claim for refund prepared by the preparer is subject, with respect to each such check, to a penalty of: d. Interest is paid by the IRS on overpayment of tax if any overpayment of tax is not refunded within which 92. of the following number of days after the due date of the return (or filing date, if later): d. What is the applicable length of time for the statute of limitations on assessment of taxes if the taxpayer 93. willfully evades taxes? No limitationa. 18 monthsb. 3 yearsc. 6 years d. Which of the following helps solve taxpayer problems of dealing with the IRS? d. If a taxpayer under review disagrees with the revenue agent, he or she may:95. Request a conference in the IRS Appeals Office. d. Which of the following may not occur during the Appeals conference? 96. The taxpayer may represent himself or herself.
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396CCH Federal Taxation—Basic PrinciplesChapter 2 ©2010 CCH. All Rights Reserved. All of the following statements relating to Form 870-AD are true, except:97. By signing Form 870-AD, the taxpayer waives restrictions on the assessment and collection of any a. deficiency. Form 870-AD stops the running of interest when filed.b. Form 870-AD is merely the taxpayer’s offer to waive restrictions and interest will run until 30 days c. after the IRS has accepted the offer.The taxpayer is not required to sign Form 870-AD if the taxpayer does not agree with the decision at d. the Appeals level.All of the following statements regarding determination letters are true, except:98. A determination letter is generally issued in the same circumstances as a private ruling. a. Determination letters are issued by the National Office of the IRS.b. Most determination letters are issued in matters involving pension plans and exempt organizations.c. A determination letter is issued in response to a written inquiry of the taxpayer which applies the d. principles and precedents announced by the National Office to a specific set of facts.
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