38.Aldo has just been audited by the IRS. He does not agree with the agent’s findings but feels he has only two choices: pay the proposed deficiency or report to the courts. Do you with Aldo’s conclusions? Why or why not?
42.On a Federal income tax return filed five years ago, Andy inadvertently omitted a large amount of gross income.A.Andy seeks your advice as to whether the IRS is barred from assessing addi-tional income tax in the event he is audited. What is your advice?
B.Would your advice differ if you are the person who prepared the return in question? Explain.