Make a convincing argument that information

Reference no: EM1377527

The executor of a deceased client's estate comes to you with a letter from the IRS showing that they are auditing a large property valuation claim that was made on estate return. The IRS is claiming that the property was undervalued at time of death.
Using the Internet or Strayer databases, research the rules regarding valuation of property for a decedent's estate.

Prepare a one to two (1-2) page letter in which you:

1. Respond to assertions by the IRS and counter those assertions with your own.

2. Make a convincing argument that information/documentation your client possesses justifies and supports valuation claim.

Reference no: EM1377527

Questions Cloud

Effective interest method : The bonds were sold when market rates of interest were 10 percent. The discount/ premium is amortized using the effective interest method.

Prepare position briefs : This does not need a lot of writing I do not believe each brief requires to be more then 30- words. Please Help, I mainly require direction and a starting off point along with one citation for each.

What are your personal opinion about monitoring : What are your personal opinion about monitoring employee's computer and telephone communication?

Create the appropriate journal entry : Create the appropriate journal entry to record the purchase on 1 st April, 20X7 and create the appropriate journal entry to record the year-end discount amortization on December 31, 20X7.

Make a convincing argument that information : Respond to assertions by the IRS and counter those assertions with your own and make a convincing argument that information/documentation your client possesses justifies and supports valuation claim.

What are your moral responsibilitie circumstances : What specific action stages would you take in this situation? What are your moral responsibilities under these circumstances?

Estates and trusts : Explain the terms and give examples to show conditions where the creation of a trust might accomplish trustor objectives. describe briefly taxation concepts of the income generated in a trust.

Calculate and discuss which estate tax provisions : Calculate and discuss which estate tax provisions would most likely be abused by taxpayers and raise the potential risk of an IRS audit. Give support for your position.

The bank didn''t immediately sell the bonds however instead : The bank didn't immediately sell the bonds however instead requested $5,000 from Peterson.

User Account

All Pages