The executor of a deceased clients estate comes to you with

Assignment Help Cost Accounting

Reference no: EM13370903

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: EM13370903

Questions Cloud

Marquette corporation a tax client since its creation three : marquette corporation a tax client since its creation three years ago has requested that you prepare a memorandum

Company abc has a spending variance of 100000 f and : company abc has a spending variance of 100000 f and efficiency variance of 100000 f and a volume variance of 300000 f.

On 1st april 2013 darden corporation parent company of : on 1st april 2013 darden corporation parent company of oliver garden red lobster longhorn steakhouse and bahama breeze

On 1st april 20x7 miller oil company purchased a pumping : on 1st april 20x7 miller oil company purchased a pumping truck. the sole consideration was a 100000 note due in one

The executor of a deceased clients estate comes to you with : the executor of a deceased clients estate comes to you with a letter from the irs showing that they are auditing a

Death and taxes are two certainties that we can plan for in : death and taxes are two certainties that we can plan for in life. the irs is still able to tax us in death using estate

During 2013 jeff smallwood worked for two different : during 2013 jeff smallwood worked for two different employers. until may he worked for rowland constructions company in

1 employees are paid bi-monthly on the 1st day of the month : 1 employees are paid bi-monthly on the 1st day of the month for work performed during the last half of the last month

Investment after taxes14 is the firms cost of capital tax : investment after taxes14 is the firms cost of capital. tax rate is 40 percent and the firm uses straight line

User Account

All Pages