What is meant by the terms tax avoidance and tax evasion

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Question 1. What is meant by the terms tax avoidance and tax evasion? Is there a difference between the two? Why should one be legal and the other illegal?

Question 2. A client comes to your tax firm. She asks you to research a tax issue and advise her on how to reduce her exposure to an IRS audit. What resources would you use in your research, and what would your advice be?

Quiz

1 Question : (TCO 1) Which, if any, of the following would tend to decrease the ad valorem tax on real estate?

2. Question : (TCO 1) Characteristics of a national sales tax include:

3. Question : (TCO 1) Which statement is FALSE with respect to tax treaties?

4. Question : (TCO 8) State income taxes generally can be characterized by:

5. Question : (TCO 8) Which, if any, of the following items is a deduction for AGI?

6. Question : (TCO 8) In 2011, Barney had the following transactions:

7. Question : (TCO 8) Which, if any, of the following statements does NOT correctly describe the "kiddie tax"?

8. Question : (TCO 9) What are pitfalls in interpreting the Internal Revenue Code?

9. Question : (TCO 11) Which of the following indicates that a decision has precedential value for future cases?

10. Question : (TCO 12) Which of the following is characteristic of the IRS audit procedure?

Reference no: EM13970299

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