Which to conceal cash receipts from gross income

Assignment Help Financial Accounting

Reference no: EM131253629

Discuss which penalties, if any, might be imposed on the tax adviser in each of the following independent circumstances. In this regard, assume that the tax adviser:

a. Suggested to the client various means by which to acquire excludible income.

b. Suggested to the client various means by which to conceal cash receipts from gross income.

c. Suggested to the client means by which to improve her cash flow by delaying for six months or more the deposit of the employees’ share of Federal employment taxes.

d. Failed, because of pressing time conflicts, to conduct the usual review of the client’s tax return. The IRS later discovered that the return included fraudulent data.

e. Failed, because of pressing time conflicts, to conduct the usual review of the client’s tax return. The IRS later discovered a mathematical error in the computation of the personal exemption.

Reference no: EM131253629

Questions Cloud

Describe features and characteristics of human resource mis : Have your team design a human resource MIS for a medium-sized retail store. Describe the features and characteristics of your human resource MIS.

Comparing the breakeven points in requirements : Sales mix, three products. The Janowski Company has three product lines of mugs—A, B, and C— with contribution margins of $5, $4, and $3, respectively. What is the company’s breakeven point in units, assuming that the given sales mix is maintained? C..

What are the implications of this for an industry : Prove that it is inconsistent with the theory of perfect competition that a firm in a long-run equilibrium would ever produce a (positive) quantity at which its long-run average costs are declining. What are the implications of this for an industr..

Growth of consumer information organizations : "The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of customer satisfaction. Thus it is no longer useful to talk about profit maximization as a company obje..

Which to conceal cash receipts from gross income : Discuss which penalties, if any, might be imposed on the tax adviser in each of the following independent circumstances. In this regard, assume that the tax adviser: Suggested to the client various means by which to acquire excludible income. Suggest..

Find an example of an external audit : Do research on the Web to find an example of an external audit that uncovered serious problems at an organization.

How company plans to accommodate for the decrease in sales : In 2012, Barney and Co. saw a decrease in sales of 20%. The company had also recently purchased equipment to increase productivity, but has incurred the additional expense of paying back the loan for equipment. The loan makes up for 5% of the company..

How to analyze and critique a work of art : Listen attentively to the experts in the videos and learn from their informed discussion on how to analyze and critique a work of art. Build your text on the points they bring up in their talk and share your own take on the subject.

Use the internet to explore applications for smartphones : Use the Internet to explore applications for smartphones and tablet computers that can be used in decision making.

User Account

All Pages