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Problem - Rod's Federal income tax returns (Form 1040) for the indicated years were prepared by the following persons.
Year - Preparer
1 - Rod
2 - Ann
3 - Cheryl
Ann is Rod's next-door neighbor and owns and operates a pharmacy. Cheryl is a licensed CPA and is engaged in private practice. In the event Rod is audited and all three returns are examined, who may represent him before the IRS at the agent level? Who may represent Rod before the Appeals Division?
Use this information to determine the dollar value of January Sales and January Cash Collections from Customers
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Quite pleased, the purchasing manager suggests that the materials price standard be updated to reflect this new, less expensive source of leather strips.
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