TAXATION DISCUSSION QUESTIONS
1. Describe the differences between the three types of audits in terms of their scope and taxpayer type.
2. When selected by IRS for an audit, can / should the taxpayer (T/P) ignore the IRS inquiry?
3. Simon just received a 30-day letter from the IRS indicating a proposed assessment. Does he have to pay the additional tax? What are his options?
4. What are some common examples of the timing strategy?
5. Emily and Tony are recently married college students. Can Emily qualify as her parents' dependent? Explain.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.