Current tax system
• Why do we have an income tax, what is the legal basis, how does congress use tax law?
• What is the audit process utilized by the IRS as part of the administration of tax law?
• What ethical guidelines will apply to you in your tax practice?
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Why do we have an income tax, what is the legal basis, how does congress use tax law? What is the audit process utilized by the IRS as part of the administration of tax law?
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Suppose the country is in budget deficit and carrying very large debt. Explain dangers of high debt to GDP ratio and growing budget deficit.
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What are the economic, social, equity, and political considerations that justify different aspects of tax law?
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