Give an idea or opinion on how to catch those practicing tax evasion.
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Give an idea or opinion on how to catch those practicing tax evasion.
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Solved in 2 steps
- Distinguish between tax avoidance and tax evasion. What are the ethical responsibilities of the tax practitioner in dealing with tax avoidance? What are the ethical responsibilities of the tax practitioner in dealing with tax evasion?What do you know about tax evasion, tax avoidance, and tax exemption? Please elaborate youranswer and give example of these activities.What is the goal of a tax audit? A. To make sure you paying your imposed fines B. To make sure you are paying your taxes C. To investigate criminal activity D. Non
- Is it appropriate or inappropriate for government tax enforcement officials to socialize with tax accounting professionals?A tax preparer has a client tht recently asked him about the probability ofthe IRS detecting cash transactions not reported on tax return. What are some of the issues the tax preparer should discuss with this client?analyze possible reasons (any five) for individuals to evade and avoid taxes and suggest remedial actions to tax authorities to eliminate those practices.
- Is it acceptable or unacceptable for government tax enforcers to interact with tax accounting professionals?Which of the following is the best definition of tax planning? Oa. Planning taxpayers' financial affairs to find the best way to avoid tax by successfully bending tax law Ob. Planning taxpayers' financial affairs in an effort to minimize tax liability Oc. Researching complex tax issues Od. Preparing a client's tax return Oe. None of these choices are considered tax planning.Discuss the difference between “tax evasion”, “tax avoidance”, and “tax planning”.