After Bill and Mercedes' tax return was selected for audit, Bill read on the Internet speculation that filing a paper tax return (instead of filing electronically) and extending a tax return deadline decrease the chance of IRS audit. Bill has convinced Mercedes that they need to use these strategies in the future and look for other ways to avoid audit. Questions for discussion include: 1. What are the timing requirements for filing a tax return and paying taxes owed? 2. Does Bill's action likely violate any IRS regulation? 3. If Bill's action does not violate IRS rules, it is ethical?

After Bill and Mercedes' tax return was selected for audit, Bill read on the Internet speculation that filing a paper tax return (instead of filing electronically) and extending a tax return deadline decrease the chance of IRS audit. Bill has convinced Mercedes that they need to use these strategies in the future and look for other ways to avoid audit. Questions for discussion include: 1. What are the timing requirements for filing a tax return and paying taxes owed? 2. Does Bill's action likely violate any IRS regulation? 3. If Bill's action does not violate IRS rules, it is ethical?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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While conducting a fraud examination, Black, a Certified Fraud Examiner, obtained a document in 2013. Since Black obtained the document, several individuals have had it in their possession. In 2017, the document was introduced at trial. The defense objected to the admission of the document because there was no record of who had possession of the document and what they did with it. The defense’s objection is based on a failure to maintain __________. A. The evidence log. B. The relevance. C. The chain of custody. D. Who validated the evidence.
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Watch the video and share with us your thoughts about the below questions:How do you define "ethics"?If you, as an American, are doing business in a country where bribery is not illegal, or unethical, how would you justify your decision to either proceed with bribery or not proceed with using bribery?
This corporate con stated that she stole from the company because she believed it was "okay" to take the money because there wasn't any actual person she was stealing from, and it was right because she was being underpaid. According to the fraud triangle, her reasoning is most closely associated with O Availability Rationalization O Need/Motivation O Opportunity
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