Question 1

Which of the following statements is the most correct regarding The Taxpayer Bill of Rights?

Accepted Answer

A) It directs taxpayers to other IRS publications with more details on specific taxpayer rights. 
B) It explains the examination, appeal, collection, and refund process. 
C) It states that a taxpayer is responsible for payment of only the correct amount of tax due, no more, no less. 
D) All of the above statements are correct. 
E) None of the above statements are correct. 
A) It directs taxpayers to other IRS publications with more details on specific taxpayer rights. 
B) It explains the examination, appeal, collection, and refund process. 
C) It states that a taxpayer is responsible for payment of only the correct amount of tax due, no more, no less. 
D) All of the above statements are correct. 
E) None of the above statements are correct.

Question 2

An "office audit" is an audit in which the revenue agent visits the taxpayer's office.

Accepted Answer

A) True 
 B)False

Question 3

Indicate in the blank space the date the statute of limitations would run out on each of the following individual tax returns.
a.​A 2014 tax return filed on April 15, 2015 which omitted $20,000 of income. The total gross income shown on the tax return was $40,000
b.A 2014 tax return filed April 15, 2015 which contained a large bad debt deduction
c.A 2000 tax return that was never filed
d.A 2014 tax return filed on April 15, 2015
e.A fraudulent 2014 tax return filed April 15, 2015

Accepted Answer

The answer of Indicate in the blank space the date...

Question 4

A taxpayer made estimated tax payments in excess of the tax due for the year, but failed to file a tax return. Since the taxes were paid in full, would there be a penalty?

Accepted Answer

The penalty for failure to fil

Question 5

Which of the following is not a type of IRS audit?

Accepted Answer

A) Office audit 
B) Field audit 
C) Correspondence audit 
D) Operational audit 
E) All of the above are types of IRS audits 
A) Office audit 
B) Field audit 
C) Correspondence audit 
D) Operational audit 
E) All of the above are types of IRS audits

Question 6

If a calendar year taxpayer's 2014 individual income tax return is mailed on June 15, 2015, the statute of limitations would normally run out on:

Accepted Answer

A) June 15, 2017 
B) June 15, 2018 
C) April 15, 2017 
D) April 15, 2018 
E) None of the above 
A) June 15, 2017 
B) June 15, 2018 
C) April 15, 2017 
D) April 15, 2018 
E) None of the above

Which of the following statements is the most correct regarding The Taxpayer Bill of Rights?

An "office audit" is an audit in which the revenue agent visits the taxpayer's office.

A taxpayer made estimated tax payments in excess of the tax due for the year, but failed to file a tax return. Since the taxes were paid in full, would there be a penalty?

Which of the following is not a type of IRS audit?

If a calendar year taxpayer's 2014 individual income tax return is mailed on June 15, 2015, the statute of limitations would normally run out on:

The Individual Income Tax Return

Gross Income and Exclusions

Business Income and Expenses, Part I

Business Income and Expenses, Part II

Itemized Deductions and Other Incentives

Credits and Special Taxes

Accounting Periods and Methods and Depreciation

Capital Gains and Losses

Withholding, Estimated Payments, and Payroll Taxes

Partnership Taxation

The Corporate Income Tax

Filters

Exam 12: Tax Administration and Tax Planning

Which of the following statements is the most correct regarding The Taxpayer Bill of Rights?

An "office audit" is an audit in which the revenue agent visits the taxpayer's office.

A taxpayer made estimated tax payments in excess of the tax due for the year, but failed to file a tax return. Since the taxes were paid in full, would there be a penalty?

Which of the following is not a type of IRS audit?

If a calendar year taxpayer's 2014 individual income tax return is mailed on June 15, 2015, the statute of limitations would normally run out on:

The Individual Income Tax Return

Gross Income and Exclusions

Business Income and Expenses, Part I

Business Income and Expenses, Part II

Itemized Deductions and Other Incentives

Credits and Special Taxes

Accounting Periods and Methods and Depreciation

Capital Gains and Losses

Withholding, Estimated Payments, and Payroll Taxes

Partnership Taxation

The Corporate Income Tax

Filters