Ask Question
BusinessBusiness
7 December, 02:23

You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable. A. True B. False

+4
Answers (1)
  1. 7 December, 02:38
    0
    The correct answer is letter "A": True.

    Explanation:

    The Internal Service Revenue (IRS) offers Volunteer Income Tax Assistance (VITA) for elderly people who do not know how to file taxes on their own. The volunteers follow a series of practices during the interview with the taxpayers to gather their taxable information accurately. The principle of Due Diligence allows volunteers to ask for clarification when the taxpayer information seems unclear or inconsistent. However, if the information is not unusual, there is no need to request proof of it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable. A. True B. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When the march of dimes reinvented itself, changing its focus from polio to prevention of birth defects, this is an example of which problem associated with organizations?
Answers (1)
In December, Textra Motors produced 16,600 customized SUVs at its plant in New Mexico. The labor productivity at this plant is known to have been 0.18 SUV per labor-hour during that moth. 540 laborers were employed at the plant that month.
Answers (1)
Carla Vista Co. had these transactions during the current period. June 12 Issued 83,000 shares of $1 par value common stock for cash of $311,250. July 11 Issued 4,300 shares of $103 par value preferred stock for cash at $107 per share. Nov.
Answers (1)
A company that uses a job order costing system would make the following entry to record the flow of direct materials into production:a. debit Work in Process Inventory, credit Cost of Goods Sold. b.
Answers (1)
Assume that a company announces an unexpectedly large cash dividend to its shareholders. In an efficient market without information leakage, one might expect: a) An abnormal price change at the announcement.
Answers (1)
New Questions in Business
7. Allowance, a paycheck, gifts, and gains from an investment are examples of A. income B. expenses C. wealth D. philanthropy the answer is a
Answers (1)
Price discrimination prevents a monopolist from charging any price it would like to charge for a particular good?
Answers (1)
Type: Telephone interview Select the best answer choice. a. Rick James: Contacted via telephone, September 17, 1984 b. Telephone interview: conducted 17 September 1984. Rick James c. James, Rick. Telephone Interview. 17 September 1984 d.
Answers (1)
The least efficient of all the different types of secondary markets is the
Answers (1)
Mr. Hobbes Bed & Breakfast is considering the replacement of some old equipment. The new equipment will cost $86,000 including delivery and installation.
Answers (1)
Home » Business » You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable. A. True B. False
Sign Up Forgot Password?