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Solution Manual For Federal Tax Research, 13th Edition by Roby Sawyers, Steven Gill, Verified Chapters 1 - 13, Complete Newest Version $15.49   Add to cart

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Solution Manual For Federal Tax Research, 13th Edition by Roby Sawyers, Steven Gill, Verified Chapters 1 - 13, Complete Newest Version

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Solution Manual For Federal Tax Research, 13th Edition by Roby Sawyers, Steven Gill, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Federal Tax Research, 13th Edition by Roby Sawyers, Steven Gill, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Federal T...

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  • September 29, 2024
  • 254
  • 2024/2025
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  • 9780357988411
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  • Solution Manual Federal Tax Research, 13e
  • Solution Manual Federal Tax Research, 13e
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FederaldTaxdResearch,d12thdEditio Paged1-1
n
Solution Manual Federal Tax Research 12th Edition by Roby Sawyers, Steven Gill


CHAPTERd1
INTRODUCTIONdTOdTAXdPRACTICEdANDdETHICS



DISCUSSIONdQUESTIONS


1-1.
IndthedUniteddStates,dthedtaxdsystemdisdandoutgrowthdofdthedfollowingdfiveddisciplines:
dlaw,daccounting,deconomics,dpoliticaldscience,danddsociology.dThedenvironmentdfordthedtaxdsy
stemdisdprovideddbydthedprinciplesdofdeconomics,dsociology,danddpoliticaldscience,dwhiledthedle
galdanddaccountingdfieldsdaredresponsibledford thedsystem‘sdinterpretationd anddapplication.


Eachdofdtheseddisciplinesdaffectsdthisdcountry‘sdtaxdsystemdindaduniquedway.dEconomistsdaddre
ssdsuchdissuesdasdhowdproposeddtaxdlegislationdwilldaffectdthedratedofdinflationdordeconomicdgro
wth.dMeasurementdofdthedsocialdequitydofdadtaxdandddeterminingdwhetherdadtaxdsystemddiscrimi
natesdagainstdcertaindtaxpayersdaredissuesdthatdaredexamineddbydsociologistsdanddpoliticaldscien
tists.
Finally,dattorneysdaredresponsibledfordthedinterpretationdofdthedtaxationdstatutes,danddaccountant
sdensuredthatdthesedsamedstatutesdaredapplieddconsistently.


Paged4


1-2. Thedotherdmajordcategoriesdofdtaxdpracticedindadditiondtodtaxdresearchdaredasdfollows:


 Taxdcompliance
 Taxdplanning
 Taxdlitigatio


ndPaged5


1-3.
Taxdcompliancedconsistsdofdgatheringdpertinentdinformation,devaluatingdanddclassifying
dthatdinformation,danddfilingdanydnecessarydtaxdreturns.dCompliancedalsodincludesdotherdfuncti
onsdnecessarydtodsatisfydgovernmentaldrequirements,dsuchdasdrepresentingdadclientdduringdandIn
ternaldRevenuedServiced(IRS)daudit.

,Paged1-2 SOLUTIONSdMANUAL



Paged5


1-4.
Mostdofdthedtaxdcompliancedworkdisdperformeddbydcommercialdtaxdpreparers,denrolledd
agentsd(EAs),dattorneys,danddcertifieddpublicdaccountantsd(CPAs).dNoncomplexdindividual,dpar
tnership,danddcorporatedtaxdreturnsdoftendaredcompleteddbydcommercialdtaxdpreparers.dThedprep
arationdofdmoredcomplexdreturnsdusuallydisdperformeddbydEAs,dattorneys,danddCPAs.dThedlatter
dgroupsdalsodprovidedtaxdplanningdservicesdanddrepresentdtheirdclientsdbeforedthedIRS.


AndEAdisdonedwhodisdadmitteddtodpracticedbeforedthedIRSdbydpassingdadspecialdIRS-
administereddexamination,dordwhodhasdworkeddfordthedIRSdfordfivedyearsdanddisdissueddadpermitdt
odrepresentdclientsdbeforedthedIRS.dCPAsdanddattorneysdarednotdrequireddtodtakedthisdexaminationd
anddaredautomaticallydadmitteddtodpracticedbeforedthedIRSdifdtheydaredindgooddstandingdwithdtheda
ppropriatedprofessionaldlicensingdboard.


Paged5danddCirculard230




1-5.
Taxdplanningdisdthedprocessdofdarrangingdone‘sdfinancialdaffairsdtodminimizedanydtaxdliabil
ity.dMuchdofdmoderndtaxdpracticedcentersdarounddthisdprocess,danddthedresultingdoutcomedisdtaxdav
oidance.
Theredisdnothingdillegaldordimmoraldindthedavoidancedofdtaxationdasdlongdasdthedtaxpayerdremainsd
withindlegaldbounds.dIndcontrast,dtaxdevasiondconstitutesdthedillegaldnonpaymentdofdadtaxdanddcann
otdbedcondoned.dActivitiesdofdthisdsortdclearlydviolatedexistingdlegaldconstraintsdanddfalldoutsidedofd
theddomaindofdthedprofessionaldtaxdpractitioner.


Paged6


1-6.
Indandopendtaxdplanningdsituation,dthedtransactiondisdnotdyetdcomplete;dtherefore,dthedtaxdp
ractitionerdmaintainsdsomeddegreedofdcontroldoverdthedpotentialdtaxdliability,danddthedtransactiondm
aydbedmodi-
dfieddtodachievedadmoredfavorabledtaxdtreatment.dIndadcloseddtransactiondhowever,dalldofdthedpertin
entdactionsdhavedbeendcompleted,danddtaxdplanningdactivitiesdmaydbedlimiteddtodthedpresentationdof
dthedsituationdtodthedgovernmentdindthedmostdlegallydadvantageousd mannerd possible.

,FederaldTaxdResearch,d12thdEditio Paged1-3
n
Paged6


1-7.
TaxdlitigationdisdthedprocessdofdsettlingdaddisputedwithdthedIRSdindadcourtdofdlaw.dTypic
ally,dadtaxdattorneydhandlesdtaxdlitigationdthatdprogressesdbeyonddthedfinaldIRSdappeal.


Paged6


1-8. CPAsdservedisdadsupportdcapacitydindtaxdlitigation.


Paged6


1-9.
Taxdresearchdconsistsdofdthedresolutiondofdunanswereddtaxationdquestions.d Thedtaxdresearc
hdprocessdincludesdthedfollowing:


1. Identificationdofdpertinentdissues;
2. Specificationdofdproperdauthorities;
3. Evaluationdofdthedproprietydofdauthorities;dand,
4. Applicationdofdauthoritiesdtodadspecificdsituation.


Paged6


1-10.


Circulard230disdissueddbydthedTreasurydDepartmentdanddappliesdtodalldwhodpracticedbefor


edthedIRS.dPaged7


1-11.
IndadditiondtodCirculard230,dCPAsdmustdfollowdthedAICPA‘sdCodedofdProfessionaldCo
nductdanddStatementsdondStandardsdfordTaxdServices.dCPAsdmustdalsodabidedbydthedrulesdofdth
edappropriatedstatedboard(s)dofdaccountancy.


Paged7


1-12. Adreturndpreparerdmustdobtaind18dhoursdofdcontinuingdeducationdfromdandIRS-
approveddCEdProvider.dThedhoursdmustdincludedad6dcreditdhourdAnnualdFederaldTaxdRefresherdco
ursed(AFTR)dthatdcoversdfilingdseasondissuesdanddtaxdlawdupdates.dThedAFTRdcoursedmustdinclud
edadknowledge-

, Paged1-4 SOLUTIONSdMANUAL
baseddcomprehensiondtestdadministereddatdthedconclusiond ofdthedcoursedbydthedCEdProvider.
d

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