21Jan 2022 by
Answer the following discussion questions
Discuss three everyday
decisions you face that taxes may influence.
When the IRS has data
suggesting that a taxpayer’s return is very likely to have understated tax
liability, that taxpayer’s return may be selected for an audit.
What are some things (transactions, deductions, etc.) that
may trigger an IRS audit?
What can taxpayers do to help protect themselves if they
were chosen for an audit?