Analyze penalties-interest and ethical considerations

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Reference no: EM131284717

Risk Analysis: Analyze penalties, interest, and ethical considerations that might impact the client using the following scenarios. Keep layman’s terms in mind as you word the results of your analysis supported by appropriate IRS Code and Regulations.

A. The client did not have enough cash on hand to fund gift tax or income tax incurred from an estate strategy

B. The client encouraged his friend to prepare an inaccurate appraisal.

Reference no: EM131284717

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