Why the irs audits certain returns is extremely important

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Reference no: EM131697802

Discussion

Knowing how the IRS operates, and how and why the IRS audits certain returns, is extremely important to tax practitioners. There are many tax penalties that apply to taxpayers and tax preparers. Explain the following penalties:

• Failure to File
• Failure to Pay
• Accuracy-Related Penalty
• Fraud Penalty

As a secondary topic, you may choose to include a discussion of the role that the IRS will take in the enforcement of the Affordable Care Act.

You can use the www.irs.gov website or your textbooks from AC256 and AC430 as references. Additionally, any scholarly, peer-reviewed journal article or source is acceptable as reference material. But be sure to properly cite any source included in your Discussion.

Reference no: EM131697802

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