Sian, an accountant, prepares a tax return for a client, Toy Sales Company. Vita, who is not an accountant, prepares a tax return for Wu's business, Xtra Delivery Service. Is an accountant who prepares a tax return for a client liable for any false statements in the return? Is a person who is not an accountant and who prepares a tax return for someone else liable for any false statements in the return?
What will be an ideal response?
Yes, in both cases. Aiding or assisting in the preparation of a false tax return and understating a client's tax liability are both crimes under the Internal Revenue Code. Liability does not depend on a person's professional or nonprofessional status.
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A. 24 B. 4 C. 16 D. 12 E. 8
Which of the following is true of service marketers?
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If D1 = $1.25, g (which is constant) = 4.7%, and P0 = $26.00, what is the stock's expected dividend yield for the coming year?
A. 4.12% B. 4.34% C. 4.57% D. 4.81% E. 5.05%
______________________________ helps to solve the problem posed by single key cryptography by employing a pair of matched keys for each system user, one private (i.e., known only to the party who possesses it) and one public.
Fill in the blank(s) with the appropriate word(s).