Which of the Following Is Not a Possible Result of an Audit

question 15

Multiple Choice

Which of the following is not a possible result of an audit by the IRS?

• A)Payment of a refund to the taxpayer
• B)Payment of a deficiency by the taxpayer
• C)An appeal
• D)No change in the liability
• E)All of the above are possible results

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Definitions:

Credit Report

A detailed report of an individual's credit history prepared by a credit bureau and used by lenders to determine creditworthiness.

Prequalification Offer

An initial offer made based on a preliminary assessment of the recipient's qualifications, often used in loan or credit applications.

Consent Order

A consent order is a legal agreement approved by a judge or regulatory authority, where parties agree to specific terms without admitting guilt or liability.

Illegal Behavior

Actions that violate laws and regulations, subjecting the perpetrator to legal penalties.