A Tax Client Wishing to Defer Income He Earned This

question 45

True/False

A tax client wishing to defer income he earned this year asks his accountant to misstate information on his tax return.If the accountant does so,she may be subject to fines and up to five years in prison.

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Definitions:

Oliver North

A former United States Marine Corps officer who was involved in the Iran-Contra Affair, a political scandal involving the secret sale of weapons to Iran and the diversion of funds to support Contra rebels in Nicaragua.

Yasir Arafat

A Palestinian political leader and the chairman of the Palestine Liberation Organization (PLO) from 1969 until his death in 2004, who played a central role in the Palestinian liberation movement.

Palestine Liberation Organization

A political and militant organization founded in 1964, claiming to represent the world's Palestinian people in their struggle for an independent state.

Terrorism

The use of violence and intimidation, especially against civilians, in the pursuit of political aims.