During an Audit, the IRS Might Require That the Taxpayer

question 41

Short Answer

During an audit, the IRS might require that the taxpayer produce the that underlie the tax return data.

---

Definitions:

Draft

A preliminary version of a piece of writing, document, plan, or design that may be subject to further revision.

Transfer Warranties

Guarantees made concerning the condition or legal status of goods at the time of their transfer to a new owner.

Discharged

The completion or termination of an obligation such as a debt or legal duty.

Liability

The state of being legally responsible for something, particularly in terms of debts or legal actions.