Melinda Has Been Referred to You by One of Your

question 205

Essay

Melinda has been referred to you by one of your clients. In the past, she has prepared her own income tax returns, but she has become overwhelmed by the increased complexity of the tax law. Consequently, Melinda wants you to prepare her return for calendar year 2019. In reviewing her 2018 return, you note that she has claimed as a deduction the entire cost of a business building that should have been capitalized and depreciated. What course of action should you follow?

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Definitions:

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony results in an irrational or dysfunctional decision-making outcome.

Watergate

A major political scandal in the United States involving the administration of President Richard Nixon that led to his resignation.

Bay Of Pigs

The site of an unsuccessful attempted invasion of Cuba by Cuban exiles, sponsored by the U.S. government, in April 1961.