If a Return Is Identified as Including an Unallowable Item

question 17

Multiple Choice

If a return is identified as including an unallowable item, the IRS:

• A)computes the seemingly necessary adjustment in taxes and notifies the taxpayer by mail
• B)sends a formal notice of deficiency tothe taxpayer
• C)considers the contact that it makes with a taxpayer under this circumstance tobe an examination
• D)cancels the return and asks the taxpayer tofile his return again

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Definitions:

Employment Relationship

The formal and informal relationship between an employer and an employee, defined by rights, responsibilities, and obligations.

Psychological Contract

An implicit agreement between an employee and employer that outlines the informal obligations and expectations of their professional relationship.

Exchange Of Values

The process where parties engage in transactions or interactions, each offering something of value to the other, aiming for mutual benefit.

Personal Wellness

The practice of making choices towards a healthy and fulfilling life, encompassing physical, mental, and emotional well-being.