An Appeal of an IRS Decision Against You on Your

question 45

Multiple Choice

An appeal of an IRS decision against you on your tax return would be heard in:

• A)state court.
• B)tax court.
• C)Federal District Court.
• D)U.S.Court of Appeal.

---

Definitions:

Banker's Acceptance

A short-term financial instrument issued by a company that is guaranteed by a commercial bank, commonly used in international trade.

Inventory Period

The average time it takes for inventory to be sold and replaced during a given period.

Cash Disbursement

The payment of cash from a business or individual to settle obligations.

Cash Collection

The process of receiving and processing payments from customers or clients for goods or services rendered.