Which Type of Tax Expert Would Be of Most Value

question 39

Multiple Choice

Which type of tax expert would be of most value when you have a difference of opinion with the tax department?

• A)an enrolled agent
• B)a nationally-chartered tax preparer
• C)a CA
• D)a tax accountant
• E)a tax attorney

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Definitions:

Disadvantages

Refers to the negative aspects or downsides that are associated with a particular decision, action, or scenario.

Limited Liability Company

A form of business organization that combines the taxation approach of a sole proprietorship or partnership with the limited liability aspect of a corporation.

Personal Liability

The legal responsibility of an individual to personally satisfy debts or liabilities incurred, including those arising from actions taken in a professional capacity.

Capital Investment

Funds invested in a business for the purposes of further growth, operational development, or acquisition of long-term assets.