If the IRS Requests Information During the Course of an Audit,the

question 15

True/False

If the IRS requests information during the course of an audit,the taxpayer has the right to know how the information will be used.

---

Definitions:

Federal Income Tax

A fiscal duty assessed by the federal authority on the annual revenues of people, firms, trusts, and assorted legal entities.

FICA Rate

The total percentage of Social Security and Medicare taxes that must be paid by both employees and employers under the Federal Insurance Contributions Act.

Workers' Compensation Insurance

Insurance that provides wage replacement and medical benefits to employees injured in the course of employment.

Job-Related Injury

An injury or illness that occurs as a direct result of duties performed on the job, potentially eligible for worker's compensation benefits.