When a Person's Net Cash Flow Exceeds His or Her

question 17

Multiple Choice

When a person's net cash flow exceeds his or her reported taxable income,the IRS:

• A) Has an automated system that identifies a taxpayer as a possible tax cheater
• B) Presumes, upon examination, that the taxpayer is underreporting his or her income
• C) Conclusively recognizes that the taxpayer is underreporting his or her income
• D) Conclusively recognizes that the taxpayer has underreported both income and tax payments

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