Your Client Claimed Seven Children as Dependency Exemptions on His

question 27

Multiple Choice

Your client claimed seven children as dependency exemptions on his tax return last year.You now have learned that the client only has three children,of which only two qualify as dependents.You have advised your client to amend his prior-year tax return to correct for this error,but your client has refused to do so.However,your client has agreed to only claim the proper number of dependency exemptions during the current and future years.You:

• A) Have a duty to resign and a duty to inform your client about the tax penalties associated with the commission of tax fraud
• B) Have a duty to inform the IRS about the errors in your client's prior-year return and may do so anonymously
• C) Have a duty to inform your client about tax fraud penalties, but do not have a duty to resign
• D) Have a duty to inform your client to contact an attorney to discuss the consequences of committing tax fraud, and should consider resigning

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Definitions:

HR Function

The set of responsibilities and practices within an organization focused on managing and developing its human capital, including recruitment, training, and employee welfare.

Human Resource Planning

Human resource planning involves forecasting future manpower requirements, ensuring that the organization has the right number of people and the right kind of people at the right places, at the right time, capable of effectively and efficiently completing those tasks that will help the organization achieve its overall objectives.

Strategic Partner

A strategic partner refers to an individual or organization that collaborates with another entity in a shared goal or project, bringing unique resources, capabilities, or expertise to achieve mutual benefits.