2024 – ACCT 324 Federal Tax Accounting I Week 1 Discussion Question 1 What is

ACCT 324 Federal Tax Accounting I

 

Week 1 Discussion Question 1

What is meant by the terms tax avoidance and tax evasion? Is there a difference between the two? Why should one be legal and the other illegal? 

 

Week 1 Discussion Question 2

A client comes to your tax firm. She asks you to research a tax issue and advise her on how to reduce her exposure to an IRS audit. What resources would you use in your research, and what would your advice be? 

 

Week 1 Quiz

1          Question :        (TCO 1) Which, if any, of the following would tend to decrease the ad valorem tax on real estate?

 2.        Question :        (TCO 1) Characteristics of a national sales tax include:

 3.        Question :        (TCO 1) Which statement is FALSE with respect to tax treaties?

 4.        Question :        (TCO 8) State income taxes generally can be characterized by:

 5.        Question :        (TCO 8) Which, if any, of the following items is a deduction for AGI?

 6.        Question :        (TCO 8) In 2011, Barney had the following transactions:

 7.        Question :        (TCO 8) Which, if any, of the following statements does NOT correctly describe the “kiddie tax”?

 8.        Question :        (TCO 9) What are pitfalls in interpreting the Internal Revenue Code?

 9.        Question :        (TCO 11) Which of the following indicates that a decision has precedential value for future cases?

10.      Question :        (TCO 12) Which of the following is characteristic of the IRS audit procedure?