Description Please second part of the project:Prepare an audit plana. Prepare a list of twelve (12) deductions shown on the return that you want to audit. For each of these deductions that you list, provide a one or two sentences for each explaining why you have identified the deduction. In other words, explain why you feel there is a possibility the deduction may be improper/non-deductible, excessive/not reasonable, etc. b.Prepare a list of five (5) income items shown on the return that you plan ask about during your interview of the taxpayer or his representative.For each item, explain in one or two sentences why you selected these items and what inferences you are drawing from the amount of income, from the manner in which it is reported, from the label that is placed on it, from the category of income it falls under, etc Tags: Income Tax Federal income tax self employment tax home mortgage interest Taxable Interest User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

Description

Please second part of the project:Prepare an audit plana. Prepare a list of twelve (12) deductions shown on the return that you want to audit. For each of these deductions that you list, provide a one or two sentences for each explaining why you have identified the deduction. In other words, explain why you feel there is a possibility the deduction may be improper/non-deductible, excessive/not reasonable, etc. b.Prepare a list of five (5) income items shown on the return that you plan ask about during your interview of the taxpayer or his representative.For each item, explain in one or two sentences why you selected these items and what inferences you are drawing from the amount of income, from the manner in which it is reported, from the label that is placed on it, from the category of income it falls under, etc

Tags:
Income Tax

Federal income tax

self employment tax

home mortgage interest

Taxable Interest

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.