R4

Question 1

If a CPA negligently gives an audit opinion, who are they liable to?

Answer 1

ANY KNOWN THIRD PARTY CLASS WHO WILL RELY ON THE OPINION

Question 2

If a taxpayer is given a 90 day letter, what are their options?

Answer 2

PAY THE TAX; PETITION WITH US TAX COURT

Question 3

Are political contributions considered charitable contributions?

Answer 3

NO