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What is the probability that a corporate tax return will be audited?
Wiki User
∙ 9y ago
The answer will depend on the tax jurisdiction. Different countries have different resources allocated for this purpose.
The answer will depend on the tax jurisdiction. Different countries have different resources allocated for this purpose.
The answer will depend on the tax jurisdiction. Different countries have different resources allocated for this purpose.
The answer will depend on the tax jurisdiction. Different countries have different resources allocated for this purpose.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe answer will depend on the tax jurisdiction. Different countries have different resources allocated for this purpose.
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Why was it so difficult for IRS to analyze the taxpayer data it had collected?
Initially, IRS data were stored in legacy systems designed to process tax return forms efficiently and organized in many different formats, including hierarchical mainframe databases, Oracle relational databases, and non-database "flat" files. The data in the older style hierarchical databases and "flat" files were nearly impossible to query and analyze and could not easily be combined with the relational data.
What refund amount represents the thirty-fifth percentile of tax returns when given an average income of 3036 and a standard deviation of 950?
Assuming a normal distribution of incomes: 2672z = ( 2672 - 3036 ) / 950 = -0.383157895Pr{z
What do the digits in Assessor's Parcel Numbers signify?
Assessor Parcel Numbers (APN) are 8 digits long. The standard formatting for the numbers is 000-000-00. The book number is the first three digits. The page number is the next two digits. Your APN can be found on your value notice or tax bill.
What is the Difference between allocation and distribution?
The difference is in the delivery of the items being apportioned. When a portion is allocated to a recipient, it is virtually reserved for that recipient - but not necessarily delivered to them and may still be held by the allocator. If the portion is distributed, then the recipient has actually received the portion that was allocated to them. This is the difference as determined under U.S. federal tax laws, as I understand it. It should be remembered that an allocation or distribution can be in both directions, i.e. even as assets can be apportioned to recipients, so debts or liabilities can be apportioned to those deemed responsible for them.
What year was alcohol first sold in fifths?
I can't tell you why, but it has been in 1/5's since 1960 A.D. at least, but they still had quarts like now. I'm guessing it had to do with laws. My thinking is the was some kind of tax on a quart, so "they" decided to sell the gallon divided by 5 to skirt the law. My M&D had a bar that opened that year, and next time I see them, I'll have to ask. My Dad knows all that odd stuff. The kind of thing where when he met a doofus, he would recommend them becoming a cooper. Nay nay, look it up Plus ca change, plus c'est la meme chose
How you claim a certain deity?
submit the receipts with your tax return. otherwise you get audited
Why do people get audited?
There are numerous reasons that people get audited. * Random selection * Their tax return falls outside normal parameters * Error in the tax return * Criminal activity, particularly those involving fraud and large money operations
is corporate travel considered a tax deductible?
Corporate travel is considered a tax deduction as long as you are on company business. You will need to keep receipts so you can prove the cost in case you would get audited after taxes are submitted.
Does Corporate Income Tax Software cover all business requirements of the I.R.S.?
Corporate Income software programs vary, of course, but they all meet the basic criteria required by the IRS. I would recommend, after initial usage, that you have your return audited by an outside firm to insure accuracy
Do i need to file a Florida state income tax return?
Florida does not have an individual state income tax. They do have a corporate income tax.
Who signs a final corporate tax return?
Depends...frequently the trustee or acting offocers.
What is a IRS form 1040?
An individual (as opposed to corporate) tax return form number
What is IRS form 1040 form?
An individual (as opposed to corporate) tax return form number
Are tax services responsible if you are audited by the IRS?
The tax preparer, like H&R Block or Jackson Hewitt, does have a responsibility to you, which is why they sign your return. But they are responsible primarily for any mistakes in their preparation - they are not liable if you misrepresented your earnings.
Where can I get help with corporate tax preparation?
There are many tax services available, both online as well as physical locations. HR Block is one that has very good reviews and offers help if you are audited too. There are also some good software options such as TaxLogic.
How long does it take to get your income tax return back after you are audited?
Have patience and wait until the IRS completes the processing of your information and make any adjustment that they determine they need to make.
Where would salaries show up on the tax return and where would distribution show up on a tax return?
What kind of tax return? I'm going to assume you mean a corporate or partnership return. Salaries should be deducted as a business expense. There is a box for "salaries" or something similar, depending on the returns. Distributions will typically only be seen on the balance sheet of the return.
