Click here to view the grading rubric. =================================================== ACC 568 Week 10 Assignment 5 Audit Letter to IRS FOR MORE CLASSES VISIT www. acc568mart. com
· Use technology and information resources to research issues in international tax planning and research.
· Write clearly and concisely about international tax planning and research using proper writing mechanics.
Click here to view the grading rubric. =================================================== ACC 568 Week 10 Assignment 5 Audit Letter to IRS FOR MORE CLASSES VISIT www. acc568mart. com
Assignment 5: Audit Letter to IRS
Due Week 10 and worth 160 points
You are a CPA working as a tax professional and have been hired by a client who comes to you with a letter from the IRS indicating that it is auditing several items on the client’ s tax return and making the following assertions:
1. The method the client used to value foreign currency exchanges is incorrect.
2. An undervalued international exchange of appreciated property should show a larger gain.