2. An undervalued international exchange of appreciated property should show a larger gain.
3. Sales through export operations were underreported and revenue is understated.
4. The transfer of intangible property for stock was undervalued and results in a larger gain.
5. Investments made to another country were done through a subsidiary and not a branch and are taxable as such.
Using the Internet or Strayer databases, research the rules regarding the above types of transactions.
Write a one to two( 1-2) page paper in which you:
1. Respond to the assertions by the IRS and counter those assertions with your own. Provide support for the rationale used in the response.
2. Make a convincing argument that the information / documentation your client possesses justifies and supports the client’ s claim. Provide supporting evidence for your argument.
3. Use at least two( 2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
· Be typed, double spaced, using Times New Roman font( size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.