Question 2 of 10. most accurately states your responsibilities as a tax preparer? Advise...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Question of most accurately states your responsibilities as a tax preparer? Advise Harmon that: You will have to contact the IRS about his failure to report income. Because he was paid in cash, he does not have to report those wages because the IRS will never know about them. If the IRS has not investigated him before, they will probably not do so now. He should report his cash wages and file prioryear returns and explain the consequences for failure to do so Mark for follow up 
Question of
most accurately states your responsibilities as a tax preparer? Advise Harmon that:
You will have to contact the IRS about his failure to report income.
Because he was paid in cash, he does not have to report those wages because the IRS will never know about them.
If the IRS has not investigated him before, they will probably not do so now.
He should report his cash wages and file prioryear returns and explain the consequences for failure to do so
Mark for follow up
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.