Multiple Choice
Some of the factors believed to be perused in an economic-reality audit include the which of the following?
A) significant increases in interest, dividend, and other investment income
B) significant decreases in mortgage and other reportable interest paid
C) significant variance in self-employment or farming income during the period relative to industry norms
D) all of these are correct
Correct Answer:

Verified
Correct Answer:
Verified
Q14: What is the formula that assigns numeric weights tocertain
Q17: If a return is identified as including
Q19: In cases where an IRS examiner questions
Q22: A Form 911 is filed by the
Q27: A field audit by the IRS is
Q32: A statutory notice of deficiency is alsoknown
Q33: Economic-reality factors are considered by the IRS
Q41: What are the major duties of the
Q44: The IRS Oversight Board:<br>A)has the authority to
Q49: Enumerate how the IRS conducts a field