Multiple Choice
Some of the factors believed to be perused in an economic-reality audit include 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 the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The IRS is now organized to:<br>A) facilitate
Q2: The National Taxpayer Advocate:<br>A) Represents the IRS
Q4: A taxpayer's return is classified for audit
Q6: In case of underpayment of taxes, if
Q7: These and other items were included as
Q8: Individual Taxpayers have around a 20% chance
Q28: The Tax Court will review a taxpayer's
Q30: Form 911 is a Request for Taxpayer
Q43: A taxpayer may be represented before the
Q61: The IRS has increased the number of