Explore BrainMass

Explore BrainMass

    Thoughts on how uncertainty could affect taxpayers

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Do anyone have any thoughts on how uncertainty could affect some taxpayers?

    © BrainMass Inc. brainmass.com June 3, 2020, 11:05 pm ad1c9bdddf
    https://brainmass.com/business/accounting/thoughts-uncertainty-affect-taxpayers-262830

    Solution Preview

    Uncertainty has been used successfully by the IRS for many years. By not publishing their audit guidelines and manuals, the IRS has managed to leave enough uncertainty about the selection process to encourage taxpayer compliance with rules and regulations.

    If the IRS were to publish the exact guidelines for audit selection including the tolerance ...

    Solution Summary

    The 168 word, cited solution explains the current tactics of the IRS to maintain a level of uncertainty regarding audit selection criteria, and how uncertainty works to the benefit of the IRS.

    $2.19

    ADVERTISEMENT