Discussion Question


Feel free to answer questions if you can help a classmate.  Do not worry about providing an incorrect answer.  The professor reviews all questions asked and answers provided by students, and makes corrections where necessary.
Hi Class,

Don't use plagiarized sources. Get Your Custom Essay on
Discussion Question
Just from $13/Page
Order Essay

You are currently being registered this week to gain access to the Rogers CPA content.  If you have any questions related to Rogers CPA, please come to me as your professor and not Rogers CPA directly.  Thank you.  For the week 1 homework, please complete the following:

For REG – Section 11, please answer the following questions in a Word document.  While the “answers” are already given in RogersCPA in Lecture 11.05, I want you to use your own words to give an appropriate answer.  Do not plagiarize the answer in Lecture 11.05.  Your answer to each question should be approximately 1 paragraph (minimum 5 sentences).  If you have any questions, please let me know.

1.  Kopel was engaged to prepare Raff’s 20×9 federal income tax return. During the tax preparation interview, Raff told Kopel that he paid $3,000 in property taxes in 20×9. Actually, Raff’s property taxes amounted to only $600. Based on Raff’s word, Kopel had no reason to believe that the information was incorrect. Kopel did not request underlying documentation and was reasonably satisfied by Raff’s representation that Raff had adequate records to support the deduction. Is Kopel subject to the preparer penalty for willful understatement of tax liability? Explain.
2.  A tax preparer has advised a company to take a position on its tax return. The tax preparer believes that there is a 75% possibility that the position will be sustained if audited by the IRS. If the position is not sustained, an accuracy-related penalty and a late-payment penalty would apply. What is the tax preparer’s responsibility regarding disclosure of the penalty to the company?
3. Lin, CPA, is auditing the financial statements of Exchange Corporation under the Federal Securities Exchange Act of 1934. He detects what he believes are probable material illegal acts. What is his duty under the Private Securities Litigation Reform Act?

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code THANKYOU