We're Open
+44 7340 9595 39
+44 20 3239 6980

Audit Letter to IRS

  100% Pass and No Plagiarism Guaranteed

Audit Letter to IRS

Audit Letter to IRS

You are a CPA and have been hired by a client who comes to you with a letter from the IRS indicating that it is auditing several items on client`s tax return and make the following assertions. a. the method the client used to value foreign currency exchanges is incorrect. b. an undervalued international exchange of appreciated property should show a larger gain. c. sales through export operations were under-reported and revenue under-stated. d. the transfer of intangible property for stock was undervalued and results in a larger gain. e. investments made to another country were done through a subsidiary and not a branch and are taxable as such. 1. respond to the assertions by the IRS and counter those assertions with your own. Provide support for the rationale used in the response. 2. make a convincing argument that the information/documentation your client possesses justifies and supports the client`s claim. Provide supporting evidence for your argument.
Response to IRS audit letter Name: Institution: Date: There is no prescribed valuation of foreign currency exchange rate by the IRS, but valuation method used has been applied consistently in line with the requirements of the IRS. Thus, the valuation used the prevailing market rates in translating the currencies. For instance those transactions appearing once were translated using the prevailing rate of the day and those taking place throughout the year occurred through an average currency exchange rate (Hoffman et al., 2010). In addition, the taxation of the foreign income takes into account the time of income realization. Thus, it is prudent to look into the aforementioned issues in the IRS audit report to avoid paying penalties on my part and clarify on taxation matters affecting foreign business operations. Taxation ...

100% Plagiarism Free & Custom Written,
Tailored to your instructions

International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120

100% Pass Guarantee


View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates


  • Title: Audit Letter to IRS
  • Price: £ 99
  • Post Date: 2021-09-29T07:14:28+00:00
  • Category: Essays
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

Audit Letter to IRS Audit Letter to IRS
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

I ordered the literature review for my research project in rush delivery. I was not expecting that they would complete my order 2 hours before my chosen time. The quality is also nice. Thank you for help.
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

I was worried about the plagiarism ration in my dissertation. But thanks to my dedicated writer, I received 0% plagiarism in all the chapters. I owe my writer a million thanks..!