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Author Question: Based on the case Orellana v. Commissioner, which of the following is a possible method used by the ... (Read 41 times)

jon_i

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on: Aug 3, 2018
Based on the case Orellana v. Commissioner, which of the following is a possible method used by the Internal Revenue Service to reconstruct a taxpayer's income?
 
  a. subpoena of bank deposits
  b. subpoena of PayPal records
  c. taxpayer records
  d. all of the above

Question 2

What is the major difference between a modification and a counteroffer?
 
  What will be an ideal response?


yotaSR5

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Reply #1 on: Aug 3, 2018
Answer to Question 1

d

Answer to Question 2

A counteroffer is made during the formative stages of the contract, before a contract actually exists. A modification occurs after the contract is already in force.


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