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Which of the following is an example of an error which is likely to result in...

Which of the following is an example of an error which is likely to result in the issuance of an irs math error notice?
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Answer #1

The answer is option "D" - All of the above are examples of errors likely to result in math error notices.

The Tax Reform Act of 1976 expanded the definition of math errors and the new definition now includes all errors with regards to addition, subtraction, multiplication, or division shown on the return. It will also include incorrect use of IRS table if the error is apparent from the existence of other information on the return. Inconsistent entries on return is also a part of it. Next is omission of information required to be supplied on the return in order to substantiate an item on that return. Lastly it will include entry of a deduction or credit item in an amount which exceeds a statutory limit .

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