In which of the following circumstances would a tax return preparer be prohibited from disclosing a client's tax return information?

A. The information will be needed for a peer review.
B. The information will be provided in response to a court order.
C. The information will be provided to a section 501(c)(3) charity.
D. The information will be used to prepare state or local tax returns.

Asnwer: C. The information will be provided to a section 501(c)(3) charity.

Business

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On Yap Island, in the Pacific Ocean, early inhabitants used large limestone disks, known as Rai stones, as money. Some of these disks weighed as much as a car! Everyone agreed that the stones were valuable and the people utilized them in much the same way we use money today. The weight of the stones and the fact that a Rai stone is difficult to split into smaller denominations would make Rai stones unfit to act as money today because Rai stones could not act as a ________.

Fill in the blank(s) with correct word

Business

A global fast-food chain started offering action figures and other toys for children in an attempt to gain an edge over a rival fast-food chain of similar size. Which of the following best describes this approach to gain an advantage?

A) locating substitutes and alternatives for scarce supplies B) showing that one's product is essential to successful operation C) introducing new products and services in order to reduce intensity of rivalry D) demonstrating the functional superiority of one's product over rival products

Business