Regardless of whether the straight-line method or the effective interest method is used, the carrying value of a term bond issued at a discount will decrease continually over the life of the bond

When must a tax return preparer provide a copy of a tax return to a taxpayer?

A. Within 45 days after the return is filed, including extensions. B. Within 48 hours after the taxpayer requests a copy of the tax return. C. Not later than the time the original return is presented to the taxpayer for signature. D. None of the answers are correct.

The profit a seller makes at auction is a function of all of the following except:

A) initial pricing B) auction length. C) the number of units for auction. D) watch lists.