In connection with facilitating the function of the IRS in the administration of the tax laws, comment on the utility
of the following:
a. An increase in the amount of the standard deduction.
b. Dollar and percentage limitations on the deduction of personal casualty losses.
c. Availability of interest and penalties for taxpayer noncompliance.
a.
An increase in the amount of the standard deduction reduces the number of
taxpayers who choose to itemize their personal deductions. This, in turn, cuts
down on the deductions the IRS has to check.b. Limitations placed on casualty and theft losses curtail the number of taxpayers
who can claim the deduction.c. The imposition of extra penalties, in addition to the tax owed, definitely deters
taxpayer noncompliance.
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In construction, "turnkey projects" are:
a. Subdivisions that have been approved by the local authorities but not the state authorities. b. Construction projects that are ready for occupancy. c. The interior areas of subdivisions. d. Rural subdivisions.
What is the name of the national organization that provides considerable resources and educational information for all state courts?
a. The National Center for State Courts b. The Judicial Conference for State Courts c. The Judicial Center for State Courts d. The National Conference for State Courts