Posted: July 28th, 2022

Explain the tax laws that support your client’s claims for deducting the travel and entertainment expenses.

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You are an accountant preparing tax returns for your client. After you file their taxes, the IRS selects your client for an audit. The IRS disputed two items deducted in the tax
returns filed by your client: travel expenses and entertainment expenses. After talking with your client, you are sure that your client is correct, and that the IRS’s position is not. You must provide a defense for the client that requires you to research the issues in order
to render an educated opinion on a course of action for your client. Note: You may create and/or make all necessary assumptions needed for the completion of this assignment.
Instructions
Part 1
Write a 2–3 page paper in which you:
Prepare a defensible strategy for your client by using the six steps in the tax research process.
Explain the tax laws that support your client’s claims for deducting the travel and entertainment expenses.
Create a fact-based argument that you plan to propose to the client as a defense of their position with the IRS.
Identify one circumstance that the IRS could use to discredit your client’s position.
Prepare a response to the IRS counter argument you identified above. Provide a rationale for how you arrived at the response.
Cite at least one reference from the IRS website or related official publications to support your argument. Note: Wikipedia and similar websites do not qualify as quality academic sources. You have access to Strayer University’s Online Library and iCampus University Library Research page.
Part 2
Write a 1–2 page letter in which you: Outline the key arguments in support of your client’s position.
Base your arguments on the fact-based research you performed in Part 1.

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