______ 6. A transaction for which there is no legitimate business purpose is automatically assessed a 50% penalty.
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Q9: _ 3. The statute of limitations for
Q10: _ 1.The Internal Revenue Service is part
Q10: _ 16. A letter ruling can only
Q11: _ 10. If a firm's discount rate
Q13: _ 9. Only CPAs, Enrolled Agents, and
Q15: _ 12. Legal income shifting includes shifting
Q16: _ 5. Tax avoidance is the minimization
Q17: _ 14. The business purpose doctrine requires
Q18: _ 20. A memo to file for
Q19: _ 19. The Golsen rule requires the
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