Which of the following is CORRECT with respect toa file memo?
A)It should include only the strengths of the client's position.
B)It should include a list of the tax issues that are in dispute and a matching conclusion for each identified issue.
C)It should be prepared only in closed-fact situations.
D)All of these are correct.

Question

Quizplus · Accepted Answer

A file memo, especially in legal or tax contexts, should indeed include a list of the disputed tax issues and provide a conclusion or analysis for each identified issue. This helps in organizing the case and preparing for potential arguments or resolutions. Options A and C are incorrect because a comprehensive memo should also consider weaknesses or potential challenges to the client's position, not just the strengths, and it can be prepared in both open and closed-fact situations to document the current understanding and analysis of the case.

Which of the Following Is CORRECT with Respect Toa File