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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

In Connection with Facilitating the Function of the IRS in the Administration