Which of the following would be an advantage to filing a protest in an IRS audit:
A) The cost involved in filing the protest.
B) Preserves the option for further litigation.
C) The protest will delay the ultimate resolve of the issue.
D) The protest will provide greater information to the taxpayer.

Question

Quizplus · Accepted Answer

Filing a protest in an IRS audit can preserve the option for further litigation, allowing the taxpayer to continue challenging the IRS's decision. The cost involved in filing the protest is not an advantage, and delaying the ultimate resolution of the issue may not be beneficial. While the protest may provide greater information to the taxpayer, this is not necessarily an advantage in itself.

Which of the Following Would Be an Advantage to Filing