85. Which of the following taxreturn preparers must file federalincome tax returns electronically?(Search Chapter 8)O a. Bob, who provides taxassistance under the VolunteerIncome Tax Assistance programO b. Ellen, who prepares a return ofthe employer by whom she isemployedO c. Peter, a tax return preparerwho expects to file 20 individualincome tax returnsOd. Lynn, who prepares 20 taxreturns as a fiduciary

A tax return is must for all the persons who has the income earned for the year which has crossed…

Answered: 85. Which of the following tax return…

Business

Accounting

85. Which of the following tax return preparers must file federal income tax returns electronically?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 67IIP

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Concept explainers

Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.

Question

85. Which of the following tax
return preparers must file federal
income tax returns electronically?
(Search Chapter 8)
O a. Bob, who provides tax
assistance under the Volunteer
Income Tax Assistance program
O b. Ellen, who prepares a return of
the employer by whom she is
employed
O c. Peter, a tax return preparer
who expects to file 20 individual
income tax returns
Od. Lynn, who prepares 20 tax
returns as a fiduciary

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