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250-350 Words

Assignment 5: Estate Tax Audit Letter to IRS
Due Week 10 and worth 150 points
The executor of a deceased client’s estate comes to you with a letter from   the IRS indicating that they are auditing a large property valuation claim   that was made on the estate return. The IRS is claiming that the property was   undervalued at the time of death.
Using the Internet or Strayer databases, research the rules regarding the   valuation of property for a decedent’s estate.
Write a one to two (1-2) page letter in which you:
1.Respond to the assertions by the IRS and counter those assertions with your   own.
2.Make a convincing argument that the information/documentation your client   possesses justifies and supports the valuation claim.
Your assignment must follow these formatting requirements:
•Be typed, double spaced, using Times New Roman font (size 12), with one-inch   margins on all sides; citations and references must follow APA or   school-specific format. Check with your professor for any additional   instructions.
•Include a cover page containing the title of the assignment, the student’s   name, the professor’s name, the course title, and the date. The cover page   and the reference page are not included in the required assignment page   length.
The specific course learning outcomes associated with this assignment are:
•Analyze tax issues regarding the gift tax and the estate tax.
•Analyze tax issues regarding trusts and estates.
•Create strategies to respond to administrative notices, audits, or levies and   liens.
•Use technology and information resources to research issues in   organizational tax research and planning.
•Write clearly and concisely about organizational tax research and planning   using proper writing mechanics. 12

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