Question

1. Ralph and Diane Hearst have been notified that they are being audited. What should they do to prepare for the audit? (10 points)

Submit a response to the following (20 points):

2. Create a list of the deductions that you are eligible for this year, those that might apply in your financial planning timeline 5 years from now, and those that might apply 10 years from now. How can awareness of your eligibility for deductions impact your long-term financial planning?

Answer 1

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