1. Discussion Topic: “Criminal Fraud versus Civil Fraud”A situation in which a client under audit by the IRS omitted $100,000 in income. From the e-Activity, examine the major factors relative to the omission by the client that would result in a criminal investigation rather than a civil fraud proposal by the IRS. See the attach file.2. Assignment help: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax.You are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his grandchildren. He wants the income from the trust paid to the children for 20 years and etc….. See the attach file below.
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Criminal Fraud versus Civil Fraud”

Use the Internet or Strayer Library to research civil fraud tax cases and criminal fraud
prosecutions by the IRS.

Imagine a situation in which a client under audit by the IRS omitted $100,000 in income. From
the e-Activity, examine the major factors relative to the omission by the client that would result
in a criminal investigation rather than a civil fraud proposal by the IRS. Based on the guidance in
Circular 230, speculate as to which provision the CPA violated and the extent of any sanctions
for CPA for not detecting the omission.
Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax
Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust
for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and
the principal distributed to the children at the end of twenty (20) years.
Use the Internet and Strayer Library to research the rules regarding irrevocable trusts, gift tax, and
estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in
Appendix A of your textbook as a guide for your written response.
Write a two page letter in which you:
1. Analyze the effect of an irrevocable trust on the gift tax and future estate taxes.
2. Suggest other significant alternatives that the client could use both to reduce estate tax and to
maximize potential advantages of the payment of gift taxes on transfers of property.
3. Use the six (6) step tax research process, located in Chapter 1 and demonstrated in Appendix A
of the textbook, to record your research for communications to the client.
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:

Create client, internal, and administrative documents that appropriately convey the results of
tax research and planning.

Analyze and research tax issues regarding trusts and estate and gift tax.

Create an approach to tax research that results in credible and current resources.

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