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What is the purpose of installing the comb? - ANSWERSTo create a well or pockets in the gel where samples can later be placed. Why is ethidium bromide added at this step? - ANSWERSEthidium Bromide is needed to see the DNA bands in the gel under UV illumination. Why is it important to pour slowly and avoid air bubbles? - ANSWERSSuch bubbles would interfere with the movement of the sample through the gel, distorting the results. What could happen if you do not get a new tip to load each s...

Which form of business entity is not a legal entity separate and apart from its owner? A. Corporation B. Partnership C. Sole proprietorship D. S corporation - ANSWERC Under which circumstance is an entity required to apply for a new employer identification number? A. Proprietorship that incorporates B. Business name change C. Electing or revoking S corp status D. 50% change of interest in partnership within 12 months. - ANSWERA LLC's may be an attractive small business alterna...

How long should a preparer keep written consents due to conflict of interest - ANSWER36 Months Where are the proceedings for disbarment of an enrolled agent held? - ANSWERAt a time and place set by an Administrative Law Judge. If a peparer takes an Annual Federal Tax Refresher (AFTR) course from an approved IRS Continuing Education Provider. Does it count as CE credits towards an EA or AFSP - ANSWERNo, Due to the high level of knowledge required of Enrolled Agents (EAs), this basic level ...

Gross Income - ANSWERall income from trade or business Recovery of previously deducted bad debt expense - ANSWERincluded in gross income to the extent that prior deduction reduced taxes prepaid income - ANSWER- generally included in year of receipt - accrual basis can defer recognition until time of performance for up to 1 year discharge of debt - ANSWER- generally recognized as income - not recognized to extent the payment would've been a deducted self employment income - ANSWERn...

basis - ANSWERAB of property given + Gain recognized + Boot given (cash, liability incurred, other property) - Boot received (cash, liability relief, other property) + Exchange fees incurred - Loss recognized (boot given) ___________________________________________________ = Basis in acquired property IRS consent is not required for the following changes: - ANSWERAdopting LIFO inventory valuation Switching to LIFO inventory requires IRS consent. Form 970, Application to Use LIFO Inve...

Taxpayer Advocate Service - ANSWERA taxpayer can request Taxpayer Advocate Service Assistance on Form 911 and must indicate one or more of the following reasons: -he is experiencing economic harm or is about to suffer economic harm -he is facing an immediate threat of adverse action -he will suffer irreparable injury or long-term adverse impact if relief is not granted -he will incur significant costs of relief is not granted (including fees for professional representation) -he has experi...

Discriminant Function System Assigns a score to each tax return that represents the probability the tax liability on the return has been underreported Document Perfection Program A program under which all tax returns are checked for mathematical and tax calculation errors. Information Matching Program A program that compares the taxpayer's tax return to information submitted to the IRS from other taxpayers Correspondence Examinations Most common audit Conducted by mail and are generally lim...

1. Daniella is a tax professional who prepares hundreds of tax returns each year. As such, she is subject to the e-file mandate. She has a new client, Fernando, who refuses to e-file his tax return. What is the proper action for Daniella to take in this case? A. If her client refuses to e-file, Daniella must decline the engagement. B. She must refer Fernando to a different tax return preparer. C. She can prepare Fernando's return on paper and attach Form 8948. D. She should encourage Fe...

Financial Institutions - ANSWERan establishment that focuses on dealing with financial transactions, such as investments, loans and deposits Roles of Financial Institutions - ANSWERProvide financing that drives economic growth by Move funds from savers to borrowers (Lending). If lending is curtailed, businesses cannot finance operations or invest in new projects. This leads to unemployment which leads to decreased spending, and greater negative impact on business Types of Financial Insti...

what is anatomy - ANSWERstudy of structres cytology - ANSWERstudy of cells histology - ANSWERstudy of tissues what is physiology - ANSWERstudy of function levels of organization - ANSWERchemical level (blocks of life) organelles and cells tissues organs systems you what are some life functions - ANSWERcreate movement growth excretion metabolism is water a reactive medium - ANSWERyes homeostasis cycle - ANSWERchange in stimulus, receptor detects and monitors change, i...