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SARAN San Diego Regulatory Affairs NetworkREGULATORY AFFAIRS CERTIFICATION (RAC) EXAMINATION 2010 Study Groups exam Expenses Reimbursement Program Offered by the San Diego Regulatory Affairs Network
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RAC examination is a Revenue Agent's Report (RAC) examination conducted by the IRS to review a taxpayer's financial records for accuracy and compliance.
Taxpayers who are selected for examination by the IRS are required to file a RAC examination.
Taxpayers must provide all requested financial information and documentation to the IRS in order to fill out the RAC examination.
The purpose of RAC examination is to ensure that taxpayers are accurately reporting their income and paying the correct amount of taxes.
Taxpayers must report all sources of income, deductions, credits, and any other financial information requested by the IRS on the RAC examination.
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