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Sonja Bishop operates a small international firm named Tile, Inc. A new treaty between the...

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Accounting

Sonja Bishop operates a small international firm named Tile, Inc. A new treaty between the United States and Spain conflicts with a Section of the Internal Revenue Code. Sonja asks you for advice.

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a. If she follows the treaty position, does she need to disclose this on her tax return? If she is required to disclose, are there any penalties for failure to disclose

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