1. Define tax deficiency and give an example.
2. What are the various defenses for tax evasion?
3. What are the different methods, direct and indirect, of proving a tax deficiency?
1. What is the difference between a misdemeanor violation and a felony violation for tax evasion?
2. When is an act in furtherance of a scheme to defraud?
3. Explain the role of material omissions and misrepresentations according to the Securities Exchange Act of 1934.