Pursuant to treasury circular 230, which of the following statements about the return of a client's records is correct? a. the practitioner may retain copies of the client's records. b. the client's records are to be destroyed upon submission of a tax return. c. the practitioner does not need to return any client records that are necessary for the client to comply with the client's federal tax obligations. d. the existence of a dispute over fees generally relieves the practitioner of responsibility to return the client's records. e. none of the above

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan