Give the Circular 230 position concerning each of the following situations sometimes encountered in the tax profession. Taking an aggressive pro-taxpayer position on a tax return. Not having a quality review process for a return completed by a partner of the tax firm. Purposely delaying compliance with a document request received from the IRS. Not keeping up with changes in the tax law. Charging $4,500 to complete a simple Form 1040 with no supporting schedules. When representing a taxpayer in a Federal income tax audit, charging a fee equal to one-third of the reduction of the tax proposed by the IRS agent. Representing both the husband and wife when negotiating tax matters pertinent to their divorce. Advertising on the Web for new tax clients and including Se habla español in the text of the ads.
Give the Circular 230 position concerning each of the following situations sometimes encountered in the tax profession. Taking an aggressive pro-taxpayer position on a tax return. Not having a quality review process for a return completed by a partner of the tax firm. Purposely delaying compliance with a document request received from the IRS. Not keeping up with changes in the tax law. Charging $4,500 to complete a simple Form 1040 with no supporting schedules. When representing a taxpayer in a Federal income tax audit, charging a fee equal to one-third of the reduction of the tax proposed by the IRS agent. Representing both the husband and wife when negotiating tax matters pertinent to their divorce. Advertising on the Web for new tax clients and including Se habla español in the text of the ads.
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 7P
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Question
Give the Circular 230 position concerning each of the following situations sometimes encountered in the tax profession.
- Taking an aggressive pro-taxpayer position on a tax return.
- Not having a quality review process for a return completed by a partner of the tax firm.
- Purposely delaying compliance with a document request received from the IRS.
- Not keeping up with changes in the tax law.
- Charging $4,500 to complete a simple Form 1040 with no supporting schedules.
- When representing a taxpayer in a Federal income tax audit, charging a fee equal to one-third of the reduction of the tax proposed by the IRS agent.
- Representing both the husband and wife when negotiating tax matters pertinent to their divorce.
- Advertising on the Web for new tax clients and including Se habla español in the text of the ads.
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