
Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe
النسخة 10الرقم المعياري الدولي: 9781285439396
Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe
النسخة 10الرقم المعياري الدولي: 9781285439396 تمرين 2
An individual who for compensation prepares or assists with the preparation of all or substantially all of a tax return or claim for refund is subject to the duties and restrictions relating to practice in subpart as well as subject to the sanctions for violation of the regulations in subpart of Circular 230. Explain what this means.
التوضيح
Circular 230
It is the publication issued by the U.S. treasury that involves the rules that govern the practice before the concerned authority or the government of U.S. There is requirement of enrolled agents, certified public accountants and attorney for the preparation of return for tax and provide advice on tax. Penalty will be imposing on the taxpayer in case of non compliance to this circular.
In this case, the statement clearly state that the individual or the tax practitioner who assist or prepare the substantial portion or all of the document on behalf of client in lieu of compensation which is to be submitted with IRS is required to adhere and comply with the restriction and duties laid down in the subpart B of circular 230, other the tax practitioner will be liable for the sanction and penalties as directed in subpart C for the violation of the restriction and duties. However the individual or the tax practitioner who assists or prepares the documents or tax return without any compensation in return is not treated as having prepared the documents which is being submitted with the IRS due to the fact that only assistance is provided without any compensation.
It is the publication issued by the U.S. treasury that involves the rules that govern the practice before the concerned authority or the government of U.S. There is requirement of enrolled agents, certified public accountants and attorney for the preparation of return for tax and provide advice on tax. Penalty will be imposing on the taxpayer in case of non compliance to this circular.
In this case, the statement clearly state that the individual or the tax practitioner who assist or prepare the substantial portion or all of the document on behalf of client in lieu of compensation which is to be submitted with IRS is required to adhere and comply with the restriction and duties laid down in the subpart B of circular 230, other the tax practitioner will be liable for the sanction and penalties as directed in subpart C for the violation of the restriction and duties. However the individual or the tax practitioner who assists or prepares the documents or tax return without any compensation in return is not treated as having prepared the documents which is being submitted with the IRS due to the fact that only assistance is provided without any compensation.
Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe
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