The U.S. Internal Revenue Service (IRS) implemented Circular 230 to remedy problems found with regard to the marketing of tax shelters thought to
A) have no other purpose except to reduce taxes.
B) have lower than 50% chance of success if challenged by the IRS.
C) not be in accordance with client's needs.
D) create fictitious losses.
E) All of these are correct.
Correct Answer:
Verified
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