Preparing a client's tax return solely based on what the client has represented to you about his income and expenses generally is:
A) Permissible
B) Prohibited only by the AICPA's Statements of Standards onTax Practice
C) Prohibited only by U.S. Treasury Circular 230
D) Prohibited by both AICPA and IRS professional mandates
Correct Answer:
Verified
Q12: The use of estimates on a tax
Q13: A paid tax return preparer estimated a
Q14: A taxpayer ordinarily should not assert a
Q15: A tax return preparer may prepare a
Q16: A taxpayer wishes to assert a tax
Q18: In asserting a tax position,the reporting standard
Q19: The "Cohan Rule" states that:
A) A taxpayer
Q20: The Statements of Standards on Tax Services
Q21: Your client claimed seven children as dependency
Q22: A client filed its tax return last
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