Circular 230 requires that a paid tax preparer apply a quality review system in preparing tax returns for her clients.

Question

Quizplus · Accepted Answer

Circular 230 requires that a paid tax preparer apply a quality review system in preparing tax returns for her clients. This is to ensure that the returns are accurate and complete, and that the preparer has taken reasonable steps to identify and correct any errors or omissions before submitting the returns to the IRS. The quality review system must include procedures for reviewing the return for accuracy, ensuring that all necessary forms and schedules are included, verifying the client's identity and contact information, and maintaining a record of the review process. Failure to comply with these requirements can result in penalties, suspension or revocation of the preparer's license to practice before the IRS.

Circular 230 Requires That a Paid Tax Preparer Apply a Quality