Circular 230 applies to CPAs who:
A) Audit the financial statements of a tax client
B) Practice before the IRS
C) Practice before the SEC
D) All of these

Question

Quizplus · Accepted Answer

Circular 230 applies to practitioners who practice before the IRS, including CPAs who provide clients with tax advice or prepare tax returns. Therefore, choice B, which refers to practicing before the IRS, is the best choice. Choices A and C are incorrect because they do not accurately describe the scope of Circular 230.

Circular 230 Applies to CPAs Who