A member may use estimates in completing a tax return according to SSTS No. 4. When might the use of estimates be considered appropriate?
Answer to relevant QuestionsLast year a taxpayer was audited by the IRS and an item of deduction on the tax return was disallowed. On this year’s tax return, the taxpayer would like to deduct a similar item. Discuss the circumstances under which a ...Ethical professional behavior is the interaction of several standards. Identify these standards and briefly describe each. Which subpart and section of Circular 230 discusses each the following topics? a. Solicitation b. Negotiation of a taxpayer’s refund checks c. Depositions d. Authority to disbar or suspend from practice before the IRS Which of the following is a contingent fee under Circular 230 § 10.27? A fee (1) that is based on a percent-age of the refund reported on a return, (2) that is based on a percentage of the taxes saved, or (3) that otherwise ...Ahi Corporation is one of your clients in Hawaii. The company had a good year last year and owes the IRS $ 100 million, due on March 15. There are no penalties or interest because of the IRS. One of Ahi’s employees ...
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