According to SSTS No. 2, a tax return should be signed by a member only after reasonable effort has been made to answer all questions on the return that apply to the taxpayer. What are some of the reasonable grounds under which a member may sign a return as the preparer even though some of the pertinent questions remain unanswered?
Answer to relevant QuestionsWhat guidelines are provided by SSTS No. 3 as to the reliance by a member on information supplied by the taxpayer for use in preparing the taxpayer’s return? The text discusses three types of ethical reasoning. Identify them and give a short description of each. Summarize what is discussed in each of the following sections of Circular 230: a. Subpart A, § 10.2(e) b. Subpart A, § 10.7(c) c. Subpart B, § 10.24 d. Subpart B, § 10.34 Summarize what is discussed in each of the following SSTS: a. SSTS No. 1 b. SSTS No. 4 c. SSTS No. 6 You are a CPA in practice who has just obtained a new client. Another CPA completed the tax returns for the prior three years. The client has operated his business as an S corporation during the three-year period. After ...
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