How has Congress used tax penalties to discourage the development of certain tax shelters?
Answer to relevant QuestionsLeigh, who is not a Circular 230 practitioner, is employed by Rose, a CPA. One of Rose’s clients has been notified that the IRS has selected his 2012 income tax return for audit. Rose had prepared the return and signed it ...A compensated individual who prepares or assists with the preparation of all or substantially all of a tax return or claim for refund must have a PTIN. What is a PTIN and which individual(s) are required to obtain one? What are the SSTS? Who issues them? Discuss their principal objectives. Who sets ethical rules for attorneys in the various states? Define and illustrate the following terms or concepts: a. Fraud b. Negligence c. Reasonable cause d. Lack of reasonable cause e. Civil penalty conviction f. Criminal penalty conviction
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