If a tax practitioner finds an error in a prior year’s tax return, what action (if any) must he or she take under Circular 230? What subpart and section addresses this situation?
Answer to relevant QuestionsA practitioner cannot give written advice under Circular 230 § 10.37 in which situations? Under Rule 101 (Independence), a CPA (or CPA firm) is not independent if one or more financial relationships exist with a client during the period of professional engagement or at the issuing of the opinion. Discuss ...Several groups of individuals do most of the tax compliance work in the United States. Identify these groups and describe briefly the kind of work that each group does. In this regard, be sure to define the term “enrolled ...What is tax planning? Explain the difference between tax evasion and tax avoidance and the role of each in professional tax planning. Which subpart and section of Circular 230 discusses each the following topics? a. Conflicting interests b. Disreputable conduct c. Assistance from disbarred or suspended persons d. Representing oneself before the IRS
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