Levi is recommending a tax return position to his client. What standard must he meet to satisfy
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
AICPA SSTS No 1 provides that a tax professional must comply with the standards imposed by the appli...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Question Posted:
Students also viewed these Business Law questions
-
What standards must you abide by when signing a return or recommending a tax return position to a taxpayer? What must you do to satisfy this standard?
-
What are the tax practitioner's standards to avoid a penalty for recommending a tax return position?
-
What is an IRS announcement? When is it used? In your opinion, could a tax practitioner rely on an IRS announcement as authority for a tax return position?
-
Randy, Inc., can issue 3-month commercial paper with a face value of $1,500,000 for $1,450,000. Transaction costs will be $1,500. The effective annualized percentage cost of the financing, based on a...
-
The condensed single-step income statement for the year ended December 31, 2012, of Sunderland Chemical Company, a distributor of farm fertilizers and herbicides, appears as follows: Selected...
-
Event A: rolling a 5 and the spinner landing on blue A probability experiment consists of rolling a six-sided die and spinning the spinner shown below. The spinner is equally likely to land on each...
-
Should the requirements of the UCC be subject to the application of reliance theories? Go back and review the facts in Case 21-3 about the coal contract. Should silence followed by contract execution...
-
Strawberries contain about 15 wt% solids and 85 wt% water. To make strawberry jam, crushed strawberries and sugar are mixed in a 45:55 mass ratio, and the mixture is heated to evaporate water until...
-
SQL is a pervasive querying language. While there is one primary SQL dialect that all SQL RDBMS implementations must support, and that's ANSI SQL, each database platform comes out with its own...
-
The Gin Corp. is expected to pay a dividend of $3 which is expected to grow at 2% for a foreseeable future. The stock of the GiN Corp. is currently selling at a market price of $40. The company...
-
Identify some of the sources for tax professional standards. What are the potential ramifications of failing to comply with these standards?
-
What is Circular 230?
-
List the benefits of GDSS.
-
How do you know on a categorize financial statements account what falls under balance sheet and an income statement?
-
A charge q = 1.62 C is at a distance d = 1.73 m from a second charge q2 = -4.97 C. (a) Find the electric potential at a point A between the two charges that is d/4 from q. (b) Find a point between...
-
The following information was established concerning the centers constructed: 1. Only three (3) of the centers met the design specifications and were going to be commissioned for use. The work on the...
-
1.What is the cost of equity for firm ABC? 2.What is the cost of capital for firm ABC? 3.What is the cost of assets, rA for firm ABC? ABC, INC Income Statement Year 0 Year -1 Total Revenue 31,944...
-
The manager of Chayim, Inc. reviewed the year just completed, hoping to establish a point of comparison for measuring the company's actual performance. Sales volume came in lower than expected, at...
-
If a light ray enters the mirror system of Fig. 30.18 propagating in the plane of the page and parallel to one mirror, through what angle will it be turned? ? Exercise 12 60 Exercise 14 FIGURE 30.18...
-
Suppose that fraction used = / 1.0 + 0.1Mt. for some parameter 1. Write the discrete-time dynamical system and solve for the equilibrium. Sketch a graph of the equilibrium as a function of ....
-
Division West Chinchilla Ranch advertised on television that a five-figure income could be earned by raising chinchillas with an investment of only $3.75 per animal per year and only thirty minutes...
-
William Schmalz entered into an employment contract with Hardy Salt Company. The contract granted Schmalz six months severance pay for involuntary termination but none for voluntary separation or...
-
Treasure Salvors and the State of Florida entered into a series of four annual contracts governing the salvage of the Nuestra Senora de Atocha. The Atocha is a Spanish galleon that sank in 1622,...
-
By carrying out the audit of the financial statements in the Property, Plant and Equipment area, we were able to determine the reasonableness of the balance of the vehicle depreciation account. The...
-
The link between service delivery and external communications has a profound impact on customer perceptions of service quality. If you were to execute a service blueprint for dairy queen store and...
-
The city of marlohaven has a december 31 fiscal year end, during 20x5 marlohaven levied $1000000 in property taxes. the following details are expected collection of marlohaven's general fund property...
Study smarter with the SolutionInn App