Question: May a tax practitioner who is a CPA form a
May a tax practitioner who is a CPA form a CPA partnership with an IRS agent who is also a CPA? What limits (if any) would be placed on such a partnership?
Answer to relevant QuestionsIf 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? Practicing CPAs generally are subject to the AICPA Code of Professional Conduct. What is its stated purpose? What threshold does SSTS No. 1 provide for a tax practitioner regarding tax return positions? Could disclosure of the position influence that threshold? The text discusses three types of ethical reasoning. Identify them and give a short description of 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
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