What 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?
Answer to relevant QuestionsA member may use estimates in completing a tax return according to SSTS No. 4. When might the use of estimates be considered appropriate? What is tax planning? Explain the difference between tax evasion and tax avoidance and the role of each in professional tax planning. Summarize what is discussed in each of the following sections of Circular 230: a. Subpart B, § 10.33 b. Subpart B, § 10.35 c. Subpart B, § 10.36 d. Subpart B, § 10.37 What is the precedent-setting value of each of the following cases? a. Lowell Bar Association v. Loeb b. Bercu c. Sperry v. Florida You are a CPA in practice and have a long-term client who is involved in a nasty divorce proceeding with her husband. The client has assets she deposited in a bank account in the Grand Cayman Islands. There is U. S. taxable ...
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