What is an injunction, and when may the IRS seek an injunction?
Answer to relevant QuestionsThe rules that govern practice before the IRS are found in Circular 230. Discuss what entails practice before the IRS and state which section of Circular 230 contains the definition. 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? In each of the following (independent) situations, state which AICPA Code of Professional Conduct (if any) is violated by a CPA in public practice. a. The CPA opens a tax practice and names the new firm “Jill’s Super ...Last year a taxpayer was audited by the IRS and an item of deduction on the tax return was disallowed. On this year’s tax return, the taxpayer would like to deduct a similar item. Discuss the circumstances under which a ...What are the statutes of limitations for the IRS and taxpayers? Why did Congress create them? When can they be shortened, extended, or suspended?
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