When must a member tax practitioner follow SSTS when preparing or signing a return?
Answer to relevant QuestionsWhat threshold does SSTS No. 1 provide for a tax practitioner regarding tax return positions? Could disclosure of the position influence that threshold? 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 ...List several services or products that a CPA or EA purposely should not make a part of a tax practice in order to minimize exposure to a charge of engaging in the unauthorized practice of law. Tax planning falls into two major categories, the “open” transaction and the “closed” transaction. Discuss each type of transaction and describe how each affects tax planning. The exam to become an EA has three parts. Go to the IRS Website at www.irs.gov and determine what is tested on each part of the exam. Describe the content of each part.
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