A taxpayer's records are destroyed by fire. A CPA prepares the tax return based on estimates and
Question:
A taxpayer's records are destroyed by fire. A CPA prepares the tax return based on estimates and other indirect information she has obtained. Under the SSTS, she should:
a. Disclose the use of estimates to the IRS.
b. Not disclose the use of estimates to the IRS.
c. Charge the taxpayer a double fee.
d. Not prepare a return based on estimates.
e. Have an attorney prepare the return. Explain your answer.
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a Disclose the use of estimates to the IRS CPA prepares the tax return based ...View the full answer
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