An accountant friend of yours tells you that he almost never does any tax research because he
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An accountant friend of yours tells you that he “almost never” does any tax research because he believes that “research usually reveals that some tax planning idea has already been thought up and shot down.” Besides, he points out most tax returns are never audited by the IRS. Can a tax adviser who is dedicated to reducing his client’s tax liability justify the effort to engage in tax research? Do professional ethics demand such efforts? Which approach would a client probably prefer?
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Tax research serves two major functions a Alerting the tax advisor to planning opportunities and doc...View the full answer
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Related Book For
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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