Question: 3. Answer the following using the AICPA Statement on Standards for Tax Services (SSTS): a. Z prepares the tax return of E, an expatriate employee

3. Answer the following using the AICPA Statement on Standards for Tax Services (SSTS):

a. Z prepares the tax return of E, an expatriate employee of G who works in Italy. E is the president of Gs European operations and earns $480,000 per year. Es tax return organizer does not indicate any interest from a bank or brokerage account, U.S. or otherwise, and he checks a box in the organizer stating that he did not have a foreign bank account. In addition, based on recollections of consultations with E and information in the organizer, Z is aware that during the tax year E purchased an apartment in Rome as his principal residence as he sold his only US house this year.

1. Identify the SSTS that may apply (discuss no more than 2)?

2. Briefly discuss each AICPA SSTS you identified and why it applies

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