Accounting

Mawuena Gbedey
ACCT 324 ON
YOU DECIDE
November 12th 2011
Based on all the information provided and considering the treat of the tax preparation, we have, here, a choice to make on whether to dissolve the case or to reject it. It is written that The American bestow of CPAs has issued numerous pronouncements dealing with CPAs engaged in tax practice. originally called Statements on Responsibilities in Tax Practice, these pronouncements were intended to only be guides to action. In 2000, however, the AICPA re-designated the pronouncements as Statements on Standards for Tax Services and make them enforceable as part of its Code of Professional Conduct. They complicate the provisions summarized below.
* Do not take questionable positions on a thickenings tax return in the hope that the return will not be selected for audit by the IRS. Any positions taken should be supported by a good-faith belief that they have a realistic calamity of being sustained if challenged. The client should be fully aware of the risks involved and of the penalties that will result if the position taken is not successful.
* A practitioner can use a clients estimates if they are reasonable under the circumstances. If the tax justice requires receipts or other verification, the client should be so advised.



In no event should an estimate be prone the appearance of greater accuracy than is the case. For example, an estimate of $1,000 should not be deducted on a return as $999.Every effort should be made to answer questions appearing on tax returns. A question need not be answered if the information request is not readily available, the answer is voluminous, or the questions meaning is uncertain. The failure to answer a question on a return cannot be justified on the grand that the answer could prove disadvantageous to the taxpayer.
* Upon learning of an error on a past tax return, advise the client to level it. Do not, however, inform the IRS of the error. If the error is...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper