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6, Find Circular 230 posted on the IRS website (irs.gov). Skim Circular 230 to find 10.35 on Competence and answer the following question: A new
6, Find Circular 230 posted on the IRS website (irs.gov).
Skim Circular 230 to find 10.35 on Competence and answer the following question: A new client has approached your CPA firm for compliance and planning assistance. In the past year, they engaged in over 2,500 trades involving virtual currency. Your firm has not had a client with more than 50 virtual currency transactions in a year. Based on the Competence rule in Circular 230, write a memo to your manager on whether your CPA firm can accept this client.
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