According to the profession's standards, which of the following statements is true regarding the standards a CPA should follow when recommending tax return positions and preparing tax returns? A CPA may sign a tax return as preparer knowing that the return takes a position that will not be sustained if challenged. A CPA may recommend a position that the CPA concludes is frivolous as long as the position is adequately disclosed on the return. A CPA will usually not advise the client of the potential penalty consequences of the recommended tax return position. A CPA may recommend a position in which the CPA has a good faith belief that the position has a realistic possibility of being sustained if challenged. Jones, CPA, prepared smith's federal income tax return and approximately signed the preparer's declaration. Several months later, jones learned that smith improperly altered several figures before mailing the tax return to the IRS. Jones should communicate disapproval of the action to smith and inform the IRS of the unauthorized alteration. Take no further action with respect to the current year's tax return but consider the implications of smith's actions for any future relationship. File an amended tax return. Refund any fee collected, return all relevant documents, and refuse any further association with smith. The federal unemployment tax act(FUTA) requires both the employer and employment to pay FUTA taxes, although the amounts to be paid by each are different. Does not apply to employers that conduct business in only one state and employ only residents of that state. Does not apply to businesses with fewer than 35 employees. Allows the employer to take a credit against the FUTA tax if contributions are made to a state unemployment fund. According to the profession's standards, which of the following statements is true regarding the standards a CPA should follow when recommending tax return positions and preparing tax returns? A CPA may sign a tax return as preparer knowing that the return takes a position that will not be sustained if challenged. A CPA may recommend a position that the CPA concludes is frivolous as long as the position is adequately disclosed on the return. A CPA will usually not advise the client of the potential penalty consequences of the recommended tax return position. A CPA may recommend a position in which the CPA has a good faith belief that the position has a realistic possibility of being sustained if challenged. Jones, CPA, prepared smith's federal income tax return and approximately signed the preparer's declaration. Several months later, jones learned that smith improperly altered several figures before mailing the tax return to the IRS. Jones should communicate disapproval of the action to smith and inform the IRS of the unauthorized alteration. Take no further action with respect to the current year's tax return but consider the implications of smith's actions for any future relationship. File an amended tax return. Refund any fee collected, return all relevant documents, and refuse any further association with smith. The federal unemployment tax act(FUTA) requires both the employer and employment to pay FUTA taxes, although the amounts to be paid by each are different. Does not apply to employers that conduct business in only one state and employ only residents of that state. Does not apply to businesses with fewer than 35 employees. Allows the employer to take a credit against the FUTA tax if contributions are made to a state unemployment fund