Question
Consider how you would respond to the following ethical situations. 1. When you are hired to prepare a taxpayer's tax returns for their various C-Corps,
Consider how you would respond to the following ethical situations.
1. When you are hired to prepare a taxpayer's tax returns for their various C-Corps, S-Corps, and LLCs, the taxpayer will question you about how aggressive you are going to be with the deductions you will make on their various tax returns.
How would you answer that question? Explain.
2. This year, a long-time client/taxpayer gives you the data you need to complete their individual income tax return. Since all the numbers are round ($55,000, $1,800, $200, etc.), you get the uneasy feeling that they are all made up as you read the information.
What do you do, if anything? Explain
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