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Discuss the purpose, application and scope of Circular 230. For example, Circular 230 requires that the tax practitioner use the best practices of the tax
Discuss the purpose, application and scope of Circular 230. For example, Circular 230 requires that the tax practitioner use the best practices of the tax profession in carrying out a tax engagement. Specify what some of these best practices entail. Describe which tax consultants or preparers are subject to the Circular 230 rules. Describe the Circular 230 requirements for taking tax positions on a return.
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