Go to the website www.aicpa.org, then select the Research tab, then Standards, then Tax Standards. Make sure you locate Statements on Standards for Tax Services (SSTS). There are currently 7 standards Answer the following questions from SSTS.

1. Read SSTS No. 1, Tax Return Positions.
   1. Define tax return position as provided in SSTS No. 1 (3 points).
2. 2. In your own words, explain points number 6 and 7 within SSTS, No. 1.
3. Read SSTS No. 3, Certain Procedural Aspects of Preparing Returns. A client provides you (the tax preparer) with an EXCEL spreadsheet listing expense items and amounts. There is no additional information provided. Explain, in your own words, your responsibilities as addressed in SSTS no. 3 with respect to the information on this EXCEL spreadsheet.
4. Read SSTS No. 4, Use of Estimates. A client tells you that she sold $200,000 worth of Apple Stock in 2017, but that she lost her records of her cost basis of the stock due to a fire in her home. She tells you that she reconstructed her cost basis as best as she could, and that she estimates it to be $75,000.