Question
I am assigned a project from my CPA firm. I have to go into a new building and try to find as many pieces of
I am assigned a project from my CPA firm. I have to go into a new building and try to find as many pieces of furniture and fixtures from the building as I can. So for example, a door, a drop ceiling, a window, a drinking fountain. I will do this so I can use 7 year depreciation instead of 39 year depreciation. If I find $1,000,000 of things I can argue are fixtures instead of buildings, the client will give me and my CPA firm $50,000 cash bonus.
I am worried that this might be a violation of ethics. Write a 1-2 page single spaced email to your supervisor about your concerns.
Find one thing wrong about this in Circular 230, Statement on Tax Standards and AICPA Code of Professional Conduct. They must be different not all contingent fees, for example. Quote and state the violation within each.
Assume you complete the tax return. Find one possible violation with Code Section 6694 or the related Treasury regulations
I am assigned a project from my CPA firm. I have to go into a new building and try to find as many pieces of furniture and fixtures from the building as I can. So for example, a door, a drop ceiling, a window, a drinking fountain. I will do this so I can use 7 year depreciation instead of 39 year depreciation. If I find $1,000,000 of things I can argue are fixtures instead of buildings, the client will give me and my CPA firm $50,000 cash bonus.
I am worried that this might be a violation of ethics. Write a 1-2 page single spaced email to your supervisor about your concerns.
Find one thing wrong about this in Circular 230, Statement on Tax Standards and AICPA Code of Professional Conduct. They must be different not all contingent fees, for example. Quote and state the violation within each.
Assume you complete the tax return. Find one possible violation with Code Section 6694 or the related Treasury regulations
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