Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Provide a short answer (3-4 lines) for the following hypothetical situations. To recieve full points, your response must include: (1) an answer to the question

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Provide a short answer (3-4 lines) for the following hypothetical situations. To recieve full points, your response must include: (1) an answer to the question (e.g., yes, no, etc.); (2) a SHORT explanation for your answer; and (3) the applicable citation under Circular 230 (e.g., "sec. 10.32" or "S10.32"). You can "cut & paste and summarize" from Circular 230. HINT: I am only looking for the single-most applicable section of Circular 230 directly applicable to each question (i.e., don't write two sections of Circular 230 as an answer) You can use a section of Circular 230 to answer multiple questions (e.g., 10.20 may be applicable to several questions). You should be able to find locate the answers to the hypotheticals in the following sections of Circular 230 810.22 S10.2 S10.24 S10.30 S10.50 S10.20 $10.25 $10.31 S10.51 810.21 $10.27 $1 $10.32 S10.34 810.53 810.23 $10.29 S10.37 0.28 $10.79 11. A tax retum preparer used one of his clients' social security numbers to obtain Medicare benefits for her elderly father. The preparer was convicted of theft by deception (i.e., a type of theft crime where an individual uses false pretenses to gain control of someone's property), but because hardship was only sentenced to 2-years probation. The Secretary of the Treasury, after notice and an opportunity for a proceeding, disbars the preparer from practicing before the IRS for disreputable conduct. Was the preparers actions disreputable? 12. Andrea was refermed to you by her Family Law Attomey to prepare her current year's return. Andrea is an enrolled agent and is currently getting a divorce. She has unreported income of at least $75,000 for each of the past 3 years. What are your ethical responsibilities to Andrea? 13. Mary receives a notice of audit for her 20XX retum and has come to you for help. An enrolled agent (EA) prepared Mary's 20XX tax retun and you need the workpapers to assist you in defending the audit. The EA refuses to tum over the records because Mary still owes him money on an outstanding bill. Is the EA in violation of Circular 230

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Audit In Mental Health Toward A Multidisciplinary Approach

Authors: John Riordan, Darren Mockler

1st Edition

0471963321, 978-0471963325

More Books

Students also viewed these Accounting questions

Question

How many states in India?

Answered: 1 week ago

Question

HOW IS MARKETING CHANGING WITH ARTIFITIAL INTELIGENCE

Answered: 1 week ago

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago