tax Discussion Question 26-14 (LO. 8) Regarding the Statements on Standards for Tax Services that apply to CPAS, complete the following: 1. Assign the correct number to the standard, then 2. Complete each standard description by selecting the correct answer from the dropdown. Standard Subject(s) 3 X A CPA can use reasonable estimates provided by the client in completing a tax return. 6 X When a tax return asks a question of the taxpayer, the CPA V should obtain adequate information so as to answer the request. 1 x The client must be informed when a CPA discovers an error in a prior-year return. The IRS can be informed of the error only with the taxpayer's consent. 5 X The CPA should be confident that client information is adequate to complete a tax return. The CPA is not a tax auditor and need not verify the details of most entries on the return. 2 X Tax return positions should be supported by a realistic possibility of success unless the taxing authority imposes a higher standard. The client must be informed of tax risks and penalties that relate to the tax return position. 4 X The CPA is not bound by the prior-year holdings of a court or IRS written determination in completing the current-year return. Every tax year stands on its own 7 A CPA's tax advice should be crafted and delivered in a professional manner