Question
You are a certified public accountant. A client enters your office on April 14 with a bag full of disorganized documents and receipts. He asks
You are a certified public accountant. A client enters your office on April 14 with a bag full of disorganized documents and receipts. He asks you to prepare his tax return and would be happy to file an extension. However, the client expresses some urgency and would like to file the actual tax return as soon as possible because he says, I should get a refund for all the huge deductions.When looking through the clients documents and compiling the tax return, you realize that there are not enough supporting documents for deductions that would result in a refund. Review the following to inform your discussion: Circular 230: Regulations Governing Practice Before the Internal Revenue Service and the Practitioners' Responsibilities in Complying With Records Requests.
Required:
Suggest two alternate solutions to communicate to the client while being in compliance with Circular 230.
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