Learn what is required to comply with the Treasury Department’s “Circular 230,” as well as Internal Revenue Code sections imposing penalties for failure to exercise reasonable care in preparing income tax returns and giving tax advice to clients. Put all that in context as professional ethical standards by understanding AICPA “Statements on Standards for Tax Services,” which are enforceable tax practice standards for members of the AICPA. An ethical tax practice needs the same sort of quality controls CPAs impose on their attest practices.
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