An IRS examination and verification of a taxpayer's return or other transactions with tax consequences. A correspondence audit is a tax audit that the IRS performs by mail. An office audit is an audit by the IRS which is conducted in the agent's office. A field audit is conducted by the IRS on the ...
An IRS examination and verification of a taxpayer's return or other
transactions with tax consequences. A correspondence audit is a tax audit
that the IRS performs by mail. An office audit is an audit by the IRS
which is conducted in the agent's office. A field audit is conducted by the
IRS on the business premises of the taxpayer or in the office of the tax
practitioner representing the taxpayer. - ACCURATE ANSWERS✔✔
AUDIT
Regulations governing the practice of attorneys, certified public
accountants, enrolled agents, enrolled actuaries, and appraisers before
the IRS. - ACCURATE ANSWERS✔✔ CIRCULAR 230
A monetary penalty that can be assessed by the IRS or state or local
taxing authority. Civil penalties are generally based on the amount of the
understated tax, unpaid tax, or tax due. - ACCURATE ANSWERS✔✔
CIVIL PENALTY
IRS penalty assessed in cases where the taxpayer has willfully engaged
in criminal conduct. Penalties may be monetary or incarceration. -
ACCURATE ANSWERS✔✔ CRIMINAL PENALTY
The release of tax information by an IRS employee. - ACCURATE
ANSWERS✔✔ DISCLOSURE
, Reasonable steps taken by a tax preparer in order to satisfy compliance
with the tax law and ensure that a tax return is correct. - ACCURATE
ANSWERS✔✔ DUE DILIGENCE
Failure or refusal to comply with the Tax Code. - ACCURATE
ANSWERS✔✔ NONCOMPLIANCE
Any tax return preparer who is not a signing tax return preparer, but who
prepares all or a substantial portion of a return or claim for refund with
respect to events that have occurred at the time the advice is rendered. -
ACCURATE ANSWERS✔✔ NON SIGNING RETURN PREPARER
Protection from being required to disclose confidential communications
between two parties, such as attorney and client. - ACCURATE
ANSWERS✔✔ PRIVILEGE
Official interpretations of the Tax Code by the IRS Commissioner. They
do not have the force and effect of law, except in those cases in which
the law on a particular subject calls for rules on that subject to be
expounded through regulations. - ACCURATE ANSWERS✔✔
REGULATIONS
The individual tax return preparer that has the primary responsibility for
the overall substantive accuracy of the preparation of the return or claim
for refund. - ACCURATE ANSWERS✔✔ Signing Return Preparer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMLINKS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
