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Ethics & Responsibilities/Business Law for REG CPA Exam Q&A 100% Pass
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Ethics & Responsibilities/Business Law for REG CPA Exam Q&A 100% Pass Attorneys, Agents, and Enrolled Agents - those who can practice before the IRS Preparing and filing documents, corresponding with the IRS, rendering written tax advice, or representing client at hearings - what constitutes ...

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  • September 26, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ethics responsibilitiesbusiness law for reg cpa

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  • CPA - Certified Public Accountant
  • CPA - Certified Public Accountant

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Ethics & Responsibilities/Business Law

for REG CPA Exam Q&A 100% Pass


Attorneys, Agents, and Enrolled Agents - ✔✔those who can practice before

the IRS

Preparing and filing documents, corresponding with the IRS, rendering

written tax advice, or representing client at hearings - ✔✔what constitutes

practice before the IRS

Form 2848 - ✔✔power of attorney form to allow an individual to represent a

taxpayer before the IRS

Subpart A of Circular 230 - ✔✔addresses authority to practice before the

IRS

Subpart B of Circular 230 - ✔✔substantive rules that govern tax

practitioners, including CPAs

Subpart C of Circular 230 - ✔✔addresses sanctions for violations regarding

practicing before the IRS

Subpart D of Circular 230 - ✔✔procedural rules for disciplinary proceedings

, Section 10.20 - ✔✔requires prompt cooperation with all IRS requests for

information

Section 10.21 - ✔✔requires practitioner to promptly notify client of an error

or omission in their tax return and its potential consequences

Section 10.23 - ✔✔discourages stalling of any matters before the IRS

unconscionable fee - ✔✔a practitioner may not charge this fee for

representing a client before the IRS

contingent fee - ✔✔may not be charged by a practitioner to a client, unless

(1) connected with an examination or challenge with 120 days, (2) claim for

a refund connected with statutory interest or penalties, or (3) the

accountant is representing the client in judicial proceedings

Section 10.28 - ✔✔requires the practitioner to promptly return any and all

records needed for the client to comply with federal tax obligations

Section 10.35 - ✔✔states that practitioners must be competent, either

through studying the relevant law or consulting with experts

tax return preparer (TRP) - ✔✔any person who prepares for compensation,

or who employs one or more persons to prepare for compensation, all or a

substantive portion of any return of tax or any claims for refund of tax

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