- Study guides, Class notes & Summaries

IRS SEE Part 3 Question and answers correctly solved Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in rendering tax advice? A.Requesting written evidence from a client that the fee proposal for tax advice has been approved by the board of directors. B.Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memo...

IRS SEE Part 3 Questions and Answers Rated A+ What is the purpose of the IRS Publication 1? Publication 1 informs taxpayers of their rights, including the right to be informed and the right to challenge the IRS's position. What is the significance of a "determination letter"? A determination letter is issued by the IRS to indicate its decision regarding the status of a specific tax issue, such as exemption eligibility. What is "innocent spouse equitable relief"? E...

Under Treasury Circular 230, which of the following actions of a CPA tax advisor is characteristic of a best practice in rendering tax advice? A.Requesting written evidence from a client that the fee proposal for tax advice has been approved by the board of directors. B.Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memorandum. C.Requiring the client to supply a written repre...