1.3 & 1.4 Best Practices for tax advisors & Supervisor Responsibility Flashcards
(3 cards)
1
Q
what are the 4 general best practices?
A
- performing the steps needed to support the facts for a tax filing
- communicating with the client the terms of the engagement
- advising the client regarding the importance of the conclusions reached
- acting fairly and with integrity
2
Q
when providing written advice about any federal tax matter, a practioner must:
1. base the advice on reasonable assumptions
2. reasonably consider the facts that are known or should be known
3. use reasonable efforts to identify and determine the relevant facts
A
3
Q
should advice consider the possibility that the tax return will not be audited or a matter will not be raised during the audit
A
NO DO NOT CONSIDER THIS
