Taxation questions

Topics: U.S. Securities and Exchange Commission, Taxation in the United States, Securities Exchange Act of 1934 Pages: 4 (1370 words) Published: March 18, 2014

Which of the following is not practicing before the Internal Revenue Service? A. Preparing the tax return, furnishing information at the request of the IRS, or appearing as a witness for a taxpayer. B. Communicating with the IRS for a taxpayer regarding the taxpayer's rights, privileges, or liabilities under laws and regulations administered by the IRS. C. Preparing necessary documents and filing them with the IRS for the taxpayer whose tax returns were prepared by a different practitioner. D. Representing a taxpayer at conferences, hearings, or meetings with the IRS. Which of the following statements is true with respect to a client's request for records of the client that are necessary for the client to comply with his/her Federal tax obligations? A. The practitioner may never return records of the client to the client even if the client requests prompt return of the records. B. The existence of a dispute over fees always relieves the practitioner of his/her responsibility to return records of the client to the client. C. The practitioner must, at the request of the client, promptly return the records of the client to the client unless applicable state law provides otherwise. D. The practitioner must, at the request of the client, return the records of the client to the client within 3 months of receiving the request. Frank, a certified public accountant, has the right to make the following solicitations of employment involving IRS matters: A. Seeking new business from a former client. B. Communicating with a family member. C. Targeting mailings. D. All of the answers are correct. According to Circular 230, which of the following statements may NOT be used when a CPA advertises? A. Name, address, and office hours. B. Names of associates of the firm. C. Claims of quality of service that cannot be verified. D. Membership in professional organizations. Lecture SIX Outline Study Units 1 & 2 Review BUSN 7131

A practitioner providing a covered opinion must comply...
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