Purchase Solution

Taxation - Circular 230 apply

Not what you're looking for?

Ask Custom Question

1) To whom does Circular 230 apply?

2) What are the suggested best practices for tax advisors?

3) Can the IRS penalize practitioners under Circular 230? Explain

Purchase this Solution

Solution Summary

The solution discusses taxation. Circular 130 apply is analyzed.

Solution Preview

As part of an ongoing effort to improve ethical standards for tax professionals and to curb abusive tax avoidance transactions, the Treasury Department and the Internal Revenue Service issued in 2004, final regulations amending Treasury Department Circular 230. Circular 230 is applicable to attorneys, accountants and other tax professionals who practice before the IRS. The revisions to Circular 230 provide standards of practice for written advice that reflect current best practices and are intended to restore and maintain ...

Purchase this Solution


Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Introduction to Finance

This quiz test introductory finance topics.