FEDERAL TAX RESEARCH EXAMPREP
VERIFIED QUESTIONS AND SOLUTIONS
COMPLETE STUDY MATERIAL GRADED A+
●● Tax compliance
Answer: the gathering of information, evaluation, and classification of
such information, and the filing of any necessary tax returns, along with
representation of clients at meetings with tax officials.
●● Tax Planning
Answer: the process of arranging one's financial affairs to minimize tax
liabilities
●● tax litiagtion
Answer: the process of settling disputes with the IRS in the courts
●● tax research
Answer: identifying the issues, finding proper authorities, evaluating
appropriateness of the authorities, and applying the authorities to
specific facts.
●● circular 230
,Answer: contains the rules governing practice before the IRS, states who
may conduct such a practice, and sets forth the disciplinary procedures
applying to persons who practice before the IRS.
●● who may practice before the IRS?
Answer: Attorneys, CPAs, enrolled agents, and enrolled actuaries
●● Unenrolled persons may...
Answer: practice before the IRS on their own behalf and for other
specified taxpaying entities.
●● Subpart A to Circular 230:
Answer: Rules Governing Authority to Practice
●● Subpart B to Circular 230:
Answer: Duties and Restrictions Relating to Practice before the IRS
●● Subpart C to Circular 230:
Answer: Rules Applicable to Disciplinary Proceedings
●● Subpart D to Circular 230:
Answer: Rules Applicable to Disqualification of Appraisers
, ●● Subpart E to Circular 230:
Answer: General Provisions
●● AICPA Code of Professional Conduct governs who?
Answer: CPAs who are members of the Institute
●● AICPA code of prof conduct principles express what?
Answer: basic tenets, including the responsibility to perform
professional services with integrity, objectivity, and independence.
●● AICPA code of prof conduct rules provide what?
Answer: Rules provide a set of enforceable ethical standards.
●● Who do AICPA code of prof conduct rules apply to?
Answer: Rules apply to CPAs, their employees, partners or shareholders,
and others who act on behalf of CPAs.
●● Statements on Standards for Tax Services (SSTS) are enforceable
rules of the...?
Answer: AICPA
●● SSTS No. 1: Tax Return Positions...
VERIFIED QUESTIONS AND SOLUTIONS
COMPLETE STUDY MATERIAL GRADED A+
●● Tax compliance
Answer: the gathering of information, evaluation, and classification of
such information, and the filing of any necessary tax returns, along with
representation of clients at meetings with tax officials.
●● Tax Planning
Answer: the process of arranging one's financial affairs to minimize tax
liabilities
●● tax litiagtion
Answer: the process of settling disputes with the IRS in the courts
●● tax research
Answer: identifying the issues, finding proper authorities, evaluating
appropriateness of the authorities, and applying the authorities to
specific facts.
●● circular 230
,Answer: contains the rules governing practice before the IRS, states who
may conduct such a practice, and sets forth the disciplinary procedures
applying to persons who practice before the IRS.
●● who may practice before the IRS?
Answer: Attorneys, CPAs, enrolled agents, and enrolled actuaries
●● Unenrolled persons may...
Answer: practice before the IRS on their own behalf and for other
specified taxpaying entities.
●● Subpart A to Circular 230:
Answer: Rules Governing Authority to Practice
●● Subpart B to Circular 230:
Answer: Duties and Restrictions Relating to Practice before the IRS
●● Subpart C to Circular 230:
Answer: Rules Applicable to Disciplinary Proceedings
●● Subpart D to Circular 230:
Answer: Rules Applicable to Disqualification of Appraisers
, ●● Subpart E to Circular 230:
Answer: General Provisions
●● AICPA Code of Professional Conduct governs who?
Answer: CPAs who are members of the Institute
●● AICPA code of prof conduct principles express what?
Answer: basic tenets, including the responsibility to perform
professional services with integrity, objectivity, and independence.
●● AICPA code of prof conduct rules provide what?
Answer: Rules provide a set of enforceable ethical standards.
●● Who do AICPA code of prof conduct rules apply to?
Answer: Rules apply to CPAs, their employees, partners or shareholders,
and others who act on behalf of CPAs.
●● Statements on Standards for Tax Services (SSTS) are enforceable
rules of the...?
Answer: AICPA
●● SSTS No. 1: Tax Return Positions...
