ETHICS H&R BLOCK CHAPTER 12
UPDATED VERSION WITH BEST
SOLUTIONS
The IRS is under the immediate direction of the
Commissioner of Internal Revenue who is appointed
for a five-year term by the
President of the United States.
Paid tax preparers should make notes to include any
explanation or additional information. Most tax
preparation software provides the ability for tax
preparers to include such notes
TRUE
An IRS examination and verification of a taxpayer's
return or other transactions with tax consequences. A
correspondence audit is a tax audit that the IRS
performs by mail. An office audit is an audit by the IRS
which is conducted in the agent's office. A field audit
is conducted by the IRS on the business premises of
the taxpayer or in the office of the tax practitioner
representing the taxpayer.
AUDIT
, Regulations governing the practice of attorneys,
certified public accountants, enrolled agents, enrolled
actuaries, and appraisers before the IRS.
CIRCULAR 230
A monetary penalty that can be assessed by the IRS
or state or local taxing authority. Civil penalties are
generally based on the amount of the understated tax,
unpaid tax, or tax due.
CIVIL PENALTY
IRS penalty assessed in cases where the taxpayer has
willfully engaged in criminal conduct. Penalties may
be monetary or incarceration.
CRIMINAL PENALTY
The release of tax information by an IRS employee.
DISCLOSURE
Reasonable steps taken by a tax preparer in order to
satisfy compliance with the tax law and ensure that a
tax return is correct.
DUE DILIGENCE
UPDATED VERSION WITH BEST
SOLUTIONS
The IRS is under the immediate direction of the
Commissioner of Internal Revenue who is appointed
for a five-year term by the
President of the United States.
Paid tax preparers should make notes to include any
explanation or additional information. Most tax
preparation software provides the ability for tax
preparers to include such notes
TRUE
An IRS examination and verification of a taxpayer's
return or other transactions with tax consequences. A
correspondence audit is a tax audit that the IRS
performs by mail. An office audit is an audit by the IRS
which is conducted in the agent's office. A field audit
is conducted by the IRS on the business premises of
the taxpayer or in the office of the tax practitioner
representing the taxpayer.
AUDIT
, Regulations governing the practice of attorneys,
certified public accountants, enrolled agents, enrolled
actuaries, and appraisers before the IRS.
CIRCULAR 230
A monetary penalty that can be assessed by the IRS
or state or local taxing authority. Civil penalties are
generally based on the amount of the understated tax,
unpaid tax, or tax due.
CIVIL PENALTY
IRS penalty assessed in cases where the taxpayer has
willfully engaged in criminal conduct. Penalties may
be monetary or incarceration.
CRIMINAL PENALTY
The release of tax information by an IRS employee.
DISCLOSURE
Reasonable steps taken by a tax preparer in order to
satisfy compliance with the tax law and ensure that a
tax return is correct.
DUE DILIGENCE
