Practitioners can protect themselves from significant penalties by following the IRS’s ‘adequate disclosure’ procedures.
Tax Ethics & Standards
This column addresses how this new rule may impact CPA tax practitioners providing services outside the scope of an audit or to a nonaudit client.
The Giving Voice to Values approach focuses on putting ethics into action.
Simply preparing a return may invoke different ethical and legal standards than would providing tax advice.
This column offers practical items for tax professionals to consider as privacy best practices.
While a tax practitioner and AICPA member has a duty to notify the client, the client is responsible for deciding whether to correct the error.
A number of ethics and risk management issues must be considered when preparing and filing FinCEN Form 114.
The director of the IRS' Office of Professional Responsibility and veteran practitioners recently gave advice on how to steer clear of the dangers.
This column discusses some of the rules regarding preparation of Form 2848 and addresses professional ethics issues that arise in dealing with the form.
FASAB proposed a standard with the intention of providing the public more information about the U.S. government’s tax expenditures.
These documents are as useful as a master tax guide or tax handbook and may ultimately save a CPA from time-consuming and costly litigation or disciplinary proceedings.
This column reviews the advent of Schedule UTP, considers the applicable ethical rules, and offers some best practice tips for practitioners.
Many practitioners find that the IRS does not process their Form 2848 filings and returns them because the form was prepared or filed incorrectly.
the Second Circuit held that the taxpayer did not waive the attorney-client privilege by sharing documents with a consortium of banks with which the taxpayer had a common legal interest.
This column explores the interrelationship of ethical and practical considerations that start before client data come into the office and continue after the return is filed.
An Overview of Tax Practice Issues That Arise Under Statement on Standards in Personal Financial Planning Services
This column discusses some of the issues that might arise for tax practitioners in light of Statement on Standards in Personal Financial Planning Services.
This column provides an overview of the various provisions and resources that should be consulted if a tax professional is considering a review of his or her tax practice systems and procedures.
From foreign accounts to health care, from marijuana businesses to captive insurance, emerging tax issues are presenting practitioners with thorny due-diligence problems.
This article examines the unique income tax issues that are faced by regulated marijuana businesses and their CPAs.
CPAs who oversee their firm's practice should take note of the changes to expansion of supervisory obligations under Circular 230.