Questions from Federal Taxation

Q: It has been said that the tax research process is more circular

It has been said that the tax research process is more circular than linear. Do you agree with this statement? Explain your answer.

Q: What are the four best practices under Circular 230 § 10.

What are the four best practices under Circular 230 § 10.33?

Q: A practitioner cannot give written advice under Circular 230 § 10.

A practitioner cannot give written advice under Circular 230 § 10.37 in which situations?

Q: What is a technical advice memorandum? Who may request it?

What is a technical advice memorandum? Who may request it? What kinds of issues are addressed therein? Does the IRS include technical advice memoranda in any official publication?

Q: A compensated individual who prepares or assists with the preparation of all

A compensated individual who prepares or assists with the preparation of all or substantially all of a tax return or claim for refund must have a PTIN. What is a PTIN, and which individual(s) are requ...

Q: Not all individuals who for compensation prepare or assist with the preparation

Not all individuals who for compensation prepare or assist with the preparation of all or substantially all of a tax return or claim for refund are subject to the duties and restrictions relating to p...

Q: Practicing CPAs generally are subject to the AICPA Code of Professional Conduct

Practicing CPAs generally are subject to the AICPA Code of Professional Conduct. What is its stated purpose?

Q: Briefly list and discuss the primary threats to complying with the Independence

Briefly list and discuss the primary threats to complying with the Independence Rule of the AICPA Code of Professional Conduct.

Q: What specific tax-related situations may result in a conflict of

What specific tax-related situations may result in a conflict of interest for members in public practice under the Integrity and Objectivity Rule of the AICPA Code of Professional Conduct?

Q: A CPA in public practice must meet certain general standards under §

A CPA in public practice must meet certain general standards under § 1.300.001 (the General Standards Rule). Discuss the four general standards of this rule.