AUD 2 Professional Responsibilities and Ethics 7 Flashcards
1
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of t__ services, which include recommending a t__ position to a client or preparing or signing a client’s t__ return.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
2
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the per________ of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
3
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include re_________ing a tax position to a client or preparing or signing a client’s tax return.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
4
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or pre___ing or signing a client’s tax return.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
5
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or s___ing a client’s tax return.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
6
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) g____ a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
7
Q
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
The practitioner should determine and comply with standards established by the applicable tax au_____y for recommending tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
8
Q
Tax Services (TS)
The practitioner should de_____e and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
9
Q
Tax Services (TS)
The practitioner should determine and com___ with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
10
Q
Tax Services (TS)
The practitioner should determine and comply with st________s established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
11
Q
Tax Services (TS)
The practitioner should determine and comply with standards es______ed by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
12
Q
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for re________ing tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
13
Q
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return po_____s or preparing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
14
Q
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or pre___ing or signing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
15
Q
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or si__ing tax returns.
A
Tax Services (TS)
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
16
Q
Tax S_______s (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
A
Tax Services (TS)
Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.
The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.
17
Q
Tax Services (TS)
TS establish m______m standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
18
Q
Tax Services (TS)
TS establish minimum s________s for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
19
Q
Tax Services (TS)
TS establish minimum standards for re________ing a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
20
Q
Tax Services (TS)
TS establish minimum standards for recommending a tax po_____n or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
21
Q
Tax Services (TS)
TS establish minimum standards for recommending a tax position or pre___ing or s___ing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
22
Q
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those ju_______ns that either do not have formal standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
23
Q
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have for___ standards or have standards that are not as strict as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
24
Q
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as st____ as those imposed by TS.
A
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
25
Tax Services (TS)
• The practitioner should not re________ a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
26
Tax Services (TS)
• The practitioner should not recommend a position or pre____ or s___ a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
27
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a g____ faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
28
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith be____ that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
29
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial au______y
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
30
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being su_______ed on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
31
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the ba___ of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
32
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the me___s of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
33
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
t__ing a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
34
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in fa___ of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
35
Tax Services (TS)
• The prac_____er should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
Tax Services (TS)
• The practitioner should not recommend a position or prepare or sign a tax return
taking a position that the practitioner does not have a good faith belief that has substantial authority
in favor of its being sustained on the basis of the merits of the position.
36
Tax Services (TS)
• The practitioner may re________ a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
37
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner con_____s that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
38
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a re________ basis for the position
and advises the taxpayer to appropriately disclose the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
39
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the po______
and advises the taxpayer to appropriately disclose the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
40
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and ad____s the taxpayer to appropriately disclose the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
41
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately dis_____ the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
42
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the tax___er to appropriately disclose the position.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
43
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the pos____n.
Tax Services (TS)
• The practitioner may recommend a tax return position
if the practitioner concludes that there is a reasonable basis for the position
and advises the taxpayer to appropriately disclose the position.
44
Tax Services (TS)
• The practitioner may also pre____ or s___ a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is appropriately disclosed.
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is appropriately disclosed.
45
Tax Services (TS)
• The pra_____er may also prepare or sign a tax return that takes a position that
the pra_____er concludes has a reasonable basis
and is appropriately disclosed.
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is appropriately disclosed.
46
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a rea______ basis
and is appropriately disclosed.
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is appropriately disclosed.
47
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner con_____s has a reasonable basis
and is appropriately disclosed.
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is appropriately disclosed.
48
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is app_______ly disclosed.
Tax Services (TS)
• The practitioner may also prepare or sign a tax return that takes a position that
the practitioner concludes has a reasonable basis
and is appropriately disclosed.
49
Tax Services (TS)
• The practitioner should ad____ the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
50
Tax Services (TS)
• The practitioner should advise the client regarding potential pe____ies related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
51
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of av___ing penalties through adequate disclosure.
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
52
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through ade_____ disclosure.
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
53
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate dis______.
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
54
Tax Services (TS)
• The pra_______er should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
Tax Services (TS)
• The practitioner should advise the client regarding potential penalties related to tax positions taken
and the possibility of avoiding penalties through adequate disclosure.
55
Tax Services (TS)
Each tax jurisdiction may have its own re_____ing and disclosure standards.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
56
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disc____ standards.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
57
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a g____er than 50% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.
58
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than __% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.
59
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sus____ed on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.
60
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its me___s.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.
61
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the pra______er should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
indicates that
there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.
62
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the po______,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
63
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Sub_____ial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
64
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial au_____y
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
65
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those au_______ve sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
66
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are sub_____ial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
67
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those op___ing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
68
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often re____ing approximately 40% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
69
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately __% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
70
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its m____s.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Substantial authority
indicates that
those authoritative sources supporting the position are substantial in relation to those opposing the position,
often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.
71
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the pra_____er believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
72
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sus____ed on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
73
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its m____s.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
74
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Rea_____c possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
75
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of suc___s indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
76
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a ___ likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
77
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic pos______y
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
78
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is app_______ly a 1/3 likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
79
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner be_____s that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Realistic possibility
of success indicates that
the practitioner believes that there is approximately a 1/3 likelihood
that the position will be sustained on the basis of its merits.
80
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more cre____e authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
81
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible au_____ies support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
82
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not sa___ied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
83
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is me__ly arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
84
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arg_____.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
85
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The st______ is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
86
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A rea_______ basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
87
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a __% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
88
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sus_____ed on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
89
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the po_____ is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
90
Tax Services (TS)
• Rea_______ basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
Tax Services (TS)
• Reasonable basis
indicates the practitioner believes that
one or more credible authorities support the position
and that the position is not frivolous or patently improper.
o The standard is not satisfied if the position is merely arguable.
o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.
91
Tax Services (TS)Tax Services (TS)
Each tax ju________n may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
92
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• Mo__ likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
93
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Su_______ial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
94
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Re______c possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
95
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic po_______y
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
96
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Re_______ basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
97
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial au______y
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
greater than 50% or > 50%
success rate
• Substantial authority
approximately 40%
success rate
• Realistic possibility
approximately a 1/3 or 33.33%
success rate
• Reasonable basis
20%
success rate
98
Tax Services (TS)
Each tax jurisdiction may have its own reporting and dis_____ standards.
Those that the practitioner should be familiar with include:
• More likely than not
> 50%
• Substantial authority
~ 40%
• Realistic possibility
~ 1/3 or 33.33%
• Reasonable basis
20%
Tax Services (TS)
Each tax jurisdiction may have its own reporting and disclosure standards.
Those that the practitioner should be familiar with include:
• More likely than not
> 50%
• Substantial authority
~ 40%
• Realistic possibility
~ 1/3 or 33.33%
• Reasonable basis
20%
99
Tax Services (TS)
TS es______ minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
* The practitioner should not recommend a position or prepare or sign a tax return taking a position that the practitioner does not have a good faith belief that has substantial authority in favor of its being sustained on the basis of the merits of the position.
* The practitioner may recommend a tax return position if the practitioner concludes that there is a reasonable basis for the position and advises the taxpayer to appropriately disclose the position.
* The practitioner may also prepare or sign a tax return that takes a position that the practitioner concludes has a reasonable basis and is appropriately disclosed.
* The practitioner should advise the client regarding potential penalties related to tax positions taken and the possibility of avoiding penalties through adequate disclosure.
Tax Services (TS)
TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.
* The practitioner should not recommend a position or prepare or sign a tax return taking a position that the practitioner does not have a good faith belief that has substantial authority in favor of its being sustained on the basis of the merits of the position.
* The practitioner may recommend a tax return position if the practitioner concludes that there is a reasonable basis for the position and advises the taxpayer to appropriately disclose the position.
* The practitioner may also prepare or sign a tax return that takes a position that the practitioner concludes has a reasonable basis and is appropriately disclosed.
* The practitioner should advise the client regarding potential penalties related to tax positions taken and the possibility of avoiding penalties through adequate disclosure.
100
Tax Services (TS)
The Substantial Authority standard is con_____ed to be an approximately 40% likelihood of success.
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
101
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• S_______ial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
102
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More l____y than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
103
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Re______ possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
104
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than ___ standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
Tax Services (TS)
The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:
• More likely than not standard
> 50% probability of success
if tax position is challenged
• Substantial authority standard
≈ 40% probability of success
• Realistic possibility of success
≈ 33% (1/3) probability of success
• Reasonable basis standard
≈ 20% probability of success.
(≈ approximately)
105
Tax Services (TS)
A position taken may conflict with a position that pr_______ly resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
106
Tax Services (TS)
A po_______ taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
107
Tax Services (TS)
A position taken may co______t with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
108
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an ad________e proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
109
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax a____) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
110
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court de_______,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
111
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative pro____ing (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
112
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or co___ decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
113
Tax Services (TS)
A position taken may conflict with a position that previously re____ed from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
114
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified tre______t in later tax returns.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
115
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax re___s.
Tax Services (TS)
A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,
provided taxpayer is not be bound to the specified treatment in later tax returns.
116
Tax Services (TS)
When providing tax ad____ to clients:
• Any written communication should comply with standards of taxing authorities.
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should comply with standards of taxing authorities.
117
Tax Services (TS)
When providing tax advice to clients:
• Any wr____n communication should comply with standards of taxing authorities.
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should comply with standards of taxing authorities.
118
Tax Services (TS)
When providing tax advice to clients:
• Any written com________n should comply with standards of taxing authorities.
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should comply with standards of taxing authorities.
119
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should com___ with standards of taxing authorities.
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should comply with standards of taxing authorities.
120
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should comply with standards of taxing au______ies.
Tax Services (TS)
When providing tax advice to clients:
• Any written communication should comply with standards of taxing authorities.
121
Tax Services (TS)
When providing tax advice to clients:
• It should be ass___ed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
122
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
ad____ will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
123
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the re____ing
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
124
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or dis_______ of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
125
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax re____s
and should consider standards for re____ reporting
and disclosure and potential consequences
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
126
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential cons_______es
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
127
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and dis______ and potential consequences
of the position, such as penalties.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
128
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as pe_____ies.
Tax Services (TS)
When providing tax advice to clients:
• It should be assumed that
advice will affect the reporting
or disclosure of transactions
on the client’s tax returns
and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.
129
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inf___ the client of subsequent developments affecting advice previously given.
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting advice previously given.
130
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of sub_______ developments affecting advice previously given.
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting advice previously given.
131
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent de_________s affecting advice previously given.
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting advice previously given.
132
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting ad____ previously given.
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting advice previously given.
133
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting advice pre_____ly given.
Tax Services (TS)
When providing tax advice to clients:
• The CPA need not inform the client of subsequent developments affecting advice previously given.
134
Tax Services (TS)
When providing t__ advice to clients:
* Any written communication should comply with standards of taxing authorities.
* It should be assumed that advice will affect the reporting or disclosure of transactions on the client’s tax returns
and should consider standards for return reporting and disclosure and potential consequences of the position, such as penalties.
• The CPA need not inform the client of subsequent developments affecting advice previously given.
Tax Services (TS)
When providing tax advice to clients:
* Any written communication should comply with standards of taxing authorities.
* It should be assumed that advice will affect the reporting or disclosure of transactions on the client’s tax returns
and should consider standards for return reporting and disclosure and potential consequences of the position, such as penalties.
• The CPA need not inform the client of subsequent developments affecting advice previously given.
135
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer ___ questions on the return.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
136
Tax Services (TS)
Before s___ing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
137
Tax Services (TS)
Before signing, the ___ makes a reasonable effort to obtain information necessary to answer all questions on the return.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
138
Tax Services (TS)
Before signing, the CPA makes a rea______ effort to obtain information necessary to answer all questions on the return.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
139
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to ob____ information necessary to answer all questions on the return.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
140
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the re____.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
141
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all q_______s on the return.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
142
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the tax_____ or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
143
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the c____.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
144
Tax Services (TS)
Without obtaining ver______, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
145
Tax Services (TS)
Without obtaining verification, the CPA may re__ on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
146
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not i_____ indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
147
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore in________s that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
148
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is in______t, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
149
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, in_______e, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
150
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or in________t with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
151
Tax Services (TS)
Without obtaining verification, the CPA may rely on in_________ obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
152
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s kn_______e of the client.
Tax Services (TS)
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
153
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
W_____t obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
154
Tax Services (TS)
* Client es_______s may be used if the CPA believes them to be reasonable.
* Es______s should be presented such that it is clear they are es_______s.
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
155
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be rea______e.
* Estimates should be presented such that it is cl___ they are estimates.
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
156
Tax Services (TS)
* C_____ estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
157
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be pr_____ed such that it is clear they are estimates.
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
158
Tax Services (TS)
* Client estimates may be u___ if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
Tax Services (TS)
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
159
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information ne______y to answer all questions on the return.
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
Tax Services (TS)
Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.
Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others
but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.
* Client estimates may be used if the CPA believes them to be reasonable.
* Estimates should be presented such that it is clear they are estimates.
160
Tax Services (TS)
The CPA may become aware of an er___ on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
161
Tax Services (TS)
The CPA may become aware of an error on a previously filed re____ or in a re____ that is subject to an administrative proceeding, or that a required re____ was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
162
Tax Services (TS)
The CPA may become aw___ of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
163
Tax Services (TS)
The CPA may become aware of an error on a pre_____y filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
164
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is su_____ to an administrative proceeding, or that a required return was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
165
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an ad________e proceeding, or that a required return was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
166
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative pro_____ing, or that a required return was not filed.
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
167
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a re____ed return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
168
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing au____y without permission from the c____, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
169
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without per_______n from the client, but should:
* Promptly inf___ the client
* Advise the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
170
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may ___ inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
171
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority w_____t permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
172
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the c____
* Advise the c____, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
173
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but sh____:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
174
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Ad____ the client, orally or in writing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
175
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, or____y or in w___ing, of the potential error
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
176
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential er____
Tax Services (TS)
The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.
The CPA may not inform the taxing authority without permission from the client, but should:
* Promptly inform the client
* Advise the client, orally or in writing, of the potential error
177
Tax Services (TS)
A CPA should consider w_______l from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
178
Tax Services (TS)
A CPA should consider withdrawal from an en_________ where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
179
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has f___ed to correct an error in a prior return and should evaluate a continued relationship with the client.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
180
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an er____ in a prior return and should evaluate a continued relationship with the client.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
181
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a p____ return and should evaluate a continued relationship with the client.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
182
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued re_______p with the client.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
183
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to av___ repeating the error if it is deemed appropriate to prepare the current return.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
184
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid re_____ing the error if it is deemed appropriate to prepare the current return.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
185
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the e____ if it is deemed appropriate to prepare the current return.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
186
Tax Services (TS)
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the cu_____ return.
Tax Services (TS)
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
187
Tax Services (TS)
The ___ should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
Tax Services (TS)
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
188
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
• The CPA should request that the client in____ a taxing authority of an error when representing the client in an administrative proceeding.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
189
Tax Services (TS)
• The CPA should re_____t that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
Tax Services (TS)
• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
190
Tax Services (TS)
• The CPA should request that the client inform a taxing authority of an e____ when representing the client in an administrative proceeding.
Tax Services (TS)
• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
191
Tax Services (TS)
• The CPA should request that the client inform a taxing authority of an error when representing the client in an ad________e pro_____ing.
Tax Services (TS)
• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
192
Tax Services (TS)
• The ___ should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
Tax Services (TS)
• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
193
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
• The CPA should request that the c_____ inform a taxing authority of an error when representing the client in an administrative proceeding.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
194
Tax Services (TS)
• Failure to obtain per______n may result in withdrawal from the engagement and evaluation of the client relationship.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
* The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
* Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
195
Tax Services (TS)
• Failure to obtain permission may result in withdrawal from the en________ and evaluation of the client relationship.
• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
196
Tax Services (TS)
• Failure to obtain permission may re____ in withdrawal from the engagement and evaluation of the client relationship.
Tax Services (TS)
• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
197
Tax Services (TS)
• Failure to obtain permission may result in w_______l from the engagement and evaluation of the client relationship.
Tax Services (TS)
• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
198
Tax Services (TS)
• Failure to obtain permission may result in withdrawal from the engagement and eva______ of the client relationship.
Tax Services (TS)
• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
199
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
* The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
* Fa_____ to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
* The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
* Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
200
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
* The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
* Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client re________p.
Tax Services (TS)
A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.
The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.
* The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
* Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.
