Ethics - IPT

Question 1

1.

Answer 1

1) IT IS UNETHICAL to engage in any conduct that discredits IPT, its membership, or the tax profession

Question 2

2.

Answer 2

2) IT IS UNETHICAL to engage in any activity that results in conviction of any crime committed in connection with the member’s involvement in a tax matter

Question 3

3.

Answer 3

3) IT IS UNETHICAL to operate beyond the boundaries of an agreed relationship with an employer or client

Question 4

4.

Answer 4

4) IT IS UNETHICAL for a member of IPT to state or imply that such member represents a person that the member does not represent, or to file any document on behalf of such person without representation

Question 5

5.

Answer 5

5) IT IS UNETHICAL to disclose confidential employer or client documents or information except with the consent of the employer or client or as required by law

Question 6

6.

Answer 6

6) IT IS UNETHICAL to offer or give anything of value to a public official to induce that official to take any action with respect to a tax matter

Question 7

7.

Answer 7

7) IT IS UNETHICAL to offer or give anything of material value to an individual in an employment, advisory or representative relationship with a business to induce that individual to recommend the purchase of goods or services by the business, and IT IS UNETHICAL for such individuals to receive such value

Question 8

8.

Answer 8

8) IT IS UNETHICAL to pay, retain, or accept a share of a fee or other monetary compensation for the referral of a person to another for the provision of tax services in which the recipient of such compensation does not participate, unless advance notice is given to the person for whom such services are to be performed. The amount of the compensation for the referral need not be disclosed unless requested by the person for whom the services are to be performed

Question 9

9.

Answer 9

9) IT IS UNETHICAL to solicit a tax assignment by assuring a specific result or to solicit, assign, accept or perform a tax assignment that is conditioned upon producing a preconceived opinion or conclusion.

Question 10

10.

Answer 10

10) IT IS UNETHICAL to initiate or pursue an appeal, protest, refund claim or other action on behalf of a taxpayer for which there is known to be no basis in fact or law. When the basis is unknown, the determination of whether a basis in fact or law exists must be made as soon as reasonably possible.

Question 11

11.

Answer 11

11) IT IS UNETHICAL for a member, in the performance of a tax assignment, to fail to exercise independent judgment in advising and representing a client

Question 12

12.

Answer 12

12) IT IS UNETHICAL in the performance of a tax assignment to knowingly furnish or knowingly rely upon inaccurate, deceitful or misleading information, or to knowingly withhold information which lawfully should be revealed

Question 13

13.

Answer 13

13) IT IS UNETHICAL to prepare or use in any manner, for any purpose, a resume or statement of professional qualifications that is misleading or false

Question 14

14.

Answer 14

14) IT IS UNETHICAL in promoting a tax practice or soliciting tax assignments to make misleading or false representations

Question 15

15.

Answer 15

15) IT IS UNETHICAL to use client listings or references without specific authorization

Question 16

16.

Answer 16

16) IT IS UNETHICAL to state or imply IPT authorization, endorsement or approval of any business, product or service

Question 17

17.

Answer 17

17) IT IS UNETHICAL in any representation of fact to IPT, in a membership application, renewal form, or otherwise, to knowingly furnish inaccurate, deceitful, or misleading information, or to knowingly withhold material

Question 18

18.

Answer 18

18) IT IS UNETHICAL for a member having supervisory responsibility for another tax professional to knowingly authorize, direct, permit or ratify any subordinate’s act or omission that is declared unethical by the Code, regardless whether the subordinate is a member of IPT

Question 19

19.

Answer 19

19) IT IS UNETHICAL to represent a client if such representation would be, or would risk being, adverse to the interests of another client unless each affected client gives informed written consent to such representation

Question 20

20.

Answer 20

20) IT IS UNETHICAL to have, acquire, or seek a personal interest in a matter that is adverse to the interests of a client or employer