R6 Flashcards
1
Q
circular 230, client document retention
A
tax preparer may retain copies of records returned to the tax payer, but must return all requested records
2
Q
circular 230, if CPA finds an error after mailing return
A
promptly advise client of the erroer
3
Q
under circular 230 (10.23) what is the rule regarding prompt disposition of pending matters
A
practitioners may not unreasonably delay the prompt disposition of matters pending before the IRS
4
Q
biggest difference bt a complex and simple trist
A
only complex trusts may distribute principal (corpus)
5
Q
tax on donation to political party?
A
nah
6
Q
in tax law, what holds most authoratative value?
A
IRC
7
Q
Upon receipt of a notice of deficiency from the IRS, how many days do they have to file a petition or pay the deficiency
A
90 days
