To Verify or Let It Fly: What to Do About Questionable Tax Return Information
Tuesday, June 30, 2020
2CREDITSRegulatory Ethics (not DE Ethics)
Tax return preparation and consulting always involves the accountant's review of - and reliance on - information provided by the client. Not everything can, or need be, verified. This workshop considers the duty of CPA tax return preparers to make further inquiries, from the perspective of Circular 230, preparer penalties and professional ethics.
Review the verification requirements imposed by statute, by the IRS and by the accounting profession for purposes of accounting and professional ethics.
Compare accounting for tax uncertainties in financial and tax accounting.
Critique the verification procedures and protocols utilized in real world cases (Case Studies)
The Verification Drill
Tax Ethics and the Conceptual Framework
The Tax Uncertainties Dance (Tax and Financial Reporting)
Cases and Controversies
Blanco v. United States
U.S. v. Fairchild