Tax law is complicated, and the answers are not always clear. When a client wants you to take a tax return position, such as reporting income as capital gain or taking a deduction, how sure do you have to be that your position is correct? If the IRS audits the position, when can the client be subject to penalties? When can you, the preparer, be subject to penalties? When you collect information from your client, can you just accept what your client tells you, or do you have to audit the client’s representations? What are your ethical responsibilities under the Statements of Standards for Tax Services when confronted with unclear positions? This program will address these and other questions.

 Learning Objectives:

• Identify ways to provide your clients with the best advice possible


• Identify ways to avoid penalties and complying with your ethical obligations