Advising Clients Regarding Erroneous Tax Return Positions Part II
This article discusses what tax practitioners must do if their client fails to heed their advice whan an error is found on a tax return and what to do when the error is attributable to the tax practitioner’s own advice.
Published on July 01, 2013
CPA Conflicts of Interest
Avoiding conflicts of interest requires CPAs to aggressively identify potential conflicts and take appropriate remedial action.
Published on September 01, 2010
AICPA News Update Vol. 13 No. 24
Download Paper on NFP’s Audit Committees
Published on June 11, 2010
Taxpayer Representation in the Shadow of Preparer Discipline
Tax practitioners at times must balance client interests and their own professional interests. This issue takes on even greater import when the CPA is representing a client before the IRS.
Published on November 01, 2013
A New Road Map for CPAs Professional Conduct When Providing PFP Services
The PFP Executive Committee issued a statement to provide guidance to members and help them uphold the highest levels of integrity, professionalism, objectivity, and competence.
Published on March 01, 2014
Conflicts of Interest IRS Rules Differ from AICPA Professional Standards
Circular 230 forbids federal tax practitioners from having conflicts of interest, defined as representation of one client that is directly adverse to that of another client, or representing a client in circumstances creating a significant risk that the representation of one or more clients will be materially limited by the
Published on November 01, 2011
Practical Approaches to Common Conflicts of Interest
This column highlights some common conflicts of interest encountered by CPA tax practitioners and offers some practical means of properly addressing the consequential ethical issues.
Published on May 01, 2014
Circular 230, Section 10.21, and SSTS No. 6 Standards Relating to Taxpayer Errors and Omissions
Circular 230 SSTS No. 6 impose standards of conduct on CPAs who discover an error or omission in a prior-year tax return.
Published on August 01, 2012
Concerns About CPA Letters to Third Parties
A CPA receives a request from a client to provide a letter to the client’s mortgage broker, lender, adoption agency, or other third party. Is there any harm in the CPA signing the client’s suggested letter or writing one of her own?
Published on June 01, 2008
Partners Limited Liability and Self-Employment Tax
The decision in Renkemeyer, Campbell & Weaver, LLP, signals that special allocations not supported by a written partnership agreement and without substantial economic effect will not withstand an IRS challenge and that classification of an interest in a partnership as a limited partner interest should not be predicated simply on
Published on July 01, 2011