1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mademuasel [1]
1 year ago
8

under teh statements on standards for tax services, a cpa may recommend a tax return if the position is frivolous and the positi

on is not disclosed on the tax return
Business
1 answer:
Papessa [141]1 year ago
5 0

Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. This statement is false.

A taxpayer wants to take a position on a tax return that the CPA determines is frivolous. However, the CPA and the taxpayer determine that the possibility of the return being selected for audit is remote and that even if the return is selected for audit the issue most likely will not be raised.

  • Cannot sign or prepare the return .
    The CPA concludes that a taxpayer's desire to comment on a tax return is frivolous. However, the CPA and the taxpayer come to the conclusion that it is unlikely that the return will be chosen for audit and that, even if it is, the matter most likely won't be brought up.
  • A taxpayer is anybody who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
  • A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns provide taxpayers the option to determine their tax burden, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.

Complete question: Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. True Or False? This problem has been solved! See the answer Under the Statements on Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. True or False?

To know more about taxpayer visit:
brainly.com/question/14782474
#SPJ4

You might be interested in
Assume you are the CFO of a factory that supplies product to a large well-known retail chain. It is your company's policy, and t
Molodets [167]

Answer: It is not ethical

Explanation:

Ethics is defined as a moral philosophy that is good for individuals and the society at large.

The basic principles of ethics are objectivity , professional due - care and competence, professional behavior , integrity and confidentiality.

The act of intimidation by the retail chain is un ethical as it is not to the benefit of the suppliers, Moreover , this act violates the principle of professional behavior and integrity.

A good ethical practice respects the trading policies of business partners.

6 0
3 years ago
What happens when sellers compete with other sellers to meet consumer's demands, and consumers compete with other consumers to f
Marrrta [24]

Answer:

Markets are competitive.

Explanation:

In the competitive market, the number of sellers competed with each other in terms of prices, quality, maximize the market share.

In the given situation, various sellers are competed with each other for meeting out the consumer demands also at the same time it offers the goods at lowest cost and highest quality so that it capture the whole market

Therefore the second option is correct

6 0
3 years ago
Which two tasks does a public affairs officer do?
spayn [35]

Answer:

planning publicity strategies and campaigns. writing and producing presentations and press releases. dealing with enquiries from the public, the press, and related organisations. organising and attending promotional events such as press conferences, open days, exhibitions, tours and visit.

8 0
3 years ago
"The Federal Reserve raises the reserve requirement from 7 percent to 8 percent. Consequently banks must set aside more money an
joja [24]

Answer: a. Inflation

Explanation:

Inflation refers to the general rise in prices of items in an economy in a certain period of time. Inflation essentially erodes the value of the domestic currency of the economy in question.

Central Banks like the Fed can use Monetary policy to influence inflation. In this case they reduced the amount of money in the economy by reducing bank loans. This will ensure that people cannot spend too much which would increase demand and therefore increase prices.

By doing this, they have limited the likelihood of inflation.

6 0
3 years ago
is the term used to describe the ongoing exchange of ideas, money, goods and services, art works, and languages among nations an
Tamiku [17]

<u>Globalization</u> is the term used to describe the ongoing exchange of ideas, money, goods, services, artworks, and languages among nations and across cultures. It is used to describe how theatre productions can be created across international boundaries.

So if the corporation is there to provide services and infrastructure to aid the making of a program, then it's a production services agency, like XYZ manufacturing organization. An employer that offers creative offerings and paths for a couple of applications and clients, is QRSTUV productions.

Production is the process of making or manufacturing items and merchandise from raw materials or components. In other phrases, manufacturing takes inputs and uses them to create an output that is in shape for intake – a good or product that has a price to a quit-person or purchaser.

Manufacturing is the method of creating, harvesting, or creating something or the quantity of something that became made or harvested. An instance of production is the introduction of furniture. An instance of production is harvesting corn to eat. An example of manufacturing is the amount of corn produced.

Learn more about productions here productionsbrainly.com/question/16790743

#SPJ4

8 0
2 years ago
Other questions:
  • What can communicators do to ensure facts, rather than vague impressions, are shared?
    7·1 answer
  • Mirage Inc., a management consulting firm, plans to increase its profits by expanding its services to target new customers. It w
    15·1 answer
  • The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is
    6·1 answer
  • Walton Company paid $94,000 to purchase a machine on January 1, 2017. During 2019, a technological breakthrough resulted in the
    6·1 answer
  • Investment advisors at your local bank branch office: a) Are not able to plan strongly diversified portfolios for their customer
    11·1 answer
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a
    5·1 answer
  • A good economic theory is best described as one that:: A. Is true. B. Realistically depicts the real world economists are trying
    15·1 answer
  • How do working conditions and company's image motivate employees?
    9·1 answer
  • Many influential economists, politicians, and business leaders think that a shift toward a more integrated and interdependent gl
    14·1 answer
  • Review of the 15-inch HUAWEI MateBook D15 laptop
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!