Circular 230
Lesson:
The Treasury Department Circular 230 covers the regulations over people who practice before the Internal Revenue Service.
Violations of these regulations can be punished severely, so it's important to understand the document's contents.
You're going through Circular 230, trying to understand its contents.
Can a tax preparer recommend a position that could potentially be rejected by the IRS?
Answer:
- Yes. As long as there is a reasonable basis for the position, and it is recommended in good faith, she may suggest it.