IRS Circular 230 – Best Practices for Tax Advisors

Sec. 1033 Best Practices for Tax Advisors

Tax advisors should provide clients with the highest quality representation concerning federal tax issues in providing advice and IRS submissions. Best practices include:

1. Communicate clearly with client regarding terms of engagement, including: determine client’s expected purpose;

2. Establish the facts, determining which facts are relevant, evaluating the reasonableness of any assumptions or representations, relating the applicable law to the relevant facts and arriving at a conclusion supported by the law and the facts (emphasis added);

3. Advising the client regarding the impact of conclusions reached; and

4. Acting fairly and with integrity in practice before the IRS.

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