ACC 575 Week 3 Assignment 1
- . Create an argument supporting the following premise: The requirements of Circular 230, as well as the consequences related to violations of the compliance rules for individual or corporate taxes, have reduced tax fraud activity.
Suggest what you believe to be the most flagrant ways in which tax preparers violate IRS Circular 230 rules, and provide a rationale for your response. Propose the most likely IRS penalty for the violation identified, and recommend the most important alternative action(s) that the IRS could take to prevent this type of violation in the future.
3. Evaluate the current Circular 230 requirements to practice before IRS, and recommend at least two (2) new requirements for tax practitioners that would improve overall ethical behavior and compliance and avoid IRS penalties. Support your recommendation with examples.
4. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
• €Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• €Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.