Ethics 23 Section 4

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Feb 20, 2024

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Test - U.S. Tax 2023 - Ethics - Exam Time remaining Section 4 Question 17 of 30. Generally, a tax preparer must never provide a copy of a taxpayer's tax return to any other party. However, there are two exceptions allowing for limited disclosure. What are these exceptions? @ The related party exception and the written consent exception. O The cohabitation exception and the written consent exception. O The related party exception and the shared child exception. O There are no exceptions, and tax preparers must never share tax return information under any circumstance. (J Mark for follow up Question 18 of 30. Thinking back on what you read, are discussions surrounding the preparation of a tax return privileged? O Yes, if the return preparer is authorized to practice before the IRS. @ No, information provided to prepare income tax returns is not privileged. O Yes, if the taxpayer specifically requests the discussions be privileged. O No, because the IRS will not recognize a representative's power of attorney without an engagement letter. (J Mark for follow up Question 19 of 30. Reflecting on what you read in the course, what does it mean when a document or information is "privileged"? O The tax preparer who prepared the document or information is the only person who may authorize its disclosure. O The document or information is not relevant to the determination of the taxpayer's tax liability. O The IRS and other authorities may obtain and review the document or information, but they may not use it against the client. @ The document or information is protected from discovery and use by the IRS. (J Mark for follow up Question 20 of 30. The confidentiality privilege between clients and enrolled agents applies to which of the following matters? O state tax matters. O Tax proceedings before the IRS and in federal courts with regard to criminal tax matters in which the IRS is a party. @ Tax proceedings before the IRS and in federal courts with regard to non-criminal tax matters in which the IRS is a party. O Corporate tax matters. (J Mark for follow up Question 21 of 30. The confidentiality privilege under i 27525 of the Internal Revenue Code applies to all of the following individuals EXCEPT? O An Enrolled Agent. O An Enrolled Actuary. @ A bookkeeper who is not a CPA or Enrolled Agent. O AcPA. (J Mark for follow up [ « Back ] [ Save / Return Later ] [ Summary ] [ Next » ]
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