Code Of Conduct, Ssts And Other Regulations

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1. Introduction
Tax professionals have to adhere to the rules set by the Code of Conduct, SSTS and other regulations. In order to perform their job appropriately they have to be honest, objective, and remain conflict free while working with clients. The tax professional assists their client as a guide, but the ultimate responsibility of accuracy relies on the taxpayer. The taxpayer or tax paying entity uses their tax preparer for guidance since they are aware of tax rules and regulations. The purpose of the tax return that is filed yearly for each tax payer or tax paying entity serves the purpose of being a summary of activity through the year for the government to access what portion of the activity spending is owed to the government. If the client is wealthy or an extremely large entity, preparing their tax return can then become an extremely complex job which will require the tax preparer to refer to the several rules and regulations for proper filing.
2. Tax Ethics and Professionals Standards
The ethical standards to be followed by CPAs in tax practice require them to know about applicable rules of the AICPA, IRS, and other statutory and regulatory rules. According to aicpa.org, “CPA tax practitioners are subject to many different standards and ethics rules, including AICPA Code of Professional Conduct (the AICPA Code), AICPA Statements on Standards for Tax Services (the Standards), Treasury Circular 230, Regulations Governing Practice Before the Internal Revenue
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