For tax advice to be a tax return
position, it must be reflected somewhere on a tax return
Specifically, a person will be considered engaged in the business of preparing tax returns
if, in the course of the person's business, the person holds himself out to either tax return
preparers or taxpayers as a person who prepares tax returns
or assists in preparing tax returns
Many taxpayers have come to me because they have not filed their tax returns
for a number of years.
7216-2(o), which governs the production of statistical information in connection with tax return
99 percent of the individuals who provided comments on outreach and communication for paid tax return
preparers favor increased efforts.
The Seventh Circuit agreed with the government, holding that (1) the preparation of a tax return
is traditional "accounting work" and not the providing of legal advice; (2) communications between a lawyer and a taxpayer relating to the preparation of an as-yet unfiled tax return
are not privileged because the lawyer is then functioning as an accountant and not as a lawyer (on the ground that tax return
preparation is not "lawyer's work"); (3) communications between the lawyer and the client that touched on matters relating to both the tax return
preparation and the ongoing investigation had a "dual purpose," only one of which was privileged; and (4) the non-privileged purpose of the communication contaminated the otherwise privileged nature of the same communication.
A client's tax return
information is processed according to uniform handling procedures, so anyone can quickly locate and complete a return.
The regulations apply to those who provide "financial services," as defined by the Federal Reserve Board, which has long included tax planning, tax return
preparation and financial planning.
7216 that govern the circumstances in which tax return
preparers can disclose or use certain limited tax return
TEI President Judith Zelisko urged Congress to reject as unsound a proposal to require company chief executive officers to sign a declaration that the corporate tax return
complies with the Internal Revenue Code and that the company has processes in place to ensure the return is accurate in all material respects.