Students will write a 5‐page paper (Times New Roman, 12 pt. font, 1 in. margins) on ethical guidelines for tax practitioners.
Students are expected to use source materials (e.g. Circular 230 and/or AICPA standards) in their paper.
“A CPA has a personal tax services business and provides taxation services for a married couple throughout the duration of their marriage. Now, the couple is going through a divorce and it will be difficult to represent either party since the personal accountant has been providing advice for both individuals. There might occur a potential conflict of interest if the accountant continues providing advice for both parties during the divorce period. Using the AICPA STSS’s and Circular 230, I will investigate the duties of the tax preparer and the proper steps in dealing with this ethical dilemma to ensure proper representation.”