ACT612DB1 - Discussion Board 1: Timothy A. Davis-Hurt...

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Discussion Board 1: Timothy A. Davis-Hurt ACCT642 Liberty University January 20, 2011 Tax practitioners are often pressured by clients to bend the tax laws as far as possible, or sometimes even break them, in order to secure the lowest possible tax burden. What legal, moral, or ethical rules and/or standards might limit this type of activity? What would the Scriptures reveal with regard to the obligation to pay taxes, bending the tax laws, or breaking those laws? How might a tax practitioner respond to a client or prospective client who expects this type of behavior? What legal, moral, or ethical rules and/or standards might limit this type of activity? What would the Scriptures reveal with regard to the obligation to pay taxes, bending the tax laws, or breaking those laws? How might a tax practitioner respond to a client or prospective client who expects this type of behavior? Tax practitioners are often faced with dilemmas when preparing income taxes for organizations and individuals. One particular dilemma which tax practitioners face is clients sometimes want the tax practitioner to bend tax laws and often even break tax laws. Intentionally breaking tax laws is called tax evasion. Tax evasion is illegally minimizing tax liability. In some instances tax practitioners can legally minimize tax liability by structuring one’s income tax items to take advantage of lower tax rates, or even deferring income form a high tax year to a lower tax year. This is called tax avoidance, which is completely legal and ethical. Christians must obey laws and know that we are accountable to others. God established the government and laws of the land, and Christians must follow and obey the law of the land. According to Romans 13, which states: Let every soul be subject unto the higher powers. For there is no power but of God: the powers that be are ordained of God (Rom. 13:1 King James Version).
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This note was uploaded on 02/20/2011 for the course ACCT 101 taught by Professor Hill during the Spring '11 term at Central GA Tech.

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ACT612DB1 - Discussion Board 1: Timothy A. Davis-Hurt...

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