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Unformatted text preview: 21 st Mar. 2011 Module 1, Group5, GDB 1 RE: Question 1: Tax preparers often have a difference of opinion with their clients as to how some transactions should be treated on a tax return. If a client of yours does not wish to report information on their tax return that you feel should be reported, how would you handle the situation? Many individuals employ tax prepares for the convenience because of the ever changing tax laws. Some individuals use tax preparers because they do not possess the knowledge to file their taxes on their own. Most tax refund companies have their tax preparers go through rigid yearly training of the new tax codes or amended codes. These companies use computer software that they program the new tax law codes. If I had a client that did not want to disclose all information, I would not file his or her tax return. My credibility would be damaged beyond repair. I could lose my license as a Certified Public Accountant. I would also not be able to look at myself in the mirror. It is more of a moral Public Accountant....
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- Spring '11
- Tax law, Taxation in the United States, Tax Preparers