CHAPTER 2 - CHAPTER 2 DISCUSSION QUESTIONS 1. (A) (1)...

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CHAPTER 2 DISCUSSION QUESTIONS 1. (A) (1) Answer: No written authorization is needed. (2) Answer: Form 2848—Power of Attorney. (B) (1) Answer: Form 8821—Tax Information Authorization. (2) Answer: Form 2848—Power of Attorney. As an unenrolled return preparer your are limited to representing the taxpayer during the examination process. (C) Answer: The answers to questions in (A) and (B), above, would not differ. See Code Secs. 7701(a)(36) and 6695(b). Although that portion of the Internal Revenue Code dealing with preparer penalties, Code Sec. 6694 et seq., differentiates between individuals who prepare returns for compensation and those who do not, under Circular 230, Reg. § 10.7(7), a return preparer is any individual whether compensated or not. Compare Code Sec. 7701(a)(36)(A). 2. Answer: If you are Friendly Frank, you are ineligible to appear in all three situations. However, if you are a Certified Public Accountant or an attorney, you may represent in these situations, provided that a Power of Attorney is filed. 3. (A) Answer: Under Circular 230, Reg. § 10.7(a)(2), as a full time employee, you may act as a limited representative; you may advocate on behalf of the corporation, but you may not perform the acts
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This note was uploaded on 09/08/2011 for the course ECON 3301 taught by Professor Clavin during the Spring '10 term at Hartford.

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CHAPTER 2 - CHAPTER 2 DISCUSSION QUESTIONS 1. (A) (1)...

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