\u4e0d\u786e\u5b9a Bonifaces tax client has engaged in a transaction that is adversely

不确定 bonifaces tax client has engaged in a

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Question #20 (不确定)Boniface's tax client has engaged in a transaction that is adversely affected by anew statute enacted by Congress. Prior law supported the transaction, but thenew law does not. Both the client and Boniface believe that the new statute isunfair as it impacts the client. However, the new statute is clear andunambiguous. Committee reports do not specifically address the client's situation,although the wording of the statute apparently eliminates the tax benefits theclient was seeking. Which of the following is true? A. Boniface may recommend claiming the tax benefits because there is a "realistic possibility" the IRS will accept the claim in light of the inequitable nature of the law's impact.B.Boniface may recommend claiming the tax benefits but should disclose the claim to the IRS, for the position has a reasonable basis, even though there is not a realistic likelihood that it will be sustained.C. Boniface may not recommend the position, for it lacks a reasonable basis.D. B and C.The member should recommend the return position supported by the newstatute. A position contrary to a constitutional, clear, and unambiguous statutewould ordinarily be considered a frivolous position.
Question #21 Which of the following statements should a CPA never make to a tax client? Question #22 Pratt was a CPA and tax partner. He prepared Hutchinson's personal income taxreturns for many years. One year, Pratt discovered an error he had made in theprevious year's return. Had the return been properly prepared, Hutchinson wouldhave owed the IRS $23.59 more than he had paid. Which of the following is true? Question #23 CPA Rago has for many years prepared the individual income tax returns for clientLuka. In preparing this year's return, Rago discovered an error in last year'sreturn that caused Luka to substantially underpay her taxes. Which of thefollowing is true?

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