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The ability to research tax matters is a crucial skill for any tax professional, and even for DIY taxpayers.

Visit the IRS website at www.irs.gov.

Review the site and report back on your thoughts as to its use ability to the taxpayer and tax professional

Report on something you discovered on the site. Something interesting or unexpected.

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Keith Leannon
Keith LeannonLv2
28 Sep 2019

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Related questions

Volunteer Standards of Conduct Retest Questions

Directions

Using your resource materials, answer the followingquestions:

1

.

Which volunteers must pass the Volunteer Standards of Conduct(VSC) certifica-tion test?

a.Site coordinators/local coordinators

b.Quality reviewers and tax return preparers

c.Greeters or client facilitators

d.All VITA/TCE site volunteers must pass the VSC certificationtest

2.Failure of a VITA/TCE volunteer to comply with the VolunteerStandards of Conduct

could result in which of the following?

a.The volunteer’s removal from the VITA/TCE Programs.

b.Inclusion in the IRS Volunteer Registry to bar future VITA/TCEactivity indefi-nitely.

c.Termination of the sponsoring organization’s partnership withthe IRS.

d.All of the above may be considered an appropriate actiondepending on thetype of violation and the sponsoring partner’scorrective actions.

3.Is having a donation/tip jar at the quality review stationwithin the VITA/TCE site aviolation of the Volunteer Standards ofConduct?

a.Yes

b.No

4.Maggie wants her tax refund quickly; however, she doesn’t havea bank account fordirect deposit. She asks Josh, the taxlaw-certified preparer, to deposit her refund

into his checking account and turn the funds over to her whenreceived.If Josh agrees to do this, has he violated any of theVolunteer Standards of Conduct?

a.Yes

b.No

5.Pat is a paid tax preparer in the community; he also givesback to the communityby serving as an IRS tax law-certifiedvolunteer tax preparer at a VITA/TCE site.While conducting theinterview with the taxpayer, Pat discovers the taxpayer’ssmallbusiness will generate a loss, making the return out of scope forthe VITA/TCE Programs.Pat explains to the taxpayer that the taxreturn cannot be prepared at the VITA/TCE site, but he will offerthe taxpayer a discount at his paid tax

preparation business down the road.Has Pat violated theVolunteer Standards ofConduct (VSC)?

a.Yes, it is a violation of the VSC for Pat to solicit businessfrom any taxpayer at the VITA/TCE site.

b.No, it is not a violation since the return cannot be preparedat the site.

c.No, none of the VSC addresses soliciting business whilevolunteering at the VITA/TCE site.

6.Ann, an IRS tax law-certified tax preparer, told the taxpayerthat cash income does not need to be reported because the IRS willnever know about it.Ann prepared the return without the cashincome.The designated quality reviewer simply missed this omissionand the return was printed, signed, and e-filed. Did the designatedquality reviewer violate the Volunteer Standards of Conduct?

a.Yes

b.No

7.Jan, a greeter, overheard an IRS tax law-certified volunteer,Jim, trying to sellinsurance to a taxpayer he was helping.Jim is aninsurance agent in the commu-nity. Jan feels like Jim was pushy,made the taxpayer uncomfortable, and violated Volunteer Standard ofConduct #3. What should Jan do?

a.Make an announcement to the taxpayers in the waiting room toignore Jim if he tries to sell them insurance.

b.Tell the site coordinator what she heard, so he canimmediately remove Jim from the site and report the incident usingthe external referral process by sending an email [email protected].

c.Mind her own business and do nothing.

8.Explaining the intake/interview and quality review process isimportant so thetaxpayer understands they are expected to:

a.Have a completed Form 13614-C, Intake/Interview & QualityReview Sheet,prior to having the return prepared.

b.Answer the tax preparer’s additional questions during theinterview.

c.Participate in the quality review of their tax return.

d.All of the above

9.During the intake process, which of the following should thevolunteer verify that the taxpayer and spouse, if applicable, havewith them to ensure the taxpayers can be served that day?

a.Photo identification for both

b.Social Security or taxpayer identification number verificationdocuments for everyone listed on the return

c.All tax statement documents, including Forms W-2, 1099-R,etc.

d.All of the above.

10.To ensure quality service and accurate return preparation,every site is required to have a process for assigning taxpayers toIRS tax law-certified preparers who are certified at or above thelevel required to prepare their tax return.

a.True

b.False

QUESTION 7

Multiple Answer

If you are unable to reach a settlement with the IRS prior to trial, you'll want to be prepared for the trial. There are certain steps required and/or recommended. Select all of the items that apply:

Be sure that your witnesses are available on the trial date.

hold back on supplying documentation to the IRS attorney as it's better to bring this up at trial.

Enter into a stipulation of facts which will be submitted to the court. This will help to narrow the scope of the disagreement.

Know where the tax court will be held and be sure to arrive before the scheduled time so you are present for the trial calendar call.

QUESTION 8

T/F

If you had an opportunity to settle the case with the Appeals Officer in docketed status (after you filed the petition), the attorney for the IRS cannot offer to settle the case with you before trial.

True

False

QUESTION 9

Identify all of the answers that are correct with respect to the notice of deficiency, also known as the statutory notice of deficiency (SND) for short.

When a taxpayer receives a SND he/she has 90 days from the date designated on the SND to file a petition with the Tax Court.

A valid statutory notice of deficiency SND, must identify the taxpayer and the tax year(s) involved, indicate that a deficiency has been determined, and specify the amount of the deficiency.

the commissioner's SND is afforded the "presumption of correctness"

If respondent raises any new matter, increases the deficiency, or affirmative defenses, in its answer to the petition, then the burden of proof is upon the respondent with respect to such matters.

QUESTION 10

In Nicholson v. Comm., TC Memo 1993-183 the court found that where the theory advanced by respondent in her notice of deficiency is broadly worded, respondent is at liberty to advance in her answer (or amended answer) any argument consistent with that broad theory, without assuming the burden of proof under the new matter doctrine, citing Sparngler v. Comm., 32 T.C. 782, 793 (1959), affd, 278 F.2d 665 (4th Cir. 1960).

True

False

For each of the following three (3) scenarios, state two (2) violation of the Rules of Professional Conduct:

a) Bill Williams, CPA, began a telephone campaign to grow his client base. He began calling companies listed in the telephone directly within twenty (20) kilometres advising them of his accounting services. After making several phone calls, Bill finally landed a new audit client, Big Bob Autos. In order to secure this new business, Bill entered into an agreement with Bob whereby Bill would receive a flat fee every time he referred one of his clients to Bob. Bill would also earn a 1% percent commission on any vehicle sale or lease that resulted from the referral. As their business relationship grew overtime, Bill asked Bob for a loan claiming he wanted to expand his accounting practice.

b) Paul Lee, CPA, was the CFO of ABC Incorporated. In his role as CFO, he became aware of a material error in the company’s inventory for the annual financial statements in the amount of approximately $1.5 million. Paul brought the matters to the attention of senior management, who casually indicated that year end was already completed and thus they did not want to harm investor confidence by reissuing the financial statements. Paul did not seek assistance or guidance from either the professional body or the securities commission.

c) David Collier, CPA, obtained his designation in 2000. Since that time, he has built up a significant tax practice. In late 2015, a new client approached David and asked him to perform an audit engagement. Believing this could lead to a substantial amount of tax work in the future, David agreed, even though he had not taken any accounting or assurance courses for many years. In performing the audit engagement, David obtained an engagement letter, put the financial statements together based on the client’s trial balance, and attached a review engagement report. The financial statements contained a material error.

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