Ethics . Professional responsibility Making ethical and effective decisions. Key factors . Knowing the rules (applicable professional code of conduct) Following the rules (using decision-making framework). Standards . Circular 230 applies to all who practice before the IRS.
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A practitioner may not advise a client to:
Incompetence or disreputable conduct:
2007 changes to I.R.C. §§ 6694, 6695
Notice 2008-13 covers:
A preparer penalty for an understatement of tax due to an unreasonable position may be imposed if 3 conditions exist:
Groups of responsibilities:
1. Stop and think.
2. Clarify your goals.
3. Determine the facts.
4. Develop options.
5. Consider the consequences.
7. Monitor and modify.
Relativity applies to physics, not ethics.
The time is always right to do what is right. Martin Luther King, Jr.
In matters of style, swim with the current. In matters of principle, stand like a rock.
Leadership is a combination of strategy and character. If you must be without one, be without the strategy.
H. Norman Schwarzkopf
Operates from a position of KNOWLEDGE,
Middle name is DUE DILIGENCE
QUESTIONS until the answer makes good sense!