Chapter 21: Practice & Procedure

In this section

• Examination by IRS: Statute of Limitations, Appeals & Court System
  This comprehensive guide covers essential procedures, deadlines, and strategies related to IRS examinations, including the 3-year and 6-year statute of limitations rules, administrative appeals, and navigating the U.S. Tax Court system. Perfect for CPA exam candidates.
• Penalties & Compliance Triggers for Entities & Individuals
  A thorough exploration of common IRS penalties, including accuracy-related, underpayment, and fraudulent failure to file, with real-world examples, penalty rates, and practical strategies to maintain compliance for both entities and individuals.
• Ethical Considerations for CPAs (Circular 230 & AICPA Standards)
  Explore the in-depth ethical requirements under Circular 230 and AICPA Standards, focusing on conflicts of interest, diligence, and confidentiality. Includes practical scenarios and detailed compliance guidance for tax professionals.
• Preparing for Real-World Tax Season vs. Exam Day
  Discover key strategies for navigating contrasting expectations in exam solutions versus real client deliverables, and learn how to bridge the gap between textbook scenarios and the complexities of tax season.