Your Perfect Assignment is Just a Click Away
We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

Discuss the legal and ethical aspects of accurately reporting income on tax returns

Discuss the legal and ethical aspects of accurately reporting income on tax returns

The accounting professional considers ethics to be a fundamental expectation of professionals, especially those with the CPA designation. Taxation is a specialty within the accounting profession where there is a propensity for clients to hide or falsify information or the tax professional to encourage such behavior. For this assignment, you will address three aspects of taxation and ethics. Your paper should be between 500-750 words and address the following items:

Discuss the legal and ethical aspects of accurately reporting income on tax returns using Circular 230 as published by the Department of Treasury (located in the study materials). Discuss at least two items in Section B on Duties and Restrictions and the consequences to tax preparers if they fail to adhere to the guidelines as provided by the Department of Treasury. In your discussion, provide a summary of the items along with examples of the application of the two items in professional practice.
Compare the concepts of “tax avoidance” and “tax evasion.” In your comparison, include examples of each to show the distinction. Use the information you gathered from Circular 230 or refer to the AICPA Statements on Standards for Tax Services (SSTSs) (www.aicpa.org) to support the distinction between tax avoidance and tax evasion.
Discuss how ethics in taxation can correlate to the Christian worldview. In other words, what guidance from a Biblical perspective could be applied to preparation of tax returns for clients? Refer to the GCU website and documents related to Christian worldview in the study materials for assistance on this assignment.

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Topnotch Essay only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided byTopnotch Essay are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Topnotch Essay is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Topnotch Essay, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.