Key Required Actions For Preparers
Persons preparing returns or giving tax advice must:
- Disclose on returns all nonfrivolous tax positions whose disclosure is required to avoid penalties.
- Return records to clients.
- Sign all tax returns they prepare.
- Provide clients a copy of tax returns.
- Advise clients promptly of errors or omissions of the preparer or client in any tax matter with respect to which the preparer is retained.
- Submit records, etc., requested by the IRS in a timely manner.
- Exercise due diligence and use best practices of the profession.
Read more about this topic: Circular 230
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