Requirements For Tax Advice
In addition to the above, those giving tax advice must follow certain procedural rules in giving the advice. Tax advice may consist of a "covered opinion," other written tax advice, or oral advice. No standards are provided for oral advice. Written tax advice must not be based on unreasonable factual or legal assumptions or unreasonably rely upon representations of the client or others. It must consider all relevant facts and law.
Read more about this topic: Circular 230
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