Question

For regulations regarding practice as an accountant before the Internal Revenue Service, a CPA should look to

a)	AICPA Code of Professional Conduct.

b)	AICPA Statements of Responsibilities in Tax Practice.

c)	The Internal Revenue Code.

d)	Treasury Department Circular 230.

Answer 1

Answer: Option d) Treasury Department Circular 230

The Treasury department provides regulations regarding the practice by an accountant before the Internal Revenue Service.

Option a) is incorrect since the AICPA Code of Professional Conduct are not regulations. Option b) is incorrect since the AICPA Statements of Responsibilities in Tax Practice are not regulations. Option c) is incorrect since the Internal Revenue Code though has regulations, the same pertain mainly to the reporting and payment of taxes.