Question

a tax pteparers high ethical standards protect taxpayers by

Answer 1

By the following ways a tax preparer's high ethical standards protect tax payers :

1. Providing accurate tax return to the tax payers

2. Providing them all tax benefits which they are actually entitled.

3. Providing guarantee that their field tax return will not be questioned by IRS or any tax authorities

4. Providing confirmation about no tax penalties by IRS

5. Providing protection to their clients .

6. Providing confidentiality support to the tax payers during file a tax return.

7. Non compliant tax professionals may be reprimanded, suspended or terminated .

8. Tax preparers are personally responsible for the negligence and intentional misconduct.