Question

Explain how Treasury Department Circular 230 differs from the​ AICPA's Statements on Standards for Tax

Services.

​(Select all that​ apply.)

A.

Circular 230 is a government issued document that dictates rules for practicing before the IRS. The Statements on Standards for Tax Services​ (SSTSs) are ethical standards issued by the AICPA aimed at tax practitioners. Circular 230 applies only to federal​ issues, and the SSTSs apply to both federal and state issues.

B.

Circular 230 is a government issued document that is geared specifically toward taxpayers and provides instructions and guidelines for tax preparation. The Statements on Standards for Tax Services​ (SSTSs) are additional guidelines issued by the AICPA to assist tax practitioners with tax preparation.

C.

Circular 230 only applies to income​ taxes, and the Statements on Standards for Tax Services​ (SSTSs) apply to all types of taxes.​ Finally, Circular 230 does not provide the same depth of ethical guidance found in the SSTSs.

D.

Circular 230 is a government issued document that dictates rules for practicing before the IRS. The Statements on Standards for Tax Services​ (SSTSs) are ethical standards issued by the AICPA aimed at tax practitioners. Both Circular 230 and the SSTSs apply to both federal and state issues.

Answer 1

Circular 230 is a government issued document that dictates rules for practicing before the IRS. The Statements on Standards for Tax Services​ (SSTSs) are ethical standards issued by the AICPA aimed at tax practitioners. Circular 230 applies only to federal​ issues, and the SSTSs apply to both federal and state issues.

Circular 230 only applies to income​ taxes, and the Statements on Standards for Tax Services​ (SSTSs) apply to all types of taxes.​ Finally, Circular 230 does not provide the same depth of ethical guidance found in the SSTSs.

Option A and C are correct