Tax Discussion Questions

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------------------------------------------------- Group Discussion Board 1 Question 1: Tax preparers often have a difference of opinion with their clients as to how some transactions should be treated on a tax return. If a client of yours does not wish to report information on their tax return that you feel should be reported, how would you handle the situation? As an accountant, tax professional, and Christian there are professional and personal obligations for honesty, integrity, and due diligence. You have an obligation not only to yourself but to all those around you and to the profession itself. This situation brings into question two areas of life that we all may face. There is the ethical consideration of every decision…show more content…
Notwithstanding paragraph 5(a), a member may recommend a tax return position if the member concludes that there is a reasonable basis for the position and advises the taxpayer to appropriately disclose that position. Notwithstanding paragraph 5(a), a member may prepare or sign a tax return that reflects a position if the member concludes there is a reasonable basis for the position and the position is appropriately disclosed. When recommending a tax return position or when preparing or signing a tax return on which a position is taken, a member should, when relevant, advise the taxpayer regarding potential penalty consequences of such tax return position and the opportunity, if any, to avoid such penalties through…show more content…
I know there are times when things are so small that it seems they would not make a difference if listed or not or you may forget something small and not deem it necessary to do an amended return. It is not truly clear what the information is that I feel needed to be listed but if I feel it should be there then there is a good reason. Therefore, I feel that the client would have to agree to list the information before I could sign off on any paperwork and put my personal or professional integrity in question. I do not put money before what is the right thing and one of my favorite verses states this best. “Whatever you do, work heartily, as for the Lord and not for men.”(Colossians

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