Compare the concepts of “tax avoidance” and “tax evasion.” In your comparison, include examples of each to show the distinction. Use the information you gathered from Circular 230 or refer to the AICPA Statements on Standards for Tax Services (SSTSs) (www.aicpa.org) to support the distinction between tax avoidance and tax evasion.
Assessment Description
The accounting profession considers ethics to be a fundamental expectation of professionals, especially those with the CPA designation. Taxation is a specialty within the accounting profession where there is a propensity for clients to hide or falsify information or for the tax professional to encourage such behavior. For this assignment, you will address three aspects of taxation and ethics. Your paper should be between 500-750 words and address the following items:
Discuss the legal and ethical aspects of accurately reporting income on tax returns using Circular 230 as published by the Department of Treasury (located in the topic Resources). Discuss at least two items in Section B on Duties and Restrictions and the consequences to tax preparers if they fail to adhere to the guidelines as provided by the Department of Treasury. In your discussion, provide a summary of the items along with examples of the application of the two items in professional practice.
Compare the concepts of “tax avoidance” and “tax evasion.” In your comparison, include examples of each to show the distinction. Use the information you gathered from Circular 230 or refer to the AICPA Statements on Standards for Tax Services (SSTSs) (www.aicpa.org) to support the distinction between tax avoidance and tax evasion.
Discuss how ethics in taxation can correlate to the Christian worldview. In other words, what guidance from a Biblical perspective could be applied to the preparation of tax returns for clients? Refer to the GCU website and documents related to the Christian worldview in the topic Resources for assistance on this assignment.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
