(1) Explain the purpose of the "realistic possibility of success" standard under SSTS Interpretation #101-1. (2) Explain how that rule helps "demonstrate a CPA tax accountant's commitment to tax practice standards that balance advocacy and planning with compliance" (from Mintz LO 4-9 p.253). (3) Why do you suppose this rule became a requirement for CPA tax practitioners?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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(1) Explain the purpose of the
"realistic possibility of success"
standard under SSTS
Interpretation #101-1.
(2) Explain how that rule helps
"demonstrate a CPA tax
accountant's commitment to tax
practice
standards that balance advocacy
and planning with compliance"
(from Mintz LO 4-9 p.253).
(3) Why do you suppose this rule
became a requirement for CPA tax
practitioners?
Transcribed Image Text:(1) Explain the purpose of the "realistic possibility of success" standard under SSTS Interpretation #101-1. (2) Explain how that rule helps "demonstrate a CPA tax accountant's commitment to tax practice standards that balance advocacy and planning with compliance" (from Mintz LO 4-9 p.253). (3) Why do you suppose this rule became a requirement for CPA tax practitioners?
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