(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?
(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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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