The Ethics of Uncertain Tax Positions

Overview

The concept of "tax uncertainties" seems to have a life of its own, and the old notion of "clear reflection of income"seems to be getting less clear each year. Meanwhile, the AICPA Code of Professional Conduct requires compliance with standards. This webinar considers these tax-related ethics issues and considers real world cases involving disclosure of tax uncertainties.

Objectives

• Recognize the ethical implications of tax uncertainties
• Associate the reporting of tax positions with the requirements of professional ethics
• View various levels of tax uncertainties through the lens of the AICPA Statement on Standards for Tax Services
• Analyze a real world case involving tax uncertainties while taking into account ethical requirements

Highlights

• The Ethics of Complying with Disclosure Rules
• The Tax Uncertainties Dance
• The Ethics of Compliance When There are "Gray Areas"
• "Realistic Possibility" and the AICPA Statement on Standards for Tax Purposes
• "Reasonable Basis" with Disclosure of Tax Uncertainties
• Case Study: Ashkouri v. Commissioner
• Conclusion

Designed For

Tax Professionals

Prerequisites

None

Preparation

None

Notice

Your webinar can be accessed via https://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.