The IRS requested client records from a CPA who does not have possession or control of the records. According to Treasury Circular 230, the CPA must
A. Notify the IRS of the identity of any person who, according to the CPA's belief, could have the records.
B. Require the client to submit the records to the IRS or withdraw from the engagement.
C. Obtain the records from the client and submit them to the IRS.
D. Contact all third parties associated with the records, such as banks and employers, to obtain the requested records for submission to the IRS.
Answer: A. Notify the IRS of the identity of any person who, according to the CPA's belief, could have the records.
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The Americans with Disabilities Act (ADA) applies:
A. only to government employers and federal contractors. B. to all employers with 15 or more employees. C. only to employers who are open to the public. D. to all employers with 50 or more employees.
An insurance policy that often is the least expensive to the insured because of the policy does not include a savings plan is called
A. term life. B. universal life. C. whole life. D. endowment life. E. variable life.