A tax advisor with what responsibility should take reasonable steps to ensure that the firm's procedures for all members, associates, and employees are consistent with the best practices?

A. Overseeing a firm's practice of providing advice concerning federal tax issues.
B. Preparing or assisting in the preparation of submissions to the IRS.
C. Both overseeing a firm's practice of providing advice concerning federal tax issues and preparing or assisting in the preparation of submissions to the IRS.
D. Neither overseeing a firm's practice of providing advice concerning federal tax issues nor preparing or assisting in the preparation of submissions to the IRS.

Answer: C. Both overseeing a firm's practice of providing advice concerning federal tax issues and preparing or assisting in the preparation of submissions to the IRS.

Business

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The individual conveying real estate is called the ________ and the individual acquiring title is called the ________.

a. grantee; grantor b. grantor; beneficiary c. grantor; grantee d. trustee; beneficiary

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