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.

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

Prerequisites

None

Designed For

Tax Professionals

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

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).