Question

What are some examples of statutes, rules, and criteria that may govern tax practitioners?

1) Tax Code
2) Internal Revenue Service (IRS) regulations
3) State tax laws
4) Professional ethics rules

Answer 1

Some examples of statutes, rules, and criteria that may govern tax practitioners include the Tax Code, IRS regulations, state tax laws, and professional ethics rules.

Step-by-step explanation:

Some examples of statutes, rules, and criteria that may govern tax practitioners include:

1. Tax Code: This is the set of laws and regulations that determine how taxes are assessed and collected.
2. Internal Revenue Service (IRS) regulations: The IRS creates and enforces regulations that provide guidance on how to interpret and apply the Tax Code.
3. State tax laws: Each state has its own tax laws that govern how taxes are assessed and collected within that state.
4. Professional ethics rules: Tax practitioners are also subject to professional ethics rules, such as those established by organizations like the American Institute of Certified Public Accountants (AICPA) or the National Association of Enrolled Agents (NAEA).