Final answer:
Fees in connection with the preparation of tax returns must be stated separately from other services, but they may be combined with other professional services. They don't need to conform to new federal laws, but they must comply with current tax regulations.
Step-by-step explanation:
Fees in connection with the preparation of tax returns must be stated separately from, and in addition to, any other professional services performed. This means that when a tax preparer charges a fee for preparing a tax return, it should be clearly indicated on the bill separately from any other charges or services. For example, if an accountant charges $200 for tax preparation and $100 for additional financial consultation, these two fees should be listed separately.
While there are certain limits prescribed by the Board, the fees in connection with the preparation of tax returns may be combined with other professional services provided. This means that an accountant or tax preparer can charge a combined fee for tax preparation and other services, such as financial planning or bookkeeping, as long as the fees are clearly stated and justified.
The fees in connection with the preparation of tax returns do not need to conform to new federal laws specifically, but the overall tax preparation process and fees must comply with the current tax laws and regulations set by the federal government.