Bob Jones, Inc. is a new small business client that has asked you to...
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Accounting
Bob Jones, Inc. is a new small business client that has asked you to prepare its current year tax return. Upon interviewing the client, you determine that the client has not filed several prior year tax returns. According to Circular what should you do: A advise the client promptly of the fact of noncompliance B notify the IRS of this failure C advise the client promptly of the fact of noncompliance and notify the IRS if the client refuses to file D ignore the fact of nonfiling provided the current year return is filed timely
Bob Jones, Inc. is a new small business client
that has asked you to prepare its current year
tax return. Upon interviewing the client, you
determine that the client has not filed several
prior year tax returns. According to Circular
what should you do:
A advise the client promptly of the fact of
noncompliance
B notify the IRS of this failure
C advise the client promptly of the fact of
noncompliance and notify the IRS if the client
refuses to file
D ignore the fact of nonfiling provided the
current year return is filed timely
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