Please explain your answers to the following:5(a): Circular 230:(i) What is Circular 230?(ii) Who is permitted to practice before the Department?(iii) What penalties can the Secretary impose on practitioners? Why might they do so? Give examples!(iv) What information must a tax preparer furnish to the IRS?(v) If a practitioner is a notary public, may he notarize his client’s signature on a document to be sent to the IRS?(vi) When does a practitioner have a conflict of interest?(vii) What information may a practitioner publish about his fees?(viii) Are there tax returns a practitioner may not sign?THIS IS A QUESTION AND ANSWER BASED ON TAX IRS CODES… THIS IS NOT ESSAY FORMAT.
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