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Develop an additional ethical compliance strategy

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Reference no: EM131235314

Recommend an ethical compliance strategy based on the client's comments about a valuation discount on the family limited partnership that is consistent with Internal Revenue Service (IRS) Circular 230 and the American Institute of Certified Public Accountants (AICPA) Code of Conduct.

Consider the client's cash constraints, economic impact over time, IRS Circular 230, and the AICPA Code of Conduct.

Develop an additional ethical compliance strategy that addresses the client's estate tax and the interest and penalty that will accrue if he does not make timely payments of tax.

Acknowledge appropriate tax case law and statutes.

Consider quantifying penalties and interest.

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In this solution, we have studied about the meaning of valuation discounts, whether IRS is in behalf of valuation discount. What are the impact on the individual and joint family and their economical impact in the country. The situation in which the individual should go for valuation and when he should not prefer the same. We have studied the case law.

Reference no: EM131235314

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inf1235314

10/12/2016 6:12:24 AM

Thanks for the solution, i appreciate as i got the paper before deadline. Thanks for quality solution. i'll be back soon with my new assignment.

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