Instructions: Identify the Following

question 14

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Volstead Act

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Definitions:

Circular 230

Regulations promulgated by the U.S. Treasury Department governing practice before the IRS by attorneys, CPAs, and other professionals.

Paid Preparers

Paid Preparers are professionals hired to prepare, calculate, and file tax returns on behalf of individuals or businesses.

Tax Services

Professional services provided by experts to help individuals or organizations prepare and file taxes, and offer advice on tax planning and compliance.

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed, after all deductions and exemptions.