Content Data Is Data About Relationships

question 46

True/False

Content data is data about relationships.

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Definitions:

Circular 230

A set of regulations governing tax professionals who represent taxpayers before the IRS, ensuring practitioners meet ethical and practice standards.

Tax Returns

Documents filed with the IRS that report income, expenses, and other pertinent tax information. Tax returns determine tax liability or refund eligibility for an individual or company.

Contingent Fees

Fees for services, such as legal representation, that are payable only if a particular outcome is achieved.

IRS

Internal Revenue Service, the U.S. government agency responsible for tax collection and enforcement of tax laws.