The Rules Governing Contingent Fee Arrangements Do Not Permit a Tax

question 21

Multiple Choice

The rules governing contingent fee arrangements do not permit a tax practitioner to charge a contingent fee for rendering:

• A) Tax planning services
• B) Payroll tax processing services
• C) The preparation of a request for a refund of previously overpaid taxes
• D) Taxpayer advocacy in an IRS administrative hearing

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Definitions:

Cons

The arguments, reasons, or factors opposing an idea, decision, or action; the drawbacks or disadvantages.

Gains

Benefits or profits accrued from investments, efforts, or other activities.

Losses

The state of being deprived of or of being without something that one has had or the detrimental impact resulting from such a situation.

Quantitative Aspects

The numerical, measurable dimensions or elements of a situation, study, or problem.