If Tax Return Preparers Were Permitted to Solely Act as Advocates

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The Answer is If tax return preparers were permitted to solely act as advocates for their clients' interests, without regard to the public interest, there would be several potential consequences.

Firstly, there could be an increase in fraudulent or unethical behavior by tax preparers. Without a requirement to consider the public interest, preparers may be more inclined to engage in practices that prioritize their clients' financial gain over accurate and honest tax reporting. This could lead to an overall decrease in tax compliance and an increase in tax evasion.

Additionally, allowing tax preparers to solely advocate for their clients could undermine the integrity of the tax system. Tax laws are designed to balance the interests of individual taxpayers with the needs of the public as a whole. Allowing preparers to disregard the public interest could result in a system that is less fair and equitable for all taxpayers.

Furthermore, there could be negative consequences for government revenue. If tax preparers prioritize their clients' interests without considering the broader impact on public funds, it could result in a loss of tax revenue for essential public services and programs.

Overall, permitting tax return preparers to solely act as advocates for their clients' interests, without regard to the public interest, could lead to increased fraud, a compromised tax system, and a negative impact on government revenue. It is important for tax preparers to consider both their clients' interests and the public interest in order to maintain the integrity and fairness of the tax system.

If Tax Return Preparers Were Permitted to Solely Act as Advocates

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