Third-Party Civil Tax Penalties and Professional Standards
46 Pages Posted: 3 Aug 2014
Date Written: August 1, 2004
There is a persistent myth that the process of preparing an income tax return is largely solitary in nature. That is, immediately prior to the due date for tax returns, taxpayers, armed with pencils and erasers or tax preparation return software, engage in dutiful struggle to determine their correct tax liability. A far different reality exists, however; third parties, such as professional tax advisors, employers, vendors, appraisers, and charities, often play a critical role in helping shape and delineate taxpayers' tax liabilities.
JEL Classification: K34
Suggested Citation: Suggested Citation