英翻中: 稅收法: 稅表準備 Tax preparation: Circular 230 and Internal Revenue Code § 6694
I am not a tax specialist nor do I have a degree in taxation. Below is just my attempt to translate the meaning of a statement regarding tax practitioner around tax preparation. My Chinese is not good so the translation may sound awful.
Translated by Elisa English on 2/19/2010
A Practitioner may not sign a tax return as a preparer
unless the practitioner has a reasonable belief that
the tax treatment of each position on the return
would more likely than not be sustained on its merits (the more likely than not standard),
or there is a reasonable basis for each position
and each position is adequately disclosed to the IRS.
More likely than not = It is more likely to happen than it is not to happen. It has a better than 50 percent chance of happening
Sustain: to uphold as valid, just; to affirm the validity of; to prove or corroborate
Merits: the inherent rights and wrongs of a matter. The factual content of a matter, apart from emotional, contextual, or formal considerations
Statement on Standards for Tax Services (SSTS) No. 1,
Tax Return Positions,
contains the standards a member should follow
in recommending tax return positions
and in preparing or signing tax returns.
More information about tax return positions, please refer to the following websites.
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