The US Internal Revenue Service (IRS) is planning to drop the complex rules governing written opinions supplied by tax-planning advisors, and replace them with a single simplified regulation applying to all tax advice.
The IRS has acknowledged the force of this criticism and published proposals to replace Circular 230 with a simpler catch-all regulation.
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There is no longer an obligation to list all the relevant facts and law in the written advice. Some of the disclaimer requirements are also being relaxed.
Need a Tax Opinion, contact the Tax Lawyers at Marini & Associates, P.A.
for a FREE Tax Consultation at www.TaxAid.us or www.TaxLaw.ms or Toll Free at 888-8TaxAid (888 882-9243).
Sources
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