Tax Ethics Tax Laws: Moral Term Paper

Total Length: 624 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

A tax professional would not face jail time for committing a crime if he or she is not informed of the client's deceit. They may however, have to endure years of auditing to ensure this does not happen again, resulting in a need for charging excessive fees to compensate for time lost during auditing. This is damaging to the tax professional and the person (s) filing their taxes.

As Calhoun, Oliverio, & Wolizer (1999) note, attention to the moral and ethical standards established in the U.S. regarding taxes pressures citizen, organizations and tax professionals to engage in "ethical behavior mounting" to discourage frivolous time and penalties associated with incorrect filings (p.1). The CPAs role, according to Copeland (2005) is to "regain the trust and respect" of citizen and government of auditing professionals, a respect most attorneys and accountants used to have (p. 35). The tax preparer may also inform the customer of past incidences and outcomes in which tax agents or the clients they represented excluded or fudged important information while filing their taxes.
Once this is achieved, the tax preparer may provide the client with suitable alternatives, especially if the client is concerned about owing money. For example, a tax accountant may provide their clients with details on tax fraud and brochures, many of which they can acquire from the government (Copeland, 2005) that will help them understand why it is important they be honest, and what actions they can take to negotiate their circumstances (like making tax payments on a monthly bass rather than all at once of the client owes money to the government) and realize a more favorable outcome (p. 35)......

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"Tax Ethics Tax Laws Moral" (2007, October 28) Retrieved May 20, 2024, from
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"Tax Ethics Tax Laws Moral" 28 October 2007. Web.20 May. 2024. <
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"Tax Ethics Tax Laws Moral", 28 October 2007, Accessed.20 May. 2024,
https://www.aceyourpaper.com/essays/tax-ethics-tax-laws-moral-34826