You are a certified public accountant. A client enters youroffice on April 14 with a bag full of disorganized documents andreceipts. He asks you to prepare his tax return and would be happyto file an extension. However, the client expresses some urgencyand would like to file the actual tax return as soon as possiblebecause he says, “I should get a refund for all the hugedeductions.”When looking through the client’s documents andcompiling the tax return, you realize that there are not enoughsupporting documents for deductions that would result in a refund.Review the following to inform your discussion: Circular 230:Regulations Governing Practice Before the Internal Revenue Serviceand the Practitioners' Responsibilities in Complying With RecordsRequests.
Required:
Suggest two alternate solutions to communicate to the clientwhile being in compliance with Circular 230.
