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Question:

True or false? Under SSTS No. 4, members are prohibited from using estimates in the preparation of a tax return.

Author: Christy M



Answer:

False Under SSTS No. 4 ¶2, "Unless prohibited by statute or by rule, a member may use the taxpayer's estimates in the preparation of a tax return if it is not practical to obtain exact data and the member determines that the estimates are reasonable based on facts and circumstances known to the member."


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Author

Christy M
Christy M