Preparing tax returns and engaging in tax planning is performed by
A) public accountants only.
B) private accountants only.
C) both public and private accountants.
D) IRS accountants only.

Question

Quizplus · Accepted Answer

Both public and private accountants can perform tax return preparation and engage in tax planning. Public accountants may offer these services to individual clients or businesses, while private accountants may perform these duties for the company they work for. IRS accountants typically do not perform tax return preparation or engage in tax planning for taxpayers outside of the agency.

Preparing Tax Returns and Engaging in Tax Planning Is Performed