Statement on Standards for Tax Services (SSTS) No. 1, General Standards for Members Providing Tax Services, Section 1.1, Advising on Tax Positions and Statement on Standards for Tax Services (SSTS) No. 2, Standards for Members Providing Tax Compliance Services, Section 2.1, Tax Return Positions, address both a member’s obligation when recommending a tax return position or taking a position on a tax return that the member prepares. Tax laws of various taxing jurisdictions contain similar limitations on the ability to recommend or take certain tax return positions.
The Interpretations of SSTS No. 1 and SSTS No. 2 provide further guidance in two areas:
Interpretation No. 1-1, Reporting and Disclosure Standards
Interpretation No. 1-2, Tax Planning
The Statements on Standards for Tax Services (SSTS) are enforceable tax practice standards for members of the AICPA. Additional guidance is also found in the corresponding interpretations and frequently asked questions (FAQ). Access to the complete set of SSTS and guidance are available in the AICPAs Statements on Standards for Tax Services library.