See Special Enrollment Exam Quiz
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SEE PART 3: REPRESENTATION, PRACTICES, AND PROCEDURES
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A client asks an EA for written advice on a proposed transaction. The client states that a particular regulatory allocation requirement "does not apply" to the transaction. The EA knows that the transaction falls squarely within the regulation's terms and that the allocation would substantially reduce the tax benefit the client expects. The client wants the advice to assume that the allocation requirement is inapplicable.
Which of the following actions by the EA would violate the Circular 230 requirements for written advice?
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