Fair and Accurate Credit Transactions Act Archives

Due Diligence: How Do You Do It and How Much Is Enough?

Feature Article

Due Diligence: How Do You Do It and How Much Is Enough?

When I was director of the Office of Professional Responsibility, one of the most frequent questions I received from tax professionals around the country was: "How do I know when I have done enough due diligence?" The ultimate answer: “It depends,” sho... Karen L. Hawkins

May/June 2021, Feature Article, OPR, ethics, Office of Professional Responsibility, Circular 230, FATCA, practice management, Schedule C, Social Security, due diligence, §10.22, Fair and Accurate Credit Transactions Act, §10.37