Title X: Corporate Tax Returns

Sec. 1001. Sense of the Senate Regarding the Signing of Corporate Tax Returns by Chief Executive Officers

Summary

It is the sense of the Senate that the Federal income tax return of a corporation should be signed by the chief executive officer of such corporation.

Action Required

Since the CEO will sign the return it follows that he/she must be fully cognizant of its content and accuracy. Since these returns are often complex, a CEO is going to have a lot of confidence and trust in his/her CFO. Otherwise, it may be desirable to have a third party evaluate the return on behalf of the CEO before he/she signs it.

Copyright Michael F. Holt 2006 under license agreement with Books24x7

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