search query: @indexterm Contingent claims / total: 14
reference: 10 / 14
| Author: | Phillips, J. Sansing, R. |
| Title: | Contingent fees and tax compliance |
| Journal: | Accounting Review
1998 : JAN, VOL. 73:1, p. 1-18 |
| Index terms: | TAXATION ACCOUNTING CONTINGENT CLAIMS |
| Language: | eng |
| Abstract: | This paper examines the effects of banning contingent fees for tax preparation services. The paper presents a principal-agent model in which a taxpayer contracts with a tax practitioner to attempt to resolve tax law uncertainty. The optimal contract provides incentives for the practitioner to do research and to choose the tax return reporting position that the tax payer prefers. Analysis of the model shows that banning contingent fees raises the expected fee of the practitioner. |
SCIMA