Tax profession must lead compliance efforts, says Senate Finance Chair.

• Position: National

Senate Finance Committee Chair Chuck Grassley (R-Iowa) holds tax professionals responsible for ensuring that our nation's tax system remains above board, according to a recent speech given to the Tax Council Policy Institute.

"While the Internal Revenue Service seems to have gotten the message regarding professional responsibility and Circular 230," Grassley said, "I would suggest that the law and accounting professions need to look at their own discipline efforts and ethics guidelines to make certain that they are doing all they can to ensure the highest standards in the...