As a taxpayer, Taylor is obliged to file the amended return. Within the legal framework, underreporting is an issue of concern that can lead to significant penalties and potential criminal charges. Further, the concept that Taylor will be willfully disregarding the tax code can initiate possible criminal proceedings. Consequently, Taylor opting not to file the amended returns can be a cause for the direct involvement of the NSE in evaluating the situation. Further, it is essential to consider the legal implications. As per the ACIPA statements, NSE has a statutory mandate to offer prudent advice regarding filing taxes. NSE as per Louwers et al., (2015) ought to incorporate professional judgment with a focus on ensuring that the tax advice provided is a reflection of both competence and respect to Taylor's needs.