CIRCULAR 230 AND BEYOND - IRS ETHICAL STANDARDS
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Course Details

Overview of Topics

  • Main outline of Circular 2303 mins
  • Who Can Practice Before the IRS?23 mins
  • Practitioner Definition24 mins
  • Who Has Any Rights At All? - Form 284827 mins
  • Representation Outside the United States34 mins
  • Failure to Meet Requirements -CPAs, EAs41 mins
  • Diligence as to Accuracy-Sec. 10.2269 mins
  • Conflicts –Married Couples, Preparer86 mins
  • Secure Your Client Records89 mins

Course Description

Although the IRS has not updated Circular 230 in over half a decade, it is still the foundation for the ethical standards of tax professionals. Circular is meant to insure that practitioners are fit to practice before the IRS. Learn the Rules that practitioners must be aware of as they work with clients and represent clients before the IRS in any tax issues. It is critical to know how these changes will set new standards for quality tax practice and how those standards will be enforced by the IRS.

This course covers the current rules for powers of attorney, information access, IRS interactions, client privacy issues, and guidelines for professional advertising.

Topics Covered

    • Overview of Circular 230
    • Filling in the missing updates
    • Annual Filing Season Program requirements (AFSP)
    • Interacting with OPR
    • Brief Glossary
    • Practitioners re: POA: Limitations, Special Rules, and No Longer Eligible
    • Advertising and Fees

This is designed for tax practitioners who want to learn to interact with clients professionally, avoid potential conflicts of interest issues between clients or between themselves and clients, to learn more about their rights and responsibilities with respect to powers of attorney and IRS representation.

Learning objectives

  • To identify IRS representation and privacy issues
  • To identify who may represent an individual or entity before personnel of the IRS
  • To understand how to use the AFSP when you are not an EA, CPA or Attorney
  • To identify what an unenrolled preparer may do
  • To understand continuing education and record retention requirements

About Presenter

Eva Rosenberg, EA, Your TaxMama® has been teaching Enrolled Agents exam review courses off and on since developing the program for UCLA Extension over 25 years ago.

Eva has a B.A. in Accounting and an M.B.A. in International Business. Your TaxMama® has been a TaxWatch columnist for Dow Jones' www.MarketWatch.com and author of award-winning best-sellers, including Small Business Taxes Made Easy. and Deduct Everything! You can hear her on various radio stations around the country on a regular basis.  

As a speaker, TaxMama® is popular with both tax professionals and taxpayers. You can find her at www.TaxMama.com where you can subscribe to her free podcast. TaxMama is also the moderator of the U.S. Tax Court Group at LinkedIn and invites you to join.

For the tax community, our mission is to educate tax professionals to be skilled, ethical and profitable in their chosen area of tax preparation and representation.  We do this with courses, books, and newsletters.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:32
  • Question 3 : 00:55
  • Question 4 : 01:10
  • Question 5 : 01:30
  • Question 6 : 01:50
  1. When documenting conversations with the Internal Revenue Service (IRS), what information should you note that may help persuade the contact to be more polite and/or pleasant?
  2. Of the following, whose signatures are non-compulsory even though they might prepare tax returns for taxpayers?
  3. Who may represent an individual or entity before personnel of the IRS?
  4. What is a consequence of enrolled agents requesting to be placed in an inactive retirement status?
  5. With regard to tax return fees, what is generally allowable according to Circular 230? [Note: CPA societies and Bar associations may have different rules.]
  6. For security purposes, what is a recommended practice for tax preparers?
  1. Which of these topics is not a Subpart of Circular 230? (slide 7)
  2. What are your main goals with respect to the OPR?
  3. What information will you not typically get during a conversation with the IRS?
  4. A power of attorney that is not subject to a time limit and is specifically meant to continue in force after the incapacitation or incompetence of the grantor (the taxpayer) – is which kind of POA?
  5. Who can practice before IRS? All of these, EXCEPT
  6. An individual, who is an officer or employee of the executive, legislative, or judicial branch of the United States Government; an officer or employee of the District of Columbia; a Member of Congress; or a Resident Commissioner
  7. Unenrolled preparers
  8. We all know that EAs and CPAs may represent taxpayers. But other people are also allowed to do so. Which of these folks may not be a power of attorney?
  9. When a taxpayer living outside the United States, and needs representation
  10. What kind of authority does the issuance of a CAF number provide? It is

Disclaimer

All jurisdictions accept courses from Registry sponsors to a certain extent. However, some jurisdictions have additional requirements. You can see which jurisdictions have these requirements here: https://www.nasbaregistry.org/cpe-requirements

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

5
(2)
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  • WD
    William DeLoach , EA
    May 9th 2020
    very reliable and covered the important parts of 230
RC
ROBERT CROSBY , EA
Excellent and interesting presentation by a knowledgeable and skilled presenter.

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

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  • Cost $40
  • CPE Credits 2
  • CE Credits 2
  • IRS Course ID GEHNZ-E-00125-20-S
  • Subject Area Ethics (Regulatory)
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date March 20 ,2020
  • Published Date March 20 ,2020
  • Who should attend? Enrolled Agent CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm CPA (Industry) CPA in Business Entrepreneurial CPA
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

HOW TO MAXIMIZE THE IMPACT OF CARES ACT
Wednesday, September 16, 2020 View Details/Register
MERCHANT ACCOUNT NIGHTMARES: THE SHADY WORLD OF CREDIT CARD PROCESSING FEES
Wednesday, September 16, 2020 View Details/Register
QBO: FOR PROGRESS INVOICING AND JOB COSTING WITH LATEST UPDATES
Monday, September 14, 2020 View Details/Register
QUICKBOOKS ONLINE FOR ACCOUNTANTS WORK CENTRE - MANAGING YOU PRACTICE
Wednesday, September 09, 2020 View Details/Register
QBO RUNNING REPORTS - INFORMATION, ANALYSIS & BETTER DECISION
Monday, September 14, 2020 View Details/Register
CREDIT CARDS IN QBO - SEAMLESS PAYMENTS FROM CLIENT
Monday, September 14, 2020 View Details/Register
QBO: BUILD RIGHT CHART OF ACCOUNTS - BASE FOR ACCOUNTING AND READING FINANCIAL STATEMENT
Thursday, September 10, 2020 View Details/Register
Accounting Changes and Error Corrections (2 CPE)
Thursday, August 27, 2020 View Details/Register
S CORPORATION PREPARATION, BASIS CALCULATIONS & DISTRIBUTIONS - FORM 1120S SCHEDULE K & K-1 ANALYSIS
Tuesday, September 08, 2020 View Details/Register
QUALIFIED BUSINESS INCOME (QBI) DEDUCTION (IRC §199A) DETAILED STUDY, ANALYSIS,CALCULATIONS,CASE STUDIES, INS & OUTS (LATEST)
Thursday, September 03, 2020 View Details/Register
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Tuesday, September 01, 2020 View Details/Register
HOW TO MANEUVER NEW IRS PARTNERSHIP AUDITS
Tuesday, September 01, 2020 View Details/Register
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Monday, August 17, 2020 View Details/Register
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Thursday, August 27, 2020 View Details/Register
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Tuesday, August 25, 2020 View Details/Register