Course Level :Basic
Instructional Method :Group Internet Based
Advance Preparation :None
Many changes have taken place for business professionals due to COVID-19. Most workplaces have transitioned to fully remote operations, and there is an abundance of new rules and regulations to navigate through. In these difficult times, accounting and tax professionals must especially stay up to date on ethical practices and new quality control procedures.
Circular 230 is where tax practitioners have their main source of ethics. Oftentimes, practitioners can inadvertently go astray from these rules. It is the document that contains – it has a statute on the front cover and then the rest of it is those regulations detailing a tax professional's duties and obligations while practicing before the IRS. And it has several sections. It has sections regarding who can practice before the IRS.
In this CPE Enrolled Agents webinar, you will learn the ins and outs of Circular 230 and look at real-life examples of practitioners who violated Circular 230.
Ethical issues for tax practitioners typically arise from a conflict among the duties owed to the client, to the system, and to yourself. When conflicts arise, it is important to understand what standards will be used to judge your conduct.
This online course qualifies for Enrolled Agent's annual ethics. Speaker Nicholas Preusch will look at updates in the ethics world for 2022 and how they will apply to tax practices.
Key topics discussed in this:
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.
Certified Public Accountant (CPA), Nicholas Preusch
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
Jun 14th, 2022
I have tried several CPE services over the years and usually am disappointed with the service offerings, especially with regard to ethics CPE. I loved this guy's casual style, knowledge, and discussion. This one CPE offered more interesting information that what I am used to with most. I have registered for 2 other classes this month and hope to experience the same. I am impressed!
Aug 10th, 2022
MyCPE has helped me earn continuing education credit and provided me with useful information and skills for my work with clients.
Nov 22nd, 2022
The instructor made this subject interesting with real life examples. Thank you.
Aug 2nd, 2022
Love the stories he told, the made the course more relevant.
Oct 20th, 2022
This was an ethics course like no other! Very relatable.
Nov 28, 2022 | 09:30 AM EST
Nov 28, 2022 | 09:30 AM EST