Ethics IRS Circular 230 Best Practices

This Course is Also Available in Self Study (On-Demand)

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Course Description
Course Qualification
Presenter
Faq

Course Description

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.

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 program will review Circular 230, and selected tax penalties, and discuss specific situations, both in the context of tax planning and return preparation. Currently, the IRS only requires practitioners who represent taxpayers before the IRS to follow Circular 230 due to the Loving case. Even though tax representation creates a jurisdiction hook, tax representatives can still run afoul for tax preparation issues under Circular 230. The Free Ethics Webinar covers the basics of IRS Office Professional Responsibility, how it functions, and interacts with tax practitioners.

In this online ethics webinar, you will learn the ins and outs of Circular 230. Circular 230 is where tax practitioners have their main source of ethics. Oftentimes, practitioners can inadvertently go astray of these rules. This webinar will look at real-life examples of practitioners who violated Circular 230.

Key topics covered in this online Free Ethics CPE webinar are as follows:

Prepare for new changes in the ethics world
Identify the rules that apply to taxes
Locate resources for tax ethics
Who is subject to Circular 230
Develop quality control procedures for your tax practice
Apply the rules for Circular 230 to real-life examples
Maintain an ethical tax practice
The sanction power of OPR
What to do in a situation where OPR reaches out to you as a practitioner for possible violations of Circular 230
The rules relating to PTINs and who needs them
Discuss sticky ethical situations and how to handle them

Learning Objectives

To know where to look for ethical tax guidance
To determine which parts of Circular 230 apply to your practice
To discuss how to properly utilize due diligence in tax practice
To discuss ways to limit your professional liability with the use of ethical procedures
How to Create a tax quality control document

Recommended For

This IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, Tax Preparers seeking to fulfill their regulatory ethics CE requirement while updating themselves with Circular 230.

Who Should Attend?

California Registered Tax Professional
CPA - Large Firm
CPA - Mid Size Firm
CPA - Small Firm
Enrolled Agent
Maryland Tax Preparers
Oregon Tax Preparers
Tax Attorney
Tax Firm
Tax Practitioners
Tax Professionals
Tax Pros
Young CPA

Course Qualification

Webinar Qualifies For

2 CE Credit of Maryland State Ethics for Tax Professionals (Approval No. GEHNZ-E-00543-21-O)
2 CE Credit of Maryland State Ethics for Tax Professionals (Approval No. GEHNZ-E-00543-21-O)
2 CE Credit of Federal Tax Related Matters for Tax Professionals (Approval No. GEHNZ-E-00543-21-O)
2 CE Credit of Federal Tax Related Matters for Tax Professionals (Approval No. GEHNZ-E-00543-21-O)
2 CE Credit of Ethics for Enrolled Agents (EA) (Approval No. GEHNZ-E-00543-21-O)
2 CPE Credit of Ethics (Regulatory) for Certified Public Accountants (CPA-US)
2 CE Credit of Ethics (Regulatory) for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0524)
2 CE Credit of Taxes for Annual Filing Season Program (AFSP)

Presenter

About Presenter

Nicholas Preusch

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).

About Company

Nicholas Preusch

yhbcpa.com/

Nicholas Preusch, CPA, JD, LLM, is a tax manager with PBMares, LLP. 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 VSCPA’s Tax Advisory Committee and the AICPA’s Tax Practice and Responsibilities Committee. Nicholas is an adjunct professor with 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).

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.5

4868 Ratings

Excellent

2758

Very Good

1668

Average

377

Poor

Terrible

Psela Wilpon, AFSP

Nov 9th, 2019

This was a great training on ethics. Included some different perspectives that I didn't expect.I learned far more in this webinar than any other Ethics course I've ever taken. I very much enjoyed the presentation and how interesting the whole topic of Ethics is in formulating rules, etc.

Harrold Flemins, ACCT/BK, CPA (US)

Nov 8th, 2019

The speaker was engaging and sounded highly knowledgeable. He provided clear examples to demonstrate the points on his slides and did not clutter his presentation.

Susan Schiller, Tax Pros

Nov 7th, 2019

This was a good opportunity. Excellent and thought provoking. Knowledgeable presenter and detailed slides provided as a resource to be able to refer back to after the presentation completed. Thank You Nicholas.

Kathleen Kustra, EA

Nov 7th, 2019

Really enjoyed this webinar - good information and format. "This was a very good class. The instructor was extremely knowledgeable and forward looking. I found his sharing of the new standards and guidelines that are proposed and in process to be particularly beneficial and interesting.

VKPM