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 of 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 from 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
- To know how to Create a tax quality control document
Recommended For
This IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, and Tax Preparers seeking to fulfill their regulatory ethics CE requirement while updating themselves with Circular 230.
Who Should Attend?
- Accountant
- Bookkeepers & Accountants & Tax Preparers
- 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
