Course Description
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 session covers the basics of IRS Office Professional Responsibility, how it functions, and interacts with tax practitioners. We will also cover, jurisdictional issues of who is subject to Circular 230 and the sanction power of OPR. We will also cover what to do in a situation where OPR reaches out to you as a practitioner for possible violations of Circular 230.
This Free Federal Tax Ethics webinar will help CPAs, EAs, AFSP participants and tax professionals understand the rules relating to tax practice and preparation. We will cover Circular 230, the rules relating to PTINs and who needs them, and discuss sticky ethical situations and how to handle them.
Learning Objectives
- To identify the basics of the IRS Office Professional Responsibility
- To recognize the jurisdictional issues of who is subject to Circular 230
- To learn how OPR could levy a penalty
- To recall the sections of Circular 230 that create a duty for tax practitioners to follow as not to violate Circular
- To identify what to do in tricky ethical situations with clients.
Who Should Attend?
- Accountant
- CPA (Industry)
- CPA - Large Firm
- CPA - Mid Size Firm
- CPA - Small Firm
- Enrolled Agent
- Others
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Practitioners
- Tax Pros
- Young CPA
