CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Circular 230 Ethics (Latest)

Circular 230 Ethics (Latest)

2 Credits

$20

Subject Area

Ethics (Regulatory)

Webinar Qualifies For

2 CPE credit of Ethics (Regulatory) for all CPAs

2 CE credit of Ethics (Federal Tax) for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-E-00543-21-S)

2 CE credit of Ethics (Federal Tax) for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0524)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CE credit of Practitioner Ethics for Maryland Tax Preparers (Approval No. GEHNZ-E-00543-21-S)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-E-00543-21-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 22, 2021 | 03:00 PM EDT Register
Oct 29, 2021 | 03:30 PM EDT Register
Nov 12, 2021 | 10:00 AM EDT Register
Nov 19, 2021 | 02:30 PM EDT Register

Overview

  • Conceptual Framework
    4 mins
  • Case Study - Situation 1
    14 mins
  • Case Study - Situation 2
    28 mins
  • Case Study - Situation 6
    43 mins
  • AICPA SSTS - No 2
    67 mins
  • Tax Preparer Penalties
    91 mins

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. Often times, 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 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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.2

(17)
35%
47%
18%
0%
0%

LF

Material was clear, and easy to understand.

CF

Very pleased with the overall experience

IF

I enjoyed this format, it was thorough and to the point.

RM

The instructor during his initial phase spent far too much time discussing his early time with the IRS. I felt he strayed from the topic too far; I was relieved when he finally got to the stated material. I was unable to save any of the material that he used. This was my first My-Cpe course so maybe I missed how to download the class materials.