Tax Ethics

  • Accountant
  • AFSP
  • CPA (US)
  • EA
  • ORTP
  • MRTP
  • CFIRS
  • CWS

Published: December, 2021

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Recent Cases
    3 mins
  • Section 10.36(b)
    12 mins
  • Background on Circular 230
    19 mins
  • 31 U.S.C 330
    21 mins
  • Separate and Distinct from IRC
    36 mins
  • Furnishing Information to IRS
    50 mins
  • Advertising
    72 mins

Course Description

This online continuing education course is designed to meet the general ethics requirements for CPAs licensed in various states. It covers IRS Circular 230, AICPA Statements on Standards for Tax Services, IRS practice issues, and the IRC Sec. 6694(a) tax return practitioner penalty. This free ethics course is designed to provide the CPA with an ethical framework used to sort through ethical dilemmas. In addition to conceptual theories, it provides detailed guidance on the applicable specific laws, rules, and regulations. The ethics course is designed to serve a dual purpose, the course provides the tools to spot questionable ethical practices and acts as a detailed reference guide to research the appropriate ethical response to virtually any situation.

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.

In this practical CPE webinar, you will explore new changes to the ethics world and discuss how accountants can maintain an ethical practice.

In this Free Ethics webinar, you will also 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 tax ethics webinar

  • What does practice before the IRS mean?
  • Who may practice before the IRS?
  • What should a tax preparer do if he or she has knowledge of a client's omission of income from a tax return?
  • May a tax preparer rely on the work of other tax return preparers?
  • May a tax preparer rely on and use client-provided information?
  • Standards associated with giving advice to clients
  • Abolition of the disclaimer requirement
  • When must a tax preparer examine a client’s books and records?
  • Prepare for new changes in the ethics world
  • Identify the rules that apply to taxes
  • Locate resources for tax ethics
  • Develop quality control procedures for your tax practice
  • Apply the rules for Circular 230 to real-life examples
  • Maintain an ethical tax practice

Learning Objectives

  • To discuss Circular 230 - IRS tax ethics
  • To discuss SSTS - AICPAs Statement of Standards on Tax Services
  • To discuss Unenrolled practitioner - anyone who is not an EA, CPA, or attorney
  • To discuss the Ethics - more set of rules that guide the tax practice world
  • To Know where to look for ethical tax guidance
  • To determine which parts of Circular 230 apply to your practice
  • To explain how to properly utilize due diligence in tax practice
  • To discuss ways to limit your professional liability with the use of ethical procedures
  • To define a tax quality control document

Recommended For

  • CPAs desiring of satisfying the Regulatory Professional Ethics requirement as per the AICPA Code of Conduct.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Attorney
  • Tax Firm
  • Tax Practitioners
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 4 CE Credit for Annual Filing Season Program (AFSP)
  • 4 CPE Credit of Ethics (Regulatory) for Certified Public Accountants (CPA-US)
  • 4 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-E-00574-21-S)
  • 4 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-E-00574-21-S)
  • 4 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-E-00574-21-S)
  • 4 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 4 CE Credit for Certified Wealth Strategist (CWS)
  • 4 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    4
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

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.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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).

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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  • 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.
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Ratings and Review

4.3

22 Ratings

Excellent

11

Very Good

8

Average

2

Poor

1

Terrible

0

JA

Joseph Aguilar, CCSA, CGAP, CIA, EA

Dec 24th, 2021

The platform did not pickup that I used another device so I had to play it from that point forward again

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