Tax Practice Standards (Ethics)

4.6 (48)

Allison McLeod, DL

Allison M. McLeod LL.M. CPA A PLLC

  • CPA
  • EA
  • TAX PROS

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

Overview

  • Various sources of Tax Practice Standards5 mins
  • Treasury Circular 230 - Provisions8 mins
  • Key understanding in cases of Acts Discreditable, Knowing Misrepresentation, Oral & Written Opinions26 mins
  • Responsibilities to clients or employers36 mins
  • Best Practices to Tax Advisors46 mins
  • Responsibilities to the Public59 mins
  • Key understanding in cases of confidential information, conflicting interests, and Solicitation70 mins
  • AICPA Statement on Standards for Tax Services83 mins
  • Internal Revenue Code – Tax Preparer Penalties – Civil and Criminal for Reportable Transactions83 mins
  • Common Law Standards99 mins
  • Intentional and Negligence-based Torts103 mins

Course Description

Recommended for Tax Professionals & Preparers, Enrolled Agents, CPAs, California Tax Professionals (CRTP)

Please join us for a comprehensive discussion on standards that professionals must adhere to as tax practitioners.  We will be covering the major governing rules, such as Treasury Circular 230, the AICPA Statements on Standards for Tax Services (SSTS), the Internal Revenue Code (IRC) and common law.  Also included will be case studies illustrating dilemmas faced by tax practitioners. Combining the real-life experience and cases with this powerful presentation will enable participants to quickly grasp recent update and understanding on ethics. This online course examines tax preparer conduct standards. It addresses the issues of confidentiality, accuracy, conflict of interest, taxpayer omissions and return of client records etc. The ethical rules governing these issues are discussed, and tax preparers are presented with real-world scenarios that focus on the ethical issues that may be encountered in their professional activities. 

Learning Objectives

  • To identify the expectations for tax practitioners in serving clients, including the duty of confidentiality, competency and proper administration of the tax law.
  • To recognize the practitioner’s obligations to disclose certain client information when representing them against the IRS.
  • To recall the sources that govern tax practice, such as Treasury Circular 230, the SSTS, the IRC and common law
  • To identify the common law standards of reasonable behavior and when a tax practitioner may be subject to negligence or other types of common law causes of action.

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • CPA - Large Firm
  • Tax Pros
  • Tax Firm
  • Young CPA
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)

Testimonial

4.6

(48)
77%
13%
4%
4%
2%

SF

Great presenter, lots of illustrative examples. I enjoyed the webinar and I would like to thanks myCPE for providing Free Ethics courses during the pandemic.

LP

Very interesting presentation, many ethics presentations I have taken were rather boring, the presenter kept it interesting