TAX PRACTITIONERS ETHICS (LATEST 2020)

4.3 (1672)

Nicholas Preusch, CPA

PBMares, LLP

Wednesday, August 05, 2020 | 01:30 PM EST

  • CPA
  • EA
  • AFSP

Credits: 2 CPE | 2 CE

FREE

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 )

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Jan 25, 2021 | 03:00 PM EST Register
Feb 01, 2021 | 01:30 PM EST Register

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.

Highlights of the webinar : 

  • Circular 230
  • Changes to Circular 230
  • Circular 230 - Jurisdiction
  • Who is OPR?
  • Where Does OPR Get Its Cases?
  • How Far Back Can OPR Look?
  • Circular 230 - Sanctions
  • Deferred Disciplinary Sanctions (DDA)
  • Providing Information to the IRS
  • What Happens if Client Makes Mistake?
  • Prompt Disposition of Matters
  • Failing to Make a Return or Pay Taxes

This Ethics webinar will help 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

  • Basics of the IRS Office Professional Responsibility
  • Jurisdictional issues of who is subject to Circular 230
  • How OPR could levy a penalty
  • Sections of Circular 230 that create a duty for tax practitioners to follow as not to violate Circular
  • What to do in tricky ethical situations with clients.

Who Should Attend?

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

Testimonial

4.3

(1672)
50%
34%
11%
3%
1%

SA

Fantastic Teacher! Great coverage of the material. Presenter gave good suggestions for best practices within the firms to stay in compliance. Made what can be a dry topic interesting with the actual examples of real life cases.

PW

This was a great training on ethics. Included some different perspectives that I didn't expect.I learned far more in this webinar than any other Ethics course I've ever taken. I very much enjoyed the presentation and how interesting the whole topic of Ethics is in formulating rules, etc.

HF

The speaker was engaging and sounded highly knowledgeable. He provided clear examples to demonstrate the points on his slides and did not clutter his presentation.

SS

This was a good opportunity. Excellent and thought provoking. Knowledgeable presenter and detailed slides provided as a resource to be able to refer back to after the presentation completed. Thank You Nicholas.

KK

Really enjoyed this webinar - good information and format. "This was a very good class. The instructor was extremely knowledgeable and forward looking. I found his sharing of the new standards and guidelines that are proposed and in process to be particularly beneficial and interesting.

CP

5 stars definitely. This was great. If you think that a webinar on ethics will be a sleeper, this one will greatly surprise you! The presenter was engaging, had GREAT examples and gave me tools to take away to improve my workplace and aim towards a culture of strong ethics and compliance. In short it was a quality learning webinar.