Overview
This comprehensive four-hour course takes CPAs beyond the basics, diving deep into the ethical quandaries that professionals face. Beyond just the rules of Circular 230, you'll explore a variety of ethical issues, discovering the best ways to handle them with integrity and wisdom. The course provides a dual focus: understanding your obligations under Circular 230 and tackling wider ethical challenges that can arise in your day-to-day work. With real-world scenarios and interactive discussions, you'll come away with practical solutions and the confidence to make the right decisions, keeping your practice ethical and your professional standing secure.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
Prerequisites
A basic understanding of retirement planning concepts, tax laws and regulations, and investment strategies
Objectives
- Define key terms and concepts within Circular 230
- Identify common ethical challenges in tax practice
- Classify different types of professional conduct under Circular 230
- Apply Circular 230 regulations to real-world scenarios
- Demonstrate how to handle conflicts of interest ethically
- Evaluate the implications of confidentiality and due diligence in practice
- Construct strategies for maintaining independence in professional judgment
- Discuss knowledge and skills to improve ethical decision-making processes
Highlights
- Taxpayers' rights and protections
- Professional oversight in tax practice
- Navigating Circular 230 complexities
- Ethical practice before the IRS
- Preparer roles and responsibilities
- Compliance with rules on written advice
- Ensuring client confidentiality
- Upholding best practices in tax preparation
