Ethical Practices and Responsibilities Under Circular 230

Overview

The IRS has recently issued proposed regulations to update the Circular 230 rules for all tax practitioners, amending these rules in various ways to reflect changes in the law.  This session will review these new rules and discuss their impact on your tax practice.  The course also covers in detail major provisions of Circular 230 and analyses them using factual situations.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Handouts Tab and submit to kori.herrera@acpen.com

Objectives

• Identify current and proposed Circular 230 rules
• Apply guidance to professionals in public practice accounting

Highlights

• Circular 230 (IRS) rules for conducting a tax practice
• Provide guidelines for registered tax return preparers and tax return preparation
• Contingent fees
• Proposed new rules addressing the evolving nature of tax practice
• Conflict of interest, best practices, errors and omissions, written opinion requirements
• Evolving rules for CPA "mobility"
• History and background for Circular 230