Key Circular 230 Provisions: What Every Tax Return Preparer Needs to Know
Target Audience: CPAs, EAs, RTRPs
Field of Study: Ethics (NASBA); Ethics (IRS)
Seminar Level: Beginner
IRS COMMUNICATIONS AND LIAISON 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.LEARNINGMARKET.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN ATLANTA, GEORGIA, ON JULY 11, 2012, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Office of Professional Responsibility (OPR) delivered this seminar at the IRS Nationwide Tax Forum in July 2012.
This session will focus on the key provisions governing the conduct of tax professionals when practicing before the IRS. These include the various due diligence obligations of tax professionals; the conflict of interest provisions; unconscionable fees; and the prohibition on being paid from a taxpayer’s refund. The session will explain each of the provisions and provide examples of acceptable and unacceptable conduct. Some understanding of Circular 230 or viewing “An Overview of Circular 230 and the Office of Professional Responsibility” seminar will enhance understanding in this session.
By the end of this presentation you will:
- Learn the Office of Professional Responsibility’s authority is found in 31 U.S.C §330, not Title 26
- Be familiar with key provisions of Circular 230, including diligence to accuracy (10.22), conflicting interests (10.29), due diligence standards for returns and other documents (10.34), procedures to ensure compliance (10.36(b)) and giving false or misleading information to IRS (10.51(a)(4))
- Understand the definition of “practice” as described in Circular 230
No prerequisites or advanced preparation are required for this seminar.