Circular 230 Ethics: Upon completion of this course you should be able to explain when Circular 230 applies to a tax professional as well as PTIN requirements. Designed to equip you with a Circular 230 overview, you should gain a working knowledge of IRC Sec 6694 Compliance, preparer penalties, and select Circular 230 rules. In addition, you should be able to identify those subject to Circular 230, such as unlicensed preparers, PTINs, and those in the AFSP program. The course covers consent and disclosure rules, confidentiality, IRS authoritative guidance, case studies, and more. You should be able to recognize whether or not you meet the requirements to take a position on a tax return, what to do as a professional to ensure that they do not violate established rules of ethics, and how to avoid actions that would result in sanctions, suspension, or disbarment.

Tax Return Preparer Ethical Issues: Upon completion of this course, you should be able to: Recognize the permitted scope of tax return preparer responsibilities; Identify the best practices for tax advisers in preparing or assisting in the preparation of a submission to the Internal Revenue Service; List practitioner duties and restrictions with respect to – Information to be furnished to the IRS, The practice of law, Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws, The requirement for preparer diligence as to accuracy, Return of client records, The existence of conflicts of interest, and Solicitation of business; and List the various sanctions that may be imposed for a preparer's failure to comply with applicable conduct rules.

• Prerequisites: None
• Hours: 4
• Field of Study: Regulatory Ethics - 4
• Course Level: Basic
• IRS Number: Pending

Early Registration Deadline: October 10, 2023