Master the Latest IRS Standards for Tax Practice under Circular 230 (Currently Unavailable)

Author: Michael G Goller

The IRS has recently revised Circular 230. Circular is meant to insure that practitioners are fit to practice before the IRS. Learn the Rules that practitioners must be aware of as they work with clients and represent clients before the IRS in any tax issues. It is critical to know how these changes will set new standards for quality tax practice and how those standards will be enforced by the IRS.

Join highly respected tax and litigation expert, Michael G. Goller, J.D. for this two-hour CPE seminar that will guide you through the latest changes to the rules that govern tax practice before the IRS using real-world situations and practical guidance to help make Circular 230 make sense. Mr. Goller's tax practice expertise and experience in working with and representing firms will help you get up to speed and make sure your practice complies with the latest standards of practice.

Publication Date: December 2020

Designed For
All CPAs, enrolled agents, tax return preparers, tax attorneys, and other practitioners who are involved in tax return preparation or tax consulting and who advise taxpayers on federal tax issues or disputes will benefit from this insightful seminar.

Topics Covered

• Overview of Circular 230
• Rules for Written Advice under Reg. §10.37
• Reg. §10.36 Amendments that Clarify and Expand Provisions to Ensure Practitioner Compliance with Circular 230
• Scope of the Office of Professional Responsibility
• Best Practices in Light of the New Standards
• Potential Preparer Penalties
• "Hot" ethics and malpractice issues
• Ethics and COVID”19
• Tax and Bankruptcy
• AICPA Rules
• Critical Circular 230 Rules
• Penalty for Erroneous Refund Claims — Section 6676

Learning Objectives

• Recognize the latest Circular 230 requirements
• Develop and implement compliance strategies for your practice
• Identify the traps that exist in a Tax Practice
• identifies a type of preparer penalty that is required to be referred to the OPR
• Recognize which AICPA Statements on Standards for Tax Services relates to certain procedural aspects of preparing returns
• Recognize elements of a quality control system relating to the need to create a culture of quality
• Identify a major cause of malpractice claims, especially for Estate Planners
• Recognize key elements of a quality control system includes consideration of protecting client data

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None