Circular 230 the Guide to Ethical Standards
Description:
Ethics is the foundation of the tax professional. The Circular 230 is the guide for ethical standards when practicing before the IRS. What does it mean to “practice” before the IRS? This course dives into the circular itself and provides an overview to its contents and answers that very question. We will discuss how these ethical guidelines relate to your everyday practice. We will then take a look at the Tax Cuts and Job Act new due diligence requirements as well as a peek at the new form 14815. After taking the class, you will be refreshed and ready for the upcoming tax season.
DISCLAIMER NOTE: This class qualifies for IRS CE for Enrolled Agents and AFSP Participants. This may qualify for CPE for CPA’s depending on your state specific requirements. Please check with your state licensing board to verify.
Learning objectives:
By completing this webinar, you will be able to:
- Define who is covered under Circular 230.
- Demonstrate what it means to practice before the IRS.
- Discover who is a tax preparer.
- Identify “due diligence” and “unreasonable position”
- Identify the four types of sanctions that may be imposed when practitioners violate regulations.
- Identify the components of the Tax Cuts and Jobs Act due diligence requirements.
- Discover the new form 14815.
Who should attend?
Anyone who prepares tax returns and advises clients. Qualifies for CPE for Enrolled Agents and those in the Annual Filing Season Program (AFSP). All CPA’s should check to see if there are state specific requirements.
Course Level: Basic
Course Length: 120 Minutes
Prerequisites: NONE
Delivery Method: Group-Live Internet
Field of Study: Regulatory Ethics - Technical
Recommended CPE: 2
Recommended CE: 2
IRS Course ID: Ethics
Online: NESGF-E-00108-19-O
In Person: NESGF-E-00108-19-I