IRS Practice Series: Circular 230 Considerations and Requirements

Author: Eva Rosenberg

CPE Credit:  2 hours for CPAs
2 hours Ethics for CTEC
2 hours Ethics for EAs and OTRPs

This course will cover issues relating to tax practitioners, including the IRS power of attorney, conflicts of interest, privacy issues, promises and guarantees, advertising for clients.

Publication Date: July 2016

Designed For
Any proactive, current or prospective, Circular 230 practitioner who understands that the IRS is tightening up enforcement of tax practitioner ethics. This is designed for tax practitioners who want to learn to interact with clients professionally, avoid potential conflicts of interest issues between clients or between themselves and clients, to learn more about their rights and responsibilities with respect to powers of attorney and IRS representation.

Topics Covered

  • Power of Attorney
  • Conflict of Interest between spouses and partners
  • Business partners, and tax professionals
  • Professional advertising rules
  • Client privacy issues: in office, by mail, and electronically
  • Interactions with IRS

Learning Objectives

  • Identify IRS representation, client conflicts, advertising limitations, and privacy issues
  • Recognize which information should be noted that may help persuade the contact to be more polite and/or pleasant when documenting conversations with the Internal Revenue Service (IRS)
  • Identify who may represent an individual or entity before personnel of the IRS
  • Evaluate whose signatures are non-compulsory even though they might prepare tax returns for taxpayers
  • Describe the consequence of enrolled agents requesting to be placed in an inactive retirement status
  • Recognize what is generally allowable according to Circular 230 with regard to tax return fees
  • Evaluate recommended practice for tax preparers for security purposes
  • Identify the guide and authority for the practice of preparing taxes and representing clients before the IRS
  • Recognize which type of power of attorney has no specified end-date and continues in force subsequent to a grantor's incapacitation or incompetence
  • Differentiate steps a unenrolled return preparer might do
  • Identify who may be a power of attorney for a client
  • Recognize disciplinary action for violating the tax professional requirements the IRS may take with respect to CPAs
  • Diferentiate the biggest reason the Office of Professional Responsibility (OPR) suspends professional licenses
  • Identify when an enrolled agent (EA) would be removed from the roster of inactive enrolled individuals and have their enrollment terminated
  • Recognize what is required of a tax preparer that recognizes a conflict of interest during an engagement
  • Recognize how to handle poor client behavior
  • Identify when a tax preparer may charge a contingent fee

Level
Basic

Format
On-demand

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity

Fees
Regular Fee$49
Value Pass Fee$0

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