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An Analysis of the new Circular 230 will be discussed and reviewed.
“Ethics knows the difference between what you have a right to do and what is RIGHT to do.” - Associate Justice of the Supreme Court of the United States, Potter Stewart
Why Authority matters: Circular 230 Considerations, such as diligence regarding accuracy, standards with respect to tax returns, requirements for written advice, competence, and taking unreasonable positions or willful and reckless conduct.
As a tax professional, protecting client privacy is paramount to maintain trust, confidentiality, complying with our ethical obligations and understanding it is also a legal requirement.
Who Should Attend
All Tax Professionals needing a refresher on due diligence, conflicts of interest, and all ethical aspects of your tax practice.
Topics Covered
- Circular 230 Considerations
- Office Practices and Security
- Data Security Plan
- Substantial Authority
- Form 8867 Due Diligence
- Conflicts of Interest
Learning Objectives
- Explain what Ethics is
- Analyze the new Circular 230
- Make Ethical Decisions
- Analysis of Due Diligence
- Investigate and underrstand Form 8867
- Understand Conflicts of Interest
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Regulatory Ethics (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
A.J. Reynolds
Recipient of the 2024 Excellence in Education Award from the National Association of Enrolled Agents.
A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues.
A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals.
A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving for five years in the United States Navy onboard the Guided Missile Destroyer USS Callaghan. While onboard the destroyer, the ship executed many missions in the Straits of Hormuz off the coast of Iran.
Outside of his tax practice, A.J. is a member of the Diocese of Sioux City Priests’ Pension & Welfare Board and the Investment Advisory Board for the Diocese. When not working, his time is spent in various activities, including traveling with his wife and their two children.