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
Instructor
Michael G Goller
Michael G. Goller is a shareholder in Reinhart's Tax and Corporate Law Practices. His practice focuses on tax controversy, tax litigation, and tax planning. The clients Michael represents include large, public corporations, mid-sized, privately held businesses and their owners. He handles a wide variety of tax- related issues, including complex income and estate and gift tax controversies. Michael represents clients involved in disputes with the IRS, the Department of Justice, and various other taxing authorities before the United States Tax Court, various Federal district courts, the United States Court of Federal Claims, various state courts and the Seventh Circuit Court of Appeals.
As an experienced tax attorney and tax litigator, Michael assists his clients in navigating the challenges associated with complex federal and state tax audits, disputes, administrative appeals, trials and subsequent appeals. Michael serves as a trusted advisor and legal strategist who is able to draw upon his vast knowledge and experience to offer unparalleled proficiency in his field, which is evidenced in his impressive track record of successfully trying cases to favorable settlements. Clients appreciate that Michael has the personality of litigator with the expertise of a tax attorney and provides legal advice from this unique intersection.
Outside of his office, Michael regularly shares his expertise as a tax litigator through professional writing and speaking engagements where he addresses both professional and business audiences and organizations on a variety of tax controversy, tax litigation, and tax planning topics. Michael is also a longtime faculty member at the University of Wisconsin-Milwaukee's Lubar School of Business and teaches Tax Practice and Procedure in the Graduate Tax Program. At the end of each term, instructors are evaluated by their students. Michael is regularly the recipient of the Gold Star Teaching award - an annual honor that recognizes an outstanding teacher in the department. In addition, Michael is the founder of the Hastings Society for Economic Development, a group dedicated to the discussion of economic principles and how those principles can further the common good.