Tax Return Preparer Ethical Issues
The Internal Revenue Service routinely processes more than 200 million tax returns each year, many of them prepared by tax professionals. Not surprisingly, as tax law becomes increasingly complex, taxpayers often seek for the knowledgeable assistance of attorneys, CPAs, enrolled agents and registered tax return preparers.
To help ensure such professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing their tax returns, the IRS has published Treasury Department Circular No. 230. Circular 230 offers substantial guidance in:
- Setting forth rules relating to the authority to practice before the IRS;
- Identifying the duties and restrictions relating to practice before the IRS; and
- Prescribing sanctions for violating the regulations.
This course will examine many of those rules, duties and restrictions as well as the sanctions imposed for their violation. In that examination of applicable rules, the course will discuss the requirements imposed on tax return preparers by them and will then present real-world scenarios focusing on specific ethical issues they may encounter in their professional activities. The preparer will be asked to analyze the scenario, identify the ethical issue or issues presented and determine an appropriate response.
Upon completion of this course, you should be able to:
- Discuss the scope of registered tax return preparer responsibilities;
- Describe the best practices for tax advisors in preparing or assisting in the preparation of a submission to the Internal Revenue Service;
- Explain practitioner duties and restrictions with respect to -
- Information to be furnished to the IRS,
- The practice of law,
- Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws,
- The requirement for preparer diligence as to accuracy,
- Return of client records,
- The existence of conflicts of interest, and
- Solicitation of business; and
- List the various sanctions that may be imposed for a preparer's failure to comply with applicable conduct rules.
Field of Study: Ethics
Course Level: Basic
Delivery Method: Self Study
Expiration: In accordance with NASBA standards, access to this course will terminate one year from the date of purchase. Incomplete courses will no longer be accessible beyond the one year deadline.