We all try to the right thing but many of us have busy practices and those pressures may cause us to inadvertently face an ethical problem. Circular 230 has recently been revised and it has imposed new duties and responsibilities upon practitioners who represent taxpayers before the IRS.
Anyone who practices before the IRS must comply with these requirements. This webinar, recorded on December 1, 2010, is designed to help practitioners avoid violating their ethical duties. In 60-90 minutes, the panelist will cover the following topics:
• New rules for registration of tax professionals
• New standards and penalties for tax preparers
• Circular 230 duties
• Potential conflicts of interest
• Correction of taxpayer mistakes
• What fees are unconscionable?
• Return of client records
• What taxpayer confidences may you disclose to the IRS?
In 60-90 minutes, attendees will:
• Understand his/her duties to the tax system and to his/her client
• Know how to balancing those duties
• Understand the new rules for registration and the new standards and penalties
• Be aware of potential conflicts of interest
• Understand practitioner duties allied to Circular 230
• Know what confidences can – and cannot – be ethically disclosed to the IRS
Robert E. McKenzie