Self-Study
2
Basic
Regulatory Ethics
There are no prerequisites.

Course Description

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 out the knowledgeable assistance of attorneys, CPAs, enrolled agents, and other qualified 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 by 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 and will present real-world scenarios focusing on specific ethical issues preparers may encounter in their professional activities.



Instructor



Course Specifics

Regulatory Ethics
Apr 3, 2018
There are no prerequisites.
SS4170637
54
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the scope of permitted tax return preparer responsibilities
  • Identify the best practices for tax advisers in preparing or assisting in the preparation of a submission to the IRS with respect to client communication, establishing relevant facts, providing client advice, and practice before the IRS
  • Recognize the standards related to tax return and document preparation as well as applicable standards for advising clients concerning potential penalties

Chapter 2

  • Recognize 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

Chapter 3

  • Define the terms censure, suspension, and disbarment as they apply to tax return preparers
  • Identify the various sanctions that may be imposed for a preparer's failure to comply with applicable conduct rules, noting their effect on practicing before the IRS
  • Note circumstances in which appropriate monetary sanctions may be imposed as well as monetary penalties that may be assessed
  • Note the types of conduct considered incompetent and disreputable


Table of Contents

Chapter 1 – Tax Return Preparer Responsibilities

Learning Objectives

Introduction

Tax Return Preparer Scope of Responsibilities

Preparation of Documents

Taxpayer Representation

Best Tax Return Preparer Practices

Client Communication

Establishing Relevant Facts

Providing Client Advice

Practice Before the IRS

Standards Related to Work Product and Other Papers

Tax Return Standards

Pattern of Conduct a Factor in Determining Nature of Practitioner Actions

Standards Related to Documents, Affidavits and Other Papers

Standards for Advising Clients on Potential Penalties

Summary

Chapter 1 – Review Questions

Chapter 2 – Practitioner Duties and Restrictions

Learning Objectives

Introduction

Tax Return Preparer Duties and Restrictions

Prohibition on Negotiation of Client Refund Checks

Solicitation of Business

Advertising and Solicitation Requirements

Professional Fee Information

Disclosure of Responsibility for Costs

Communication of Fee Information

Retention of Communications Containing Fee Information

Improper Associations

Solicitation Case Study

Unauthorized Practice of Law

Unauthorized Practice of Law Case Study

Responding to IRS Requests for Information

Requested Material not in Practitioner’s Possession

Material Requested Concerning Alleged Practitioner Violation

Interference with an IRS Request for Information

Request for Information Case Study

Knowledge of Client Omissions

Client Omission Case Study

Requirement for Accuracy

Requirement for Accuracy Case Study

Return of Client Records

Nature of Client Records

Request for Return of Records Case Study

Conflicting Interests

Conflict of Interest Case Study

Summary

Chapter 2 – Review Questions

Chapter 3 – Sanctions for Regulation Violations

Learning Objectives

Introduction

Authorized Sanctions for Violation of Regulations

Non-Monetary Sanctions

Censure

Suspension

Disbarment

Monetary Sanctions

Amount of Monetary Penalty

Incompetence and Disreputable Conduct

Summary

Chapter 3 – Review Questions

Review Question Answers and Rationales

Glossary

Index

Qualified Assessment

Answer Sheet

Course Evaluation



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


Back to top