CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Enrolled Agent Ethical Standards: Practices and Procedures

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Behavioral Ethics

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 the knowledgeable assistance of enrolled agents and other professionals in their preparation.

To help ensure enrolled agents and other professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing tax returns, the IRS has published Treasury Department Circular 230. Circular 230 offers substantial guidance by:

·Setting forth rules relating to the authority to practice before the IRS; and

·Identifying the duties and restrictions relating to such practice.

This course will examine the principal rules, duties and restrictions applicable to enrolled agents in their professional activities.

Learning Objectives

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

Chapter 1

  • Define ‘practice before the Internal Revenue Service”;
  • Recognize the general scope of permitted enrolled agent practice responsibilities; 
  • List the categories of individuals permitted to practice before the IRS; and
  • Identify the extent of practice privileges

Chapter 2

  • Recognize the specific duties and restrictions imposed on an enrolled agent’s practice before the IRS;
  • Describe the enrolled agent renewal cycle;
  • List the continuing education requirements applicable to enrolled agents; and
  • Understand the Internal Revenue Service PTIN requirements.

Chapter 3

  • List the types of conduct considered disreputable;
  • Describe the monetary and non-monetary sanctions that may be imposed by the Office of Professional Responsibility on an enrolled agent for engaging in sanction-able acts;
  • Identify the defining characteristics of a frivolous submission; and
  • Recognize the badges of fraud.

Course Specifics

Course ID
4160635
Revision Date
January 14, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-E-01107-17-S
IRS Ethics Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1066
CTEC Ethics Credits: 2

Course Instructor

Paul J. Winn Headshot
Paul J. Winn CLU ChFC

Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.

Enrolled Agent Ethical Standards: Practices and Procedures

Expert Instructors
Format
CPE CREDITS
2 Credits: Behavioral Ethics

$58.00$78.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Behavioral Ethics

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 the knowledgeable assistance of enrolled agents and other professionals in their preparation.

To help ensure enrolled agents and other professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing tax returns, the IRS has published Treasury Department Circular 230. Circular 230 offers substantial guidance by:

·Setting forth rules relating to the authority to practice before the IRS; and

·Identifying the duties and restrictions relating to such practice.

This course will examine the principal rules, duties and restrictions applicable to enrolled agents in their professional activities.

Learning Objectives

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

Chapter 1

  • Define ‘practice before the Internal Revenue Service”;
  • Recognize the general scope of permitted enrolled agent practice responsibilities; 
  • List the categories of individuals permitted to practice before the IRS; and
  • Identify the extent of practice privileges

Chapter 2

  • Recognize the specific duties and restrictions imposed on an enrolled agent’s practice before the IRS;
  • Describe the enrolled agent renewal cycle;
  • List the continuing education requirements applicable to enrolled agents; and
  • Understand the Internal Revenue Service PTIN requirements.

Chapter 3

  • List the types of conduct considered disreputable;
  • Describe the monetary and non-monetary sanctions that may be imposed by the Office of Professional Responsibility on an enrolled agent for engaging in sanction-able acts;
  • Identify the defining characteristics of a frivolous submission; and
  • Recognize the badges of fraud.

Course Specifics

Course ID
4160635
Revision Date
January 14, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-E-01107-17-S
IRS Ethics Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1066
CTEC Ethics Credits: 2

Course Instructor

Paul J. Winn Headshot
Paul J. Winn CLU ChFC

Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.

Enrolled Agent Ethical Standards: Practices and Procedures

Expert Instructors
Format
CPE CREDITS
2 Credits: Behavioral Ethics

$58.00$78.00

Clear