2 Credits: Regulatory Ethics
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.
Upon successful completion of this course, participants will be able to:
- 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
- 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.
- 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.
January 10, 2023
There are no prerequisites.
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-E-02081-22-S
IRS Ethics Credits: 2
CTEC Course Number: 2071-CE-1066
CTEC Ethics Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Ethics and Professional Conduct for Texas CPAsJoseph Helstrom, CPA
California Regulatory ReviewDelta CPE LLC
Ethics and Professional Conduct for California CPAsJoseph Helstrom, CPA & Patricia McCarthy, MBA
Meet The Experts
Paul J. 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.