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