Ethics for Tax Professionals & Enrolled Agents: An Overview of Circular 230
This program addresses ethics and professional conduct in connection with tax return preparation. Selected portions of IRS Circular 230 are discussed. The course meets the 2-hour ethics requirement for IRS Enrolled agents. CPAs and other tax professionals will also benefit from this study.
Course Information
Course No. EEAJN
Format: Online pdf (38 pages). Printed book available.
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 2 hrs.
Field of Study: Regulatory Ethics: Technical
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: August 2021
Objectives
Tax and accounting professionals are expected to adhere to a high ethical standard when representing taxpayers before the Internal Revenue Service. Practitioners are governed by and required to know about applicable rules of practice when preparing tax returns. Among them are:
- Circular 230 – Applies to all CPAs and tax professionals in federal tax practice.
- State Licensing Board Rules of Conduct
- Professional organizations such as the AICPA
Practitioners should familiarize themselves with all of these regulations in order to protect themselves and practice with greater confidence. Among other things, ethics knowledge has relevance in the following areas:
- Avoiding penalties for you and your clients
- Avoiding censure and potential loss of livelihood
- Avoiding malpractice and other legal trouble
- Recognizing potential tax fraud
- Limiting disreputable conduct
This course presents an overview of Treasury Department Circular No. 230, Regulations Governing Practice before the Internal Revenue Service. Due to the time restrictions of a 2-hour course, this presentation will concentrate on Subpart B: Duties and Restrictions Relating to Practice before the Internal Revenue Service. Selected portions of Subpart A: Rules Governing Authority to Practice, C: Rules Applicable to Disciplinary Proceedings will also be presented.
I have always thought the ethics for enrolled agents is great