Enrolled Agents & Tax Professionals Ethics Course • 2 hrs CPE credit

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$24.00

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Course Description

Ethics for Tax Professionals & Enrolled Agents: An Overview of Circular 230

Professionals such as Enrolled Agents are required to make ethical decisions daily when performing the duties of their practice. Ethical decisions are influenced by many different factors, such as culture, motivation, power, and others. This training course will describe some of the ethical considerations that influence the decision-making process through the lens of IRS Circular 230. 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

Price: $24

This course is included in our Unlimited Tax Bundle.

Course No. ECEA02
Format: Online pdf (102 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: May 2022

Objectives

After taking this CPE course for Enrolled Agents and Tax Professionals, students will be able:

Recognize exactly what information must be provided a duly authorized officer or employee of the Internal Revenue Service
Define the rules against working with disbarred practitioners or government employees.
Recognize when and how a contingent fee may be charged
Identify the rules for soliciting new business and advertising your practice.
Locate the actions that can be defined as either incompetence or disreputable conduct.
Define how a proceeding will start against a practitioner.

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
- Code of Professional Conduct
- Statements on Standards for Tax Services

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, and Subpart E: General Provisions will also be presented.