This two-hour course covers most of the specific ethical considerations that come into play as a practitioner in the eyes of the Internal Revenue Service.
- Who is a tax practitioner?
- What responsibilities does the Office of Professional Responsibility regulate?
- What limitations does the IRS place on fee arrangements?
- What duties does the practitioner have with respect to client records?
- What is a covered tax opinion?
- Under what circumstances does a legend protect a practitioner from a covered opinion?
- What limitations apply with respect to a written tax opinion?
- What sanctions may be applied for violations of Service imposed standards of conduct?
- Identify the Office of Professional Responsibility;
- Distinguish between ethical responsibilities owed to the Service and the client;
- State the limitations on contingent fee arrangements;
- Discuss the areas of conflict of interest and solicitation that attend practice before the Service;
- Apply the requirements, or avoid the implications, of a covered opinion;
- Appreciate the possible sources of, and sanctions for, unethical conduct with the IRS; and
- Recognize the public disclosure of unethical conduct by a tax practitioner before the IRS.
Who should take this course:
CPAs desiring to satisfy the general professional ethics requirement in all states except those that require a state-specific ethics course (AK, AZ, DE, FL, LA, MS, NJ, NY, OH, SC, TN, TX, VA, WA, WY)