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Event Description

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.

Designed For

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)

Objectives

  • 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.

Major Subjects

  • 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?

Prerequisites

None

Instructions

None