Tax Practice Ethics (SMTX37/20)
November 26, 2019 @ 8:30 am - 12:00 pm| $160
Taxpayers are ultimately responsible for their own returns, but return preparers are subject to ethical standards that make them responsible for what is in the return, what is not in the return and how that information is presented. For example, return preparers are expected to inform clients about errors discovered and the consequences of ignoring them. The preparer must evaluate the reliability of information furnished by the taxpayer.
Want to protect against unnecessary liability? Avoid the headache of big mistakes discovered in IRS audits? A quality tax practice begins with respect for the Standards.” Join Lynn for this valuable practice guidance.
Treasury Circular 230
AICPA Statements on Standards for Tax Services
Internal Revenue Code Preparer Penalty Provisions
TAX PRACTICE ETHICS AND QUALITY CONTROL
Identify ethical standards and compliance requirements in:
– South Carolina Code of Laws and Board of Accountancy Regulations
– Treasury Circular 230
– AICPA Statement on Standards for Tax Services
– Internal Revenue Code Preparer Penalties
Understand system and quality control procedures necessary to assure good client service and compliance with all laws and regulations
Learn about failures in compliance with ethical standards and consequences to individual CPAs and to the profession as a whole
E. Nichols, CPA