About this Course
Topics covered include:
Power of Attorney;
Conflict of Interest between spouses and partners;
Business partners, and tax professionals;
Professional advertising rules;
Client privacy issues: in office, by mail, and electronically;
Interactions with IRS.
Upon completing this course, you should be able to:
Identify IRS representation, client conflicts, advertising limitations, and privacy issues;
Recognize which information should be noted that may help persuade the contact to be more polite and/or pleasant when documenting conversations with the Internal Revenue Service (IRS);
Identify who may represent an individual or entity before personnel of the IRS;
Evaluate whose signatures are non-compulsory even though they might prepare tax returns for taxpayers;
Describe the consequence of enrolled agents requesting to be placed in an inactive retirement status;
Recognize what is generally allowable according to Circular 230 with regard to tax return fees;
Evaluate recommended practice for tax preparers for security purposes;
Identify the guide and authority for the practice of preparing taxes and representing clients before the IRS;
Recognize which type of power of attorney has no specified end-date and continues in force subsequent to a grantor's incapacitation or incompetence
Differentiate steps a unenrolled return preparer might do;
Identify who may be a power of attorney for a client;
Recognize disciplinary action for violating the tax professional requirements the IRS may take with respect to CPAs;
Differentiate the biggest reason the Office of Professional Responsibility (OPR) suspends professional licenses;
Identify when an enrolled agent (EA) would be removed from the roster of inactive enrolled individuals and have their enrollment terminated;
Recognize what is required of a tax preparer that recognizes a conflict of interest during an engagement;
Recognize how to handle poor client behavior;
Identify when a tax preparer may charge a contingent fee.