IRS Practice Series: Circular 230 Considerations and Requirements

Authored by Eva Rosenberg
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.
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