Description

This course provides a comprehensive overview of the ethical standards and principles governing tax practice, as outlined in IRS Circular 230. Participants will explore the importance of ethics in the tax preparation industry, review IRS rules, and examine common ethical violations and their associated penalties. The course emphasizes procedures that promote compliance with ethical guidelines, equipping tax practitioners to navigate complex ethical dilemmas confidently. Real-world scenarios will be used to demonstrate the application of ethical principles in tax preparation and representation.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Mary Jane Hourani, MM, EA, NTPI Fellow

Target Audience

CPAs, EAs, Tax Professionals, Attorneys

Course Objectives

After attending this presentation, you will be able to...Assess the role of ethics in the tax preparation industryAnalyze IRS rules and regulations as outlined in Circular 230Identify common ethical violations and the associated penaltiesRecall procedures that encourage compliance with ethical guidelinesApply ethical principles to real-life tax situationsAnalyze relevant provisions of Circular 230 applicable to tax return preparation and IRS representationEvaluate the impact of ethical behavior on professional reputation and complianceDevelop strategies to prevent and address ethical violations in tax practice

Subjects

The major topics that will be covered in this course include:Importance of ethics in tax practiceOverview of Circular 230 and its application to tax practitionersCommon ethical violations and penaltiesProcedures to promote compliance with ethical standardsReal-life scenarios illustrating ethical decision-making in tax preparationCircular 230 provisions related to tax return preparation and representationBest practices for maintaining professional integrity and compliance