Ethics  |  Format: Flash

Tax Return Preparer Ethical Issues

Course Overview
The Internal Revenue Service routinely processes more than 200 million tax returns each year, many of them prepared by tax professionals. Not surprisingly, as tax law becomes increasingly complex, taxpayers often seek for the knowledgeable assistance of attorneys, CPAs, enrolled agents and other qualified tax return preparers.

To help ensure such professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing their tax returns, the IRS has published Treasury Department Circular No. 230. Circular 230 offers substantial guidance by:

  • Setting forth rules relating to the authority to practice before the IRS;
  • Identifying the duties and restrictions relating to practice before the IRS; and
  • Prescribing sanctions for violating the regulations.

    This course will examine many of those rules, duties and restrictions as well as the sanctions imposed for their violation. In that examination of applicable rules, the course will discuss the requirements imposed on tax return preparers and will then present real-world scenarios focusing on specific ethical issues preparers may encounter in their professional activities. The preparer will be asked to analyze the scenario, identify the ethical issue or issues presented, and determine an appropriate response.

    Learning Objectives
    After completing this course, the course participant should be able to:

  • Recognize the permitted scope of tax return preparer responsibilities;
  • Identify the best practices for tax advisers in preparing or assisting in the preparation of a submission to the IRS;
  • Identify practitioner duties and restrictions with respect to �
  • Information to be furnished to the IRS,
  • The practice of law,
  • Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws,
  • The requirement for preparer diligence as to accuracy,
  • Return of client records,
  • The existence of conflicts of interest, and
  • Solicitation of business; and
  • Determine the various sanctions that may be imposed for a preparer�s failure to comply with applicable conduct rules.
    Catalog Number: 99WIN14
    CPE Credits: 2 Registry / 2 QAS
    IRS CE: This course also qualifies for IRS registered tax return preparers and enrolled agents CE in the Ethics catagory. Program Number: UQNRM-E-00194-18-S
    Author: Paul J. Winn CLU ChFC
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Regulatory Ethics
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Mar 15, 2018 / Jun 14, 2020