You are not required to be a professional to prepare tax returns, but you are required to abide by regulations when preparing tax returns and representing clients with the IRS. Circular 230 is the guidebook that the United States Treasury uses to regulate those activities.
DESIGNED FOR
CPAs who practice tax compliance and return preparers.
BENEFITS
After attending this presentation, you will be able to...
- Estimate the importance of Circular 230
- Recall the penalties of violating Circular 230
- Recognize the duties in practicing before the IRS
- Recognize the common problems with clients
- Identify common schemes in false tax returns
- Review real examples of violations of Circular 23
HIGHLIGHTS
The major topics covered in this class include:
- The authority of Circular 230 on return preparers
- The possible penalties for violating Circular 230
- How to answer ethical situations with clients
- Characteristics of return preparers who prepare false tax returns
- How to identify the violations in real life examples
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None