Circular 230 Ethics: This course reviews the use and application of Circular 230 and an active income tax preparation through case studies of advertising, cashing checks, hiring, PTIN and EA requirements, the AFSP program, consent and disclosure rules. We also provide reference for authoritative guidance.

Upon completion of this course you should be able to explain when Circular 230 applies to a tax professional as well as PTIN requirements. Designed to equip you with a Circular 230 overview, you should gain a working knowledge of IRC Sec 6694 Compliance, preparer penalties, and select Circular 230 rules. In addition, you should be able to identify those subject to Circular 230, such as unlicensed preparers, PTINs, and those in the AFSP program. The course covers consent and disclosure rules, confidentiality, IRS authoritative guidance, case studies, and more. You should be able to recognize whether or not you meet the requirements to take a position on a tax return, what to do as a professional to ensure that they do not violate established rules of ethics, and how to avoid actions that would result in sanctions, suspension, or disbarment.

AICPA Ethics: Going through the AICPA Code of Conduct we discuss who AICPA ethics apply to, define various terms and then go through a dozen case studies regarding 3rd parties, engagement letters, fees, commissions, independence, and discreditable acts. We then do several more case studies applying the rules for advertising as well as useful practice aids and conclude with a review of quality control standards.

This 2-hour course provides the practitioner with guidance on how to comply with independence, fees and advertising rules of the AICPA Code of Conduct.

• Prerequisites: None
• Hours: 4
• Field of Study: Regulatory Ethics - 4
• Course Level: Basic
• IRS Number: Pending

Early Registration Deadline: October 17, 2024