Ethical Standards in Tax Practice: Circular 230 and Compliance
Online
2.00 Credits
Member Price $89.00
Non-Member Price $119.00
Overview
This instructor-led course offers an in-depth analysis of ethical challenges that tax professionals face, focusing on the provisions of Circular 230 and how they apply to real- world scenarios. Through the discussion of key issues such as conflicts of interest, confidentiality, diligence, contingent fees, and the handling of amended returns, participants will learn how to apply ethical principles in their practice while maintaining professional standards. Participants will gain a comprehensive understanding of how to handle ethical dilemmas, manage client pressures, and ensure compliance with regulatory expectations, all while safeguarding their professional integrity.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Handouts Tab and submit to kori.herrera@acpen.com
Objectives
- Identify and address conflicts of interest in tax practice.
- Explain the ethical responsibilities of protecting client confidentiality.
- Apply due diligence in tax filings and client communications.
- Analyze the ethical considerations of charging contingent fees.
- Evaluate when and how to file amended returns based on new information.
- Recognize client pressure tactics and their impact on ethical decision-making.
- Demonstrate an understanding of Circular 230 provisions related to diligence and competence.
- Apply best practices for tax advisors to avoid disreputable conduct.
Highlights
- Conflicts of Interest in Tax Practice
- Client Confidentiality and Ethical Obligations
- Due Diligence as to Accuracy
- Ethical Considerations of Contingent Fees
- Filing Amended Returns: Balancing Corrections and Consequences
- Client Pressure and Ethical Challenges
- Circular 230: Diligence and Competence Requirements
Designed For
CPAs, EAs, tax professionals
Prerequisites
Basic knowledge of IRS procedures and tax collection
Preparation
None
Notice
Your webinar can be accessed via https://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.
Leader(s):
Leader Bios
Mary Jane Hourani, MM, EA, NTPI Fellow, Hourani & Associates, Inc.
Mary Jane Hourani, MM, EA, NTPI Fellow, Tax Accountant
Mary Jane has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms before transitioning to her own practice in 2005.
Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting.
She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow.
Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2014 as well as a speaker for several trade organizations since 2010.
Mary Jane has been a Contributing Editor and/or Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2015. She writes and compiles tax course packs used by Michigan State University Tax School. Mary Jane is an author/speaker for several national trade organizations and national CPE providers. She is a former H&R Block Instructor/Trainer.
Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
Non-Member Price $119.00
Member Price $89.00