by Fmeaddons

Understanding Ethical Issues in Your Tax Practice (TXE4)

$65

Understanding Ethical Issues in Your Tax Practice (TXE4) is a complete CPE course that provides 4 credits in the field of Regulatory Ethics for CPAs.

SKU: TXE4 Category:

Description

Learn about the ethical standards and considerations that all tax practitioners must understand in order to provide high-quality, ethical service to clients. Plus earn 4 CPE credits in Regulatory Ethics.

Major Topics

  • What Internal Revenue Code penalty provisions associated with positions taken an income tax return apply to taxpayers
  • What Internal Revenue Code penalty provisions associated with positions taken an income tax return apply to tax return preparers
  • What is the difference between more-likely-than-not, substantial authority, realistic possibility, reasonable basis and a non-frivolous position
  • What limitations does the IRS place on fee arrangements
  • What duties does the practitioner have with respect to client records
  • What are the education requirements
  • What ethical considerations come into play under Circular 230 in connection with the conduct of a tax practitioner in connection with positions taken on an income tax return
  • What are the latest administrative regulations applicable to a tax return preparer
  • Who must be registered as a tax return preparer
  • Who is a tax return preparer
  • What limitations apply with respect to a written tax opinion
  • What sanctions may be applied for violations of Service imposed standards of conduct
  • Under what circumstances does a legend protect a practitioner from a covered opinion
  • What is a covered tax opinion
  • Who is a tax practitioner
  • What responsibilities does the Office of Professional Responsibility regulate

Learning Objectives

  • Understand the standards that apply to a tax position taken by a tax return preparer
  • Understand a tax return preparer’s duties of registration, continuing education, and meeting competency standards by IRS-administered examination
  • Understand the authority of the OPR to discipline through sanctions individuals performing tax-related services

Designed For

CPAs with a tax practice

Prerequisites

Experience in tax return preparation

Advance Preparation

None

Additional information

Course Acronym

Credits

Field of Study

Format

Level

Product Type

Qualifies For

State Board Accreditation

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