Circular 230 and Rogue Return Preparers

Overview

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. Every year, return preparers are sanctioned, penalized, and sometimes imprisoned for violating various statutes and regulations. If a substantial amount of your CPA firm’s revenue comes from tax preparation, this course is a must. Every year, return preparers violate these regulations, and are caught by the IRS. This presentation will help the CPA know the rules so they can stay in compliance with confidence while providing their client with tax preparation and IRS representation service. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

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

Prerequisites

None

Designed For

CPAs who practice tax compliance and return preparers.

Objectives

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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.