BarbriSFCourseDetails
  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

Tax Ethics: Best Practices for Ensuring Compliance With Circular 230 and Other Applicable Rules

$197.00

This course is $0 with these passes:

CPE
ALL
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Description

Fulfilling one's professional obligations as a tax practitioner has never been easy, and the disruption caused by more practitioners working from home has compounded the profession's ethical challenges. This webinar will explore how Circular 230, statutory penalties, and other applicable rules apply in everyday situations and discuss how technological changes expose tax professionals to potential sanctions.

To practice before the IRS, tax practitioners must comply with standards outlined in Circular 230, which covers conflicts of interest, the duty of confidentiality, knowledge of a client's omission, and other issues, including the duty of supervisors to ensure that others in their firm comply with the rules. Knowing the requirements of the Circular, which complements the professional standards adopted by accounting societies and bar associations, is vitally important.

Listen as Bryan C. Skarlatos, Partner at Kostelanetz LLP discusses how Circular 230 and other rules apply in various factual situations and could affect a professional's responsibilities. He will provide takeaway practical hints and best practices to ensure compliance and avoid penalties.

Presented By

Bryan C. Skarlatos
Partner
Kostelanetz, LLP

For more than 35 years, Mr. Skarlatos has represented corporations and individuals in sensitive matters, many of which involve negotiation or litigation with government agencies. He has significant experience in federal and state tax audits, appeals and litigation, criminal tax investigations and white-collar criminal prosecutions. Mr. Skarlatos is an internationally recognized expert on reporting foreign assets to the IRS and has handled hundreds of voluntary disclosures, civil audits and criminal investigations involving alleged failure to report foreign assets. Mr. Skarlatos has been an adjunct professor at New York University School of Law for nearly 20 years where he teaches a class on Tax Penalties, Prosecutions and Procedures.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Friday, April 19, 2024

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Importance of ethics training
    1. What are ethics?
    2. What are the sources of ethical rules?
  2. The intersection of personal beliefs and professional rules of conduct
  3. Ethical reasoning process of tax practitioners
  4. An analytical framework for tax professionals
  5. Overview of Circular 230
  6. What constitutes practice before the IRS?
  7. Circular 230: Review of key provisions
  8. Circular 230: Open issues
  9. The ethical landscape
  10. Ethical scenarios
  11. Civil penalties, including IRC 6694
  12. Appendices

After completing this program, participants will understand how Circular 230 addresses the more commonly encountered ethical questions tax practitioners face, including:

  • What to do if you have knowledge of a client's omission of income from a tax return
  • Can you rely on the work of other tax return preparers?
  • What is the extent you may rely on and use client-provided information?
  • What standards are associated with advising clients?

Learning Objectives

After completing this course, you will be able to:

  • Differentiate among tax preparers, planners, and representatives
  • Understand the key provisions of Circular 230
  • Ascertain the extent that a tax professional may rely on and use client-provided information
  • Determine the standards associated with advising clients
  • Discern what activities constitute practice as a tax professional
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.

BARBRI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .