Due Diligence Requirements: Circular 230 and Other Professional Standards

Course Details

Date

Monday, December 16, 2019

9:00am – 11:00am
(Registration: 8:30am)

Field of Study

Taxation

Course Number

4193490B

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Advanced

Vendor

CalCPA Education Foundation

Prerequisites

Tax practitioners with two-years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.

Description

Recent IRS management comments and enforcement activity indicate rising due diligence inquiries and analyses will be expected of tax preparers about information supplied by taxpayers. Learn to avoid exposure to disciplinary actions.

To avoid disciplinary actions by the IRS, tax practitioners should be aware of recent developments and activity in other Circular 230 and tax practice and procedural areas.

Highlights

  • Due diligence requirements under Treasury guidance including supervisory responsibilities
  • Due diligence requirements under professional standards
  • Increased expectations for inquiry and analysis?
  • Meeting increased expectations: informing clients and defensive measures for practitioners
  • Due diligence for preparer advice responsibilities

Objectives

  • Obtain an understanding of due diligence requirements under current law and professional standards.
  • Learn about the IRS push for increased practitioner due diligence in ensuring taxpayer compliance.
  • Obtain information about how to respond, if necessary, to increased due diligence requirements; it’s never too soon to start.

Designed For

CPAs, EAs, and other tax return preparers.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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