Ethics for Tax Return Preparers

Description

This course provides two hours of ethics credits for tax return preparers. The course covers the major ethical and regulatory frameworks applicable to tax practitioners, including due diligence requirements, preparer penalties, and tax law authority standards needed to properly support tax return positions.

Highlights

LINK AND INSTRUCTIONS TO COME FROM AES TAX ONE DAY PRIOR TO SESSION

Objectives

After completing this course the participant will be able to:

• Explain the major ethical and regulatory guidelines applicable to tax return preparers.
• Implement best practices to ensue adherence to ethical and regulatory rules.
• Describe the IRS PTIN requirements.
• Identify which alternatives are subject to Circular 230.
• Determine when conduct is sanctionable under Circular 230.
• Identify the underreporting penalties and tax position standards applicable to taxpayers and practitioners.
• Explain the penalties regarding failure to sign a return and client access to records.
• Describe the tax return preparer due diligence requirements under §6695.
• Explain the substantial authority and reasonable basis standards.