Ethical Standards in Tax Practice: Circular 230 and Compliance

Overview

This instructor-led course offers an in-depth analysis of ethical challenges that tax professionals face, focusing on the provisions of Circular 230 and how they apply to real- world scenarios. Through the discussion of key issues such as conflicts of interest, confidentiality, diligence, contingent fees, and the handling of amended returns, participants will learn how to apply ethical principles in their practice while maintaining professional standards. Participants will gain a comprehensive understanding of how to handle ethical dilemmas, manage client pressures, and ensure compliance with regulatory expectations, all while safeguarding their professional integrity.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Handouts Tab and submit to kori.herrera@acpen.com

Highlights

• Conflicts of Interest in Tax Practice
• Client Confidentiality and Ethical Obligations
• Due Diligence as to Accuracy
• Ethical Considerations of Contingent Fees
• Filing Amended Returns: Balancing Corrections and Consequences
• Client Pressure and Ethical Challenges
• Circular 230: Diligence and Competence Requirements

Prerequisites

Basic knowledge of IRS procedures and tax collection

Designed For

CPAs, EAs, tax professionals

Objectives

• Identify and address conflicts of interest in tax practice.
• Explain the ethical responsibilities of protecting client confidentiality.
• Apply due diligence in tax filings and client communications.
• Analyze the ethical considerations of charging contingent fees.
• Evaluate when and how to file amended returns based on new information.
• Recognize client pressure tactics and their impact on ethical decision-making.
• Demonstrate an understanding of Circular 230 provisions related to diligence and competence.
• Apply best practices for tax advisors to avoid disreputable conduct.

Preparation

None