Ethical Considerations for Tax Practitioners (ETC2)

Pre-requistes:

None

Knowledge Level:

Intermediate

Major Topics:

• What limitations does the IRS place on fee arrangements?
• What sanctions may be applied for violations of Service imposed standards of conduct?
• What responsibilities does the Office of Professional Responsibility regulate?
• What duties does the practitioner have with respect to client records?
• What limitations apply with respect to a written tax opinion?
• Who is a tax practitioner?

Learning Objectives:

• Identify the Office of Professional Responsibility;

• Distinguish between ethical responsibilities owed to the Service and the client;

• State the limitations on contingent fee arrangements;

• Discuss the areas of conflict of interest and solicitation that attend practice before the Service;

• Apply the requirements, or avoid the implications, of a covered opinion;

• Appreciate the possible sources of, and sanctions for, unethical conduct with the IRS; and

• Recognize the public disclosure of unethical conduct by a tax practitioner before the IRS.

Designed For:

CPAs who want to satisfy the general professional ethics requirement in all states except those that require a state-specific ethics course (AK, AR, AZ, CA, CO, DE, FL, ID, LA, MI, MS, NJ, NY, OH, SC, TN, TX, UT, VA, WA, WY)