Ethical Considerations for Tax Practitioners (ETC2)

Customer Rating
Field of Study
Regulatory Ethics (Technical)
Level
Intermediate
Credits
2
Qualifies For
IRS CPE



Price:  $ 19.99

This two-hour course covers most of the specific ethical considerations that come into play as a practitioner in the eyes of the Internal Revenue Service. The IRS intends to revise Circular 230, the core of this course. Stay tuned.

Additional information

year

2023

version

01

Credits

2

Company Code

Self Study

Format

On Demand

Yellow Book Approved

0

CFP Approved

0

IRS Approved

1

CTEC Approved

0

Field of Study Credits

Regulatory Ethics (Technical) (2)

Field of Study Department

Regulatory Ethics (Technical)

Course Version

2023-01

CPE Approved

1

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)