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Sessions | Instructor | Event Registration |

Event Information

Due Diligence Requirements: Circular 230 and Other Professional Standards Webcast | 4203490B
Date: August 21, 2020
Event Start time: 10:30 AM   End time: 12:10 PM
Location: Webcast

Facility: Webcast Rebroadcast

 


Member:       $79
Nonmember: $109

CPE Credits:

2.00 CPE: Continuing Professional Education Technical
2.00 CTEC-Ethic: Certified Tax Preparers (CTEC) Ethics Hours Technical
2.00 IRS-ET: IRS Ethics Technical
2.00 ET: Ethics


 

Recent IRS management comments and enforcement activity indicate rising due diligence inquiries and analyses will be expected of tax preparers concerning 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.

 

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.
 

Major Subjects:
 
  • 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
 

Level of Difficulty:
Advanced

Field of Interest:
Taxes

Prerequisites:
 

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

 

Designed For:
 

CPAs, EAs, and other tax return preparers.

 

Advanced Prep:
 

None.

 

Event Notes:
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