Tax Practice Standards (Video)

  • Credits: 2
  • Format: Self-Study Video
  • Field of Study: Regulatory Ethics
  • Author/Speaker: Allison McLeod

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Available Formats:        
Advanced Preparation: None
Experience Level: Basic
Program Prerequisites: General Understanding of Ethics
Course ID: EWTFM-E-02008-22-S | 6233-CE-0737 | AM-128.22-SV
Published Date: March 2022

***SPECIAL NOTE: This course might not cover your State Ethics requirement! See our "Self-Study eBook Ethics Section" on States and your State Board to ensure you are covered. This course does not meet the "Ethical" requirement for the following States: DE, FL, LA, MS, OH, NJ, OR, TX, SC, TN, VA, WA, WY ***

COURSE DESCRIPTION

Please join us for a comprehensive discussion on standards that professionals must adhere to as tax practitioners.  We will be covering the major governing rules, such as Treasury Circular 230, the AICPA Statements on Standards for Tax Services (SSTS), the Internal Revenue Code (IRC), and common law.  Also included will be case studies illustrating dilemmas faced by tax practitioners.  This course is ideal for CPAs, EAs, or other tax professionals.

Learning Objectives:

After reading the course material, you will be able to:

  • Know the expectations for tax practitioners in serving clients, including the duty of confidentiality, competency, and proper administration of the tax law.
  • Understand the practitioner’s obligations to disclose certain client information when representing them against the IRS
  • Know the sources that govern tax practice, such as Treasury Circular 230, the SSTS, the IRC, and common law.
  • Understand the common law standards of reasonable behavior and when a tax practitioner may be subject to negligence or other types of common law causes of action.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC