Enrolled Agent Ethical Standards:  Practices & Procedures 2020

Program Description

The Internal Revenue Service routinely processes more than 200 million tax returns each year, many of them prepared by tax professionals. Not surprisingly, as tax law becomes increasingly complex, taxpayers often seek the knowledgeable assistance of enrolled agents and other professionals in their preparation.
To help ensure enrolled agents and other professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing tax returns, the IRS has published Treasury Department Circular 230. Circular 230 offers substantial guidance by:

  • Setting forth rules relating to the authority to practice before the IRS; and
  • Identifying the duties and restrictions relating to such practice.

This course will examine the principal rules, duties and restrictions applicable to enrolled agents in their professional activities.

Learning Objectives
Upon completion of this course, you should be able to:
1.     Recognize the permitted scope of enrolled agent responsibilities in their practice before the Internal Revenue Service.
2.     Identify best practices for preparing or assisting in the preparation of a submission to the Internal Revenue Service.
3.     Recall duties and restrictions applicable to enrolled agents with respect to:

o  Information furnished to the IRS
o  Taxpayer omissions, errors and noncompliance with US revenue laws
o  Tax Preparer diligence
o  Client records
o  Conflicts of interest
o  Solicitation of Business

4.     Identify types of conduct considered disreputable.
5.     Recall monetary and non-monetary sanctions that may be imposed by the Office of Professional Responsibility on an enrolled agent for engaging in sanctionable acts.

Program Knowledge Level

Overview

Prerequisite Requirements
None

Advanced Preparations
None

Amount of CPE Credits
2.00 CPE Credits

Field of Study
Regulatory Ethics

Enrolled Agent Ethical Standards: Practices & Procedures course (2 hrs) $20
Approved by the Office of Professional Responsibility
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