Ethics and Preparer Responsibilities

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Ethics and Preparer Responsibilities

Professional tax preparers have significant duties to both the taxpayer and the IRS. Because of access to sensitive financial information and the responsibility of calculating tax liability, preparers have important choices about the manner in which they do their job. To provide guidance on this topic of ethics and preparer responsibilities, the IRS created Circular 230 which serves as the manual for practice before the IRS. This course provides an overview of the topics included in that document as well as related IRS requirements.

New preparers taking this course will learn the IRS regulations and requirements for filing tax returns. Experienced preparers will enhance their existing knowledge of ethics and preparer responsibilities.

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Product Description

This course is divided into the following four lessons:

• Lesson 1 – Ethics – Definition, Purpose, History and Context
• Lesson 2 – Rules Governing the Authority to Practice
• Lesson 3 – Duties and Restrictions for Practice Before IRS
• Lesson 4 – Sanctions and Penalties

Learning Objectives

Lesson 1

  • Identify how the ethical behavior of tax practitioners is regulated.
  • Determine the scope and purpose of Circular 230 and how ethics relates to tax preparer responsibilities.

Lesson 2

  • Identify the name and function of the offices created to administer and enforce the regulations established in Circular 230.
  • Identify who may practice before the IRS.
  • Determine the application and testing requirements practitioners must complete to earn the privilege of practicing before the IRS.
  • Identify the continuing education requirements to maintain the privilege of practicing before the IRS.

Lesson 3

  • Determine the action practitioners are required to take when the IRS requests client records.
  • Name the responsibilities of practitioners who become aware of a client error or omission in a tax return.
  • Identify activities that are considered “prohibited assistance” and the consequences for practitioners who knowingly accept assistance from disbarred or suspended practitioners.
  • Identify “records of the client” and what records must be returned to a client when requested.
  • Identify when a practitioner can or cannot represent a client when a conflict of interest exists.
  • Identify when practitioners are allowed to charge contingent fees to a client.
  • Identify the requirements for practitioners when soliciting.
  • Identify the rules for the negotiation of taxpayer checks.
  • Recognize best practices recommended for tax advisors.
  • Determine the requirements for practitioners providing written advice.

Lesson 4

  • Identify incompetence and disreputable conduct.
  • Select the sanctions available to the Internal Revenue Service and Department of Treasury for practitioners found to be incompetent or disreputable.

Publication Date: July 2018

IRS Course #: A360U-E-00090-18-S

Program Level: Overview. This course provides a general overview of the subject matter from a broad perspective.  It is suitable for tax professionals at all organization levels.

Prerequisites/Advanced Preparation: No prerequisites and no advanced preparation.

Delivery Method: QAS Self-Study

License Term:  180 days

CPE/CE Credits: IRS 2 CE Ethics. One 50- minute period equals one CPE/CE Credit Hour.

Field of Study: IRS – Ethics

Passing Grade: Participants who answer a minimum of 70% correct on the final exam will receive a Certificate of Completion.

Record Retention: As an IRS-approved provider of continuing education The Tax University will report successful completion of this course to the IRS.  You can access and view all completed continuing education credits through your online PTIN account.

Complaint Resolution Policy: Please contact our customer service department at 1-434-227-4480.

Refund Policy: 30-day money back guarantee.  For refund assistance, please contact our customer service department at 1-434-227-4480.

Price: $29

The Tax University Offers Substantial Discounts When You Purchase Multiple Courses! All Discounts Appear At The Bottom Of The Order Page When More Than One Course Is Selected.

Click Here To Order the CE Course Ethics and Preparer Responsibilities

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