Each year, taxpayer actions or changes in the law present tax preparers with ethical dilemmas. This year, the Protecting Americans from Tax Hikes Act (PATH) expanded the due diligence requirements for tax professionals. Register for this webinar to ensure you’rrre properly protecting yourself, your practice and your clients from unnecessary penalties. We will review Circular 230 and the PATH Act, as well as the preparer penalties that the IRS imposes for ethical violations.
Circular 230 provides our profession with standards to prevent us from overstepping professional boundaries, such as how to run your office, make decisions, determine what questions to ask clients and decide what records to rely on. This webinar summarizes key points of Circular 230, identifies the current IRS return preparer initiatives in place to improve the accuracy and quality of tax returns, highlights preparer penalties and simply reviews ethical standards important to tax return preparers.
Genaro Cardaropoli, CPA