Ethics and Circular 230 Self Study
Each year, tax preparers face ethical dilemmas, especially with the changes in the tax law. Circular 230, Regulations Governing Practice before the Internal Revenue Service, provides our profession with standards to prevent us from overstepping professional boundaries. This course summarizes key parts of Circular 230, reviews the rules governing unenrolled tax preparers, common tax preparer penalties, and due diligence for earned income tax credit, child tax credit, additional child tax credit, American opportunity tax credit and head of household filing status. Additionally, the course will review actual ethic-related court cases to provide real-world context and application examples.
Upon completion of this course, you will be able to:
- Identify the Circular 230 rules governing individuals eligible to represent taxpayers before the Internal Revenue Service (IRS).
- Identify the rules governing unenrolled tax preparers.
- Identify common penalties assessable against tax return preparers.
- Identify due diligence requirements.
- Evaluate case studies.
This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.