2024 Practical Ethics and Circular 230 Compliance for CPAs

Overview

This comprehensive four-hour course takes CPAs beyond the basics, diving deep into the ethical quandaries that professionals face. Beyond just the rules of Circular 230, you'll explore a variety of ethical issues, discovering the best ways to handle them with integrity and wisdom. The course provides a dual focus: understanding your obligations under Circular 230 and tackling wider ethical challenges that can arise in your day-to-day work. With real-world scenarios and interactive discussions, you'll come away with practical solutions and the confidence to make the right decisions, keeping your practice ethical and your professional standing secure.

**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

Taxpayers' rights and protections
Professional oversight in tax practice
Navigating Circular 230 complexities
Ethical practice before the IRS
Preparer roles and responsibilities
Compliance with rules on written advice
Ensuring client confidentiality
Upholding best practices in tax preparation

Prerequisites

A basic understanding of retirement planning concepts, tax laws and regulations, and investment strategies

Designed For

CPAs, finance professionals

Objectives

Define key terms and concepts within Circular 230
Identify common ethical challenges in tax practice
Classify different types of professional conduct under Circular 230
Apply Circular 230 regulations to real-world scenarios
Demonstrate how to handle conflicts of interest ethically
Evaluate the implications of confidentiality and due diligence in practice
Construct strategies for maintaining independence in professional judgment
Discuss knowledge and skills to improve ethical decision-making processes