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

Preparation

None