Description:

This book is for preparing 2024 taxes. Each year, taxpayers’ actions, or changes in tax law, present tax professionals with ethical dilemmas. To remind tax professionals of their responsibilities, IRS publication Circular 230, Regulations Governing Practice before the Internal Revenue Service, was developed to provide the necessary standards and guidance to assist when challenging ethical situations arise. This course reinforces the tax professional’s ethical responsibilities by summarizing key points of Circular 230, identifying common tax preparer penalties and reviewing due diligence requirements when preparing Form 8867, Paid Preparer’s Due Diligence Checklist.

• Summarizing Circular 230 rules governing individuals eligible to represent taxpayers before the IRS
• Identifying common tax preparer penalties
• Explaining due diligence requirements

Product Details:

Item Number: 24308

Level: Basic

Authors: NATP Staff

Published: 2024

Format: Print - 88 pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2024 course when available.