Virtual

Addressing Conflicts of Interest and Errors on Tax Returns 2024

Date: Feb. 24, 2025

Time: 8 – 10 a.m. PT

CPE: 2

Overview

This course will cover an advanced-level review of rules regarding error discovery during tax return preparation. Learn reporting requirements and advisement in these situations. The discovery of errors in a taxpayer's Federal return during preparation or an administrative proceeding and addressing conflicts of interest are among the most challenging issues for tax professionals. Understanding the professional standards and rules is paramount to avoid a violation.

Companion Course: Due Diligence Requirements: Circular 230 and Other Standards 2024

Product Code
1000002653-124864
Credit Type
CPE: 2
CPE-ET: 2
CPE-Technical: 2
CTEC-ET: 2
IRS-ET: 2
Accessibility
Closed Captioning Available
Intended Audience
CPAs, EAs and tax preparers.
NASBA Field of Study
Regulatory Ethics
Level of Difficulty
Advanced
Prerequisites
Tax practitioners with 2 years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.
Advance Preparation
None

Learning Objectives

Recognize the various regulatory and professional requirements associated with discovering errors and conflict of interest issues that confront the tax practitioner

Identify critical areas to be addressed in advising on discovering an error, including required communications with the taxpayer and related engagement matters

Recognize the need to document the advice given when an error is discovered and the possible consequences

Recognize the need to monitor potential conflicts of interest and the steps necessary to determine if continued representation is feasible when an actual conflict exists

Determine the required documentation when a conflict of interest exists

Major Subjects

Overview of the rules about discovering an error in a return either when rendering future preparation services or during representation in an administrative proceeding
Discussion of the duty to 'advise' clients concerning potential taxpayer penalties associated with discovering an error or omission
Discussion of the Circular 230 requirements when a conflict of interest exists in a client engagement
Circular 230 and the IRS Office of Professional Responsibility oversight and disciplinary authority

Faculty

Arthur John Dellinger Jr.

As senior tax partner at Cooper Moss Resnick Klein & Co. LLP, Kip Dellinger provides services as an expert in the areas of CPA tax practice regulatory discipline and malpractice matters; this includes his engagement by Big 4 CPA firms as an expert pertaining to conduct matters and substantive technical issues in several tax shelter malpractice cases. He also represents clients in tax controversy matters and provides services to tax counsel in ...

More about Arthur John Dellinger Jr.

Additional Details

This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.

Addressing Conflicts of Interest and Errors on Tax Returns 2024

Member

Nonmember

Overview

Product Code

Credit Type

Accessibility

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Major Subjects

Faculty

Additional Details