Virtual
Due Diligence Requirements: Circular 230 and Other Professional Standards 2023
Date: Nov. 17, 2023
Time: 10 a.m. – 12 p.m. PT
Member
$89.00
Nonmember
$119.00
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Overview
Recent IRS management comments and enforcement activity indicate rising due diligence inquiries and analyses will be expected of tax preparers concerning information supplied by taxpayers. Learn to avoid exposure to disciplinary actions. Tax practitioners should be aware of recent developments and activity in other Circular 230 and tax practice and procedural areas to avoid disciplinary actions by the IRS.
Product Code
1000001644-118754
Credit Type
CPE: 2CPE-ET: 2CPE-Technical: 2CTEC-ET: 2IRS-ET: 2Accessibility
Closed Captioning Available
Intended Audience
CPAs, EAs, and other tax return preparers.
NASBA Field of Study
Taxes
Level of Difficulty
Advanced
Prerequisites
Tax practitioners with two years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.
Advance Preparation
None
Learning Objectives
Major Subjects
- Due diligence requirements under Treasury guidance, including supervisory responsibilities
- Due diligence requirements under professional standards
- Increased expectations for inquiry and analysis?
- Meeting increased expectations: informing clients and defensive measures for practitioners
- Due diligence for preparer advice responsibilities
Faculty
Additional Details
This course was recorded on 6/5/2023 The instructor will be available via the chat feature to answer questions during the presentation.