Virtual
Due Diligence Requirements: Circular 230 and Other Professional Standards 2024
Date: Feb. 24, 2025
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.
Companion course: Addressing Conflicts of Interest and Errors on Tax Returns 2024
Product Code
1000002654-124866
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 is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.
