Identify significant legislative and regulatory developments shaping the federal tax landscape, including the expiration of the TCJA and proposed reforms like the Fair Tax Act.

Recognize shifting IRS enforcement priorities, particularly increased scrutiny of high

income individuals, small businesses, and cryptocurrency transactions.

Evaluate the implications of proposed Circular 230 revisions, including expanded definitions of disreputable conduct and new requirements for preparer compliance and disclosures.

Assess the operational and ethical risks tax professionals face amid evolving IRS procedures, taxpayer service goals, and automation trends.