Tax Return Preparer Ethical IssuesCode: 25-TAXPREP

37 pages
Course description and objectives:

This course will examine many of those rules, duties and restrictions as well as the sanctions imposed for their violation. In that examination of applicable rules, the course will discuss the requirements imposed on tax return preparers by them and will then present real-world scenarios focusing on specific ethical issues preparers may encounter in their professional activities. The preparer will be asked to analyze the scenario, identify the ethical issue or issues presented and determine an appropriate response.

Learning Objectives
Upon completion of this course, you should be able to:

• Recognize the permitted scope of tax return preparer responsibilities;
• Identify the best practices for tax advisers in preparing or assisting in the preparation of a
  submission to the Internal Revenue Service;
• List practitioner duties and restrictions with respect to:
  • Information to be furnished to the IRS,
  • The practice of law,
  • Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws,
  • The requirement for preparer diligence as to accuracy,
  • Return of client records,
  • The existence of conflicts of interest, and
  • Solicitation of business; and
• List the various sanctions that may be imposed for a preparer's failure to comply with
  applicable conduct rules.

Category: Ethics

CPE credit: 5 Hours

Program Level: Update

Prerequisites: None

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase