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IRS Circular 230 Compliance Update

Understand your obligations imposed by updated Treasury Circular 230 and the impact of court decisions and possible legislative actions.

Treasury Circular 230 governs the practice of federal tax practitioners and is a must read for tax and accounting professionals. This updated content will navigate the changes and clarify the regulations as applied to you. You will gain an understanding of the key definitions, to whom the regulations apply, and how to steer clear of trouble.

Runtime: 107 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Regulation of Practitioners Under Treasury Circular 230

  • The Law and Regulations
  • Key Definitions and Applicability
  • IRS Oversight Authority, Generally
  • Recordkeeping, CPE, etc.

Selected Key Paragraphs of Treasury Circular 230 ??" Especially New or Revised Areas

  • Tax Practice
  • Who Is a Tax Return Preparer?
  • Representation
  • Opinions and Client Communications
  • Duties
  • Conflicts of Interest
  • Sanction for Violations
  • Fees
  • Due Diligence

Preparer Penalty

  • IRC 6694
  • Levels of Authority
  • Unreasonable Tax Return Positions
  • Shelters and Reportable Transactions
  • Sanctions

Practical Guides

  • 10.21 Knowledge of Client's Omission
  • When to Withdrawal From an Engagement or Relationship
  • Reliance on Other Professionals

Written Advice

  • Review of Old Standards
  • Review of New Standards
  • Disclaimers

Impact of Court Decisions

  • Update on Congressional Action
  • Consequences of Loving, Ridgley, and Other Cases
  • Where Are We Now?

Disciplinary Procedures

  • How?
  • Judicial Review
  • Consequences
  • New Expedited Procedures
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 26, 2018.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.7
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David J. Lewis

David J. Lewis

Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A.

  • Director and shareholder of Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A. and practices out of the firm’s Northeast Ohio offices
  • Areas of concentration include corporate, individual, partnership, excise, federal tax and state and local tax issues
  • Counsels distribution and technology companies, service, manufacturing, durable medical equipment, internet, food ingredients, metals recycling, farming, processing, and transportation, on a variety of business needs
  • Listed in Best Lawyers in America® and Ohio Super Lawyers; recognized as one of the “Top Attorneys in Business Services” (Tax) in the Corporate Counsel Edition of Super Lawyers magazine; and achieved the highest rating in the Martindale-Hubbell Law Directory
  • 1999 to 2013 adjunct professor of the University of Akron faculty and teaches Tax Practice and Procedure to masters of taxation candidates and law students
  • Lectured for University of Akron’s National Tax Institute, Ohio Society of CPAs, President-Elect Akron Bar Association, Institute of Management Accountants and the Cleveland Tax Institute
  • Member of Ohio Society of CPAs and past vice-chair of the City of Hudson Board of Zoning and Building Appeals
  • Ohio CPA inactive
  • J.D. degree, Cleveland State University, Cleveland-Marshall College of Law Cum Laude, Cleveland, Ohio; B.B.A. degree in accounting, Kent State University
  • Can be contacted at 330-436-5300 or [email protected]
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 401824
Published 2018
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Available in Multiple Formats

Purchase this course and learn on your schedule!