Tax Return Preparer Ethical Issues - Updated for 2023
SKU: 02-245-01-CPE
Credit Hours: 3
CPE Category: Regulatory Ethics: Technical
CE Category: Ethics
Delivery Method: Online PDF
Instructor: Paul J. Winn CLU ChFC
Course Description:
This course examines tax preparer conduct standards. It addresses the issues of confidentiality, accuracy, conflict of interest, taxpayer omissions and return of client records. The ethical rules governing these issues are discussed, and tax preparers are presented with real-world scenarios that focus on the ethical issues that may be encountered in their professional activities.
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 furnished to the IRS, the unauthorized 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
- List the various sanctions that may be imposed for a preparer’s failure to comply with applicable conduct rules.