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.
Learning Objectives:
- You will be able to review selected key paragraphs of C230 - especially new or revised areas.
- You will be able to define IRC 6694.
- You will be able to identify the very latest news on IRS regulation of tax professionals.
- You will be able to discuss 10.21 knowledge of client's omission - what to do.
This Live Webinar Covers These Hot Issues:
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
Credit Information (Sponsored by Lorman Education Services):
- CFP
- CLE
- CPE
- AIPB
- NASBA
- Enrolled Agents
For Detailed Credit Information page click here
Only registered attendee will receive continuing education credit.
Instructor Profile:
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 dlewis@KWGD.com
(Not available outside the US)