The IRS Office of Professional Responsibility issued a bulletin that reviews the Circular 230 professional responsibilities that apply to claims for the employee retention credit.
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Circular 230 Guidance
Practitioners’ role in the continuing evolution of Circular 230
Practitioners and the organizations they are involved with can participate in facilitating the ongoing applicability and effectiveness of Circular 230.
Circular 230 should be amended to better reflect current tax practice
In response to a request for comments about planned revisions to Circular 230, the AICPA sent a letter making recommendations to the director of the IRS’s Office of Professional Responsibility.
AICPA recommends Circular 230 changes
In response to a request for comments about planned revisions to Circular 230, Regulations Governing Practice Before the IRS, the AICPA sent a letter making recommendations to the director of the IRS’s Office of Professional Responsibility.
Treasury asks for comments on planned Circular 230 update
Updating the rules governing practice before the IRS is one of the goals of the IRS Office of Professional Responsibility for the new year, its director says.
Circular 230 update planned for 2021
Updating the rules governing practice before the IRS is one of the goals of the IRS Office of Professional Responsibility for the new year, its director says.
Ethics and the tax preparer
The AICPA’s complimentary annual webcast on Tax Ethics answers questions on client confidentiality, tax practice quality control, conflicts of interest, records retention, and how
to address errors discovered on clients’ tax returns.
Professional responsibilities in the virtual age
As the COVID-19 pandemic forces firms to accelerate the adoption and overall use of virtual
communication tools, practitioners need to be aware that the foundational principles of ethics and best practices still apply when using these
technologies.
AICPA committee updates its conflict-of-interest advice
The Tax Practice Responsibilities Committee’s updated Guidelines on dealing with conflicts of
interest depend on rules found in the AICPA’s Code of Professional Conduct and Treasury Circular 230.
Promoting integrity in the classroom
Academic integrity of colleges and universities depends on developing and enforcing a comprehensive policy that sets a framework for responding judiciously and transparently to academic dishonesty, such as cheating and plagiarism.
A review of adequate disclosure rules
Practitioners can protect themselves from significant
penalties by following the IRS’s ‘adequate disclosure’
procedures.
Ethics rule would require CPAs to discuss suspected illegal acts with clients
This column addresses how this new rule may impact CPA tax practitioners providing services outside the scope of an audit or to a nonaudit client.
Tax return position vs. tax return preparation
Simply preparing a return may invoke different ethical and legal standards than would providing tax advice.
Mistakes Were Made: Knowledge of Errors on Returns and What to Do About Them
While a tax practitioner and AICPA member has a duty to notify the client, the client is responsible for deciding whether to correct the error.
Due-Diligence Hazards for Tax Practitioners: The List Keeps Growing
The director of the IRS’ Office of Professional Responsibility and veteran practitioners recently gave advice on how to steer clear of the dangers.
Why the AICPA SSTSs and IRS Circular 230 Should Be Added to CPAs’ Lists of Favorite Resources
These documents are as useful as a master tax guide or tax handbook and may ultimately save a CPA from time-consuming and costly
litigation or disciplinary proceedings.
Tax Ethical and Penalty Issues in the UTP Context: A Review After Five Years of Experience
This column reviews the advent of Schedule UTP, considers the applicable ethical rules, and offers some best practice tips for practitioners.
Tax Return Processes: The Intersection of Due Diligence and Quality Control
This column explores the interrelationship of ethical and practical considerations that start before client data come into the office and continue after the return is filed.
Supervisory Obligations Under Circular 230
CPAs who oversee their firm’s practice should take note of the changes to expansion of supervisory obligations under Circular 230.
AICPA’s Revised Confidentiality Rule, Sec. 7216, and the Tax Professional
Practitioners are encouraged to determine whether they comply with both Sec. 7216 and revised AICPA client confidentiality rules.
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
