Practitioners can protect themselves from significant penalties by following the IRS’s ‘adequate disclosure’ procedures.
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.
Simply preparing a return may invoke different ethical and legal standards than would providing tax advice.
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.
The director of the IRS' Office of Professional Responsibility and veteran practitioners recently gave advice on how to steer clear of the dangers.
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.
This column reviews the advent of Schedule UTP, considers the applicable ethical rules, and offers some best practice tips for practitioners.
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.
CPAs who oversee their firm's practice should take note of the changes to expansion of supervisory obligations under Circular 230.
Practitioners are encouraged to determine whether they comply with both Sec. 7216 and revised AICPA client confidentiality rules.
This article discusses the technical provisions of Circular 230, Regulations Governing Practice Before the Internal Revenue Service, and how recent revisions could affect existing tax practice procedures and the management of tax practices.
When responding to records requests, the tax practitioner must be cognizant of, and adhere to, the collective body of applicable professional standards and law.
The IRS issued final regulations under Circular 230 on the rules for practitioners to provide written tax advice and certain other related provisions.
One of the biggest issues practitioners have with the IRS Office of Professional Responsibility is a lack of information on what constitutes a violation of Treasury Circular 230 and how OPR applies sanctions for such violations.
This column highlights some common conflicts of interest encountered by CPA tax practitioners and offers some practical means of properly addressing the consequential ethical issues.
This column refreshes practitioners on the AICPA and IRS rules of practice, provides a list of resources for questions and answers, and details the relationship and similarities between the AICPA and IRS ethics standards related to tax practice.
Tax practitioners at times must balance client interests and their own professional interests. This issue takes on even greater import when the CPA is representing a client before the IRS.
This article discusses what tax practitioners must do if their client fails to heed their advice whan an error is found on a tax return and what to do when the error is attributable to the tax practitioner’s own advice.
This article examines the two somewhat different versions of the rule on advising clients regarding erroneous tax return positions—one applied by the AICPA and the other by the IRS.
When issued in final form in 2013, Circular 230 amendments are likely to have an important impact on CPAs and other tax representatives.