Responding to taxpayer and return preparer requests for more help with the law that makes it a crime to misuse tax return information (IRC Section 7216), the IRS just released major guidance - regulations and two rulings (Rev. Rul. 2010-4 and Rev. Rul. 2010-5). This guidance answers some questions while raising others: What information can now be used without the client's permission and when? Are you covered by this law because you assist a return preparer? Comments on the proposed regulations are due in March.
The Knowledge Group has scheduled a LIVE Webcast on the new IRS guidance and the comments on it that will help you understand how these rules affect you and how you can avoid the criminal and monetary penalties for running afoul of them. If you prepare returns, serve return preparers or have your return professionally prepared and want to know what can (and cannot) be done with your confidential information, then join us for this program. Advanced registration is recommended as space is limited for this popular event.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103942
Jim F. Kurdziel
Senior Program Analyst and Technical Advisor, Electronic Tax Administration (ETA)
Michael P. Dolan
Chair of the AICPA Section 7216 Regulations Task Force
Phillip Pillar
Shareholder
Kenneth K. Wright
Owner
Jim F. Kurdziel, Senior Program Analyst and Technical Advisor, Electronic Tax Administration (ETA), Internal Revenue Service
- Overview of ยง7216 statute and regulations
- Summary of 2009 regulation changes
- Identification of trouble spots in the regulations
- Introduction to the 2010 amendments to the regulations and revenue rulings
Phillip Pillar, Shareholder, Greenberg Traurig, LLP
- Last year the first new regulations in a generation brought the law that can make it a crime for a return preparer to misuse taxpayer information into the 21st century.
- Recently IRS and Treasury issued more guidance on key remaining issues, including marketing, statistical compilations, and auxiliary services.
- Comments to proposed regulations are due by March 5th.
- In this broadcast our panel of experts will discuss these important new developments and what they mean for tax return preparers in the current environment of proposed uniform federal regulation of their business by IRS.
Michael P. Dolan, Chair of the AICPA Section 7216 Regulations Task Force, KPMG LLP
- Perspective on what is the holdover effects from the first round, especially international feature
- Issues concerning the CPA community
- Ability to communicate with clients
Kenneth K. Wright, Owner, Tax Education, Inc.
- Non-regulated and EA perspective
- Issues on differentiation between those and CPA/attorneys
- Tax Preparers
- CPAs
- Tax Attorneys
This is a must attend event for anyone interested in understanding new guidance under IRC 7216.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A