Recently, the IRS issued its final guidance for Circular 230 - The New Tax Preparer Rules. This sweeping legislation, which covers almost all written tax advice, will significantly change the manner in which tax professionals prepare their client’s returns. Failure to understand and comply with the new regulations may result in significant financial penalties or even the suspension of practice.
The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help you understand Circular 230 and its impact on your practice. The speakers will present their expert opinions in a two-hour LIVE Webinar.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect
to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code: 083792
A. Trevor Ackerman
Tax Senior Manager
Joel N. Crouch, J.D.
Partner
Robert S. Walton
Partner
A. Trevor Ackerman, Tax Senior Manager, KPMG
Summary of key changes to Circular 230.
- Broadened definition of "practitioners" eligible to practice before the IRS
- Broadened definition of "practice before the IRS"
- Tax returns and other documents
- Tightened conflicts of interest rules
- Contingent Fees
OPR and Enforcement
- Hypothetical potential violation
How other areas of the tax law and professional standards may affect a practitioner's responsibilities under the final amendments.
Robert S. Walton, Partner, Baker & McKenzie LLP
- What have the covered opinion rules done to the practice of tax law?
- How have the changes in Circular 230 affected the taxpayers receiving tax advice?
- What should a taxpayer expect from the advisor after the revised Circular 230 and Section 6694?
Joel N. Crouch, J.D., Partner, Meadows, Collier, Reed, Cousins & Blau, L.L.P.
- The new definition of return preparer under Section 77701 and how it will impact Circular 230.
- The new 6694 coverage and how will impact and be impacted by Circular 230.
- In general, the relationship between Section 6694 and Circular 230.
Tax lawyers
Tax practitioners
Risk managers
Business lawyers
Estate planners
Other lawyers who occasionally advise clients on tax matters
Practitioners who have tax planning responsibility
This is a must attend event for anyone to grasp the up-to the-minute updates on Circular 230.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A