Providing Tax Advice: Professional Standards 2024
2.00 Credits
Member Price $89
Non-Member Price $119
Overview
Tax professionals advise clients in many ways, from direct written and oral advice to “taking a position” while preparing a return. This course is an overview of professional standards when giving tax advice. Statutes, regulations, and conduct requirements under Federal tax law regulate the provision of advice. For CPAs, standards of conduct are issued by the AICPA and adopted by the Boards of Accountancy of every state. Companion course: Understanding CPA Communication Privileges in Tax Practice 2024
Highlights
- Overview of the various types of advice tax professionals provide clients
- The preparer penalties
- The duty to advise clients with regard to potential taxpayer penalties
- The primary AICPA rules with regard to advising and communicating tax advice
- Circular 230 and the IRS Office of Professional Responsibility oversight and disciplinary authority
Prerequisites
Tax practitioners with two years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.
Designed For
CPAs, EAs and tax preparers.
Objectives
- Recognize the various regulatory and professional requirements for providing clients with tax advice
- Identify critical areas in providing tax advice to clients
- Determine communication to clients for tax positions taken on their behalf, including any required return disclosures
Preparation
None
Leader(s):
Leader Bios
Arthur Dellinger, CalCPA Education Foundation
Arthur J. (Kip) Dellinger, Jr., CPA, provides services as an expert in the areas of CPA tax practice regulatory discipline and malpractice matters. This includes his engagement by Big 4 CPA firms as an expert pertaining to conduct matters and substantive technical issues in several tax shelter malpractice cases. Mr. Dellinger also represents clients in tax controversy matters and provides services to tax counsel in criminal and civil tax proceedings. He has written over three-dozen articles and is a nationally recognized speaker in the areas of tax standards, tax procedure and substantive estate tax matters. He is also a Policy Perspectives columnist for Tax Notes magazine. Mr. Dellinger is a past-Chair of the AICPA Tax Division’s Tax Practice Responsibilities Committee and is the author of the Practical Guide to Federal Tax Practice Standards (CCH, 2007). He developed and teaches full day courses on Tax Practice Standards, Conduct and Quality Control for California CPAs, FIN 48: Uncertain Tax Positions and Quality Control in a Tax Practice for the Education Foundation of the California Society of CPAs. Mr. Dellinger has spoken before the U.S.C. Law School Institute on Federal Taxation, the AICPA National Tax Conference, the UCLA Tax Controversy Institute, the Illinois Society of CPAs, the Florida Institute of CPAs, the Tennessee Society of CPAs and the California Tax Bar. He is also frequent speaker before other CPA and tax attorney conferences, meetings and discussion groups.
Non-Member Price $119
Member Price $89