Due Diligence Requirements: Circular 230 and Other Professional Standards 2024
2.00 Credits
Member Price $89
Non-Member Price $119
Overview
Recent IRS management comments and enforcement activity indicate rising due diligence inquiries and analyses will be expected of tax preparers concerning information supplied by taxpayers. Learn to avoid exposure to disciplinary actions. Tax practitioners should be aware of recent developments and activity in other Circular 230 and tax practice and procedural areas to avoid disciplinary actions by the IRS. Companion course: Addressing Conflicts of Interest and Errors on Tax Returns 2024
Highlights
- Due diligence requirements under Treasury guidance, including supervisory responsibilities
- Due diligence requirements under professional standards
- Increased expectations for inquiry and analysis?
- Meeting increased expectations: informing clients and defensive measures for practitioners
- Due diligence for preparer advice responsibilities
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 other tax return preparers.
Objectives
- Obtain an understanding of due diligence requirements under current law and professional standards
- Learn about the IRS push for increased practitioner due diligence in ensuring taxpayer compliance
- Obtain information about how to respond, if necessary, to increased due diligence requirements; it's never too soon to start
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