To help you understand your ethical responsibilities in representing clients before the IRS and in preparing their tax returns, the IRS has published Treasury Department Circular No. 230, which:
- Sets forth rules relating to the authority to practice before the IRS,
- Identifies the duties and restrictions relating to preparing returns for taxpayers, and
- Prescribes sanctions for violating the regulations.
This course will examine many of those rules, duties, and restrictions as well as the sanctions imposed for their violation. The course will present real-world scenarios focusing on specific ethical issues you may encounter. You will be asked to analyze the scenario, identify the ethical issues presented, and determine an appropriate response.