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20SS-0134: Surgent's Ethics of Tax Return Preparation (Self-Study)

Date Valid for one year from purchase date
Format Downloadable PDF
CPE credits CPE 2.0
Field(s)
of study
Regulatory Ethics - Technical (2.0)
Specialty
credits
2.0 Ethics
2.0 IRS CE approved
Fees
Standard Member Fee $39.00
Standard Nonmember Fee $39.00

Description

This two-hour course covers sanctions and limitations on both clients and practitioners arising out of the preparation of an income tax return.

Who should take this program?

CPAs desiring to satisfy the general professional ethics requirement in all states except those that require a state-specific ethics course (AK, AZ, DE, FL, ID, LA, MS, NJ, NY, OH, SC, TN, TX, UT, VA, WA, WY)

Major subjects

  • What is the impact of the Emergency Economic Stabilization Act of 2008?
  • Who is a tax return preparer?
  • What is the difference between more-likely-than-not, substantial authority, realistic possibility, reasonable basis and a non-frivolous position?
  • What Internal Revenue Code penalty provisions associated with positions taken on an income tax return apply to taxpayers?
  • What Internal Revenue Code penalty provisions associated with positions taken on an income tax return apply to tax return preparers?
  • What ethical considerations come into play under Circular 230 in connection with the conduct of a tax practitioner in connection with positions taken on an income tax return?

Learning objective(s)

  • Identify who is a tax-return preparer and distinguish between a signing preparer and a non-signing return preparer
  • Describe the accuracy penalty applicable to taxpayers and the substantial-authority standard generally applicable, as well as the more-likely-than-not standard applicable to tax shelters
  • Quantify the tax-return-preparer penalty for an unreasonable tax position
  • Comply with the adequate disclosure of tax positions when required
  • State the sanctions the Service can apply for unethical conduct of a practitioner in connection with tax-return preparation

Notes:

Course code Code 20SS-0134
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Downloadable PDF
Prerequisites Prereq. None
Advance
prep
None
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