State and Federal Ethics Considerations 25-26

Overview

Discover recent developments in tax return preparation and representation. Learn the rules of professional conduct set forth by the IRS, AICPA and state tax agencies. Review rules and regulations that govern tax practice for both federal and state purposes. Examine the rules of practice before the IRS (Treasury Dept. Circular 230). Explore current developments related to tax practice. Consider how ethical principles, such as conflicts of interest, apply to partnerships and other flow-through entities. Determine how various states regulate tax practice, including a discussion on malpractice. Tackle real-world scenarios affecting your practice. Understand how the accountant-client privilege applies in your practice.

Highlights

• Statutory developments
• Key cases that impact your client
• Administrative and procedural developments
• Federal and state standards of tax practice
• Return preparer registration (state and federal)
• State and federal penalties that apply to tax practice
• Conflicts of interest related to flow-through entities
• Ethics issues related to operating a virtual tax practice
• Application of taxpayer privileges in tax practice
• Understand Due Diligence.

Prerequisites

Knowledge of California Taxation

Designed For

Attorneys, CPAs, EAs and tax return preparers.

Objectives

• Identify the various federal and state rules that govern tax return preparation and representation
• Determine rules governing return preparer registration at both state and federal levels
• Recognize the expanded tax reporting rules at both the federal and state levels
• Identify which documents must be presented to the state tax authorities
• Determine state privileges (attorney/client privilege, tax preparer/client privilege and work product doctrine)
• Identify recent developments regarding confidentiality and conflicts of interest
• Discussion of the due diligence requirements imposed on practitioners

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CalCPA (calcpa@calcpa.org). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.