Surgent's Ethics of Tax Return Preparation (ETX2)

Course Details

Date

Self-Study

Location

Online

Field of Study

Ethics

CPE Credit

2 hours CPE credit

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

None

Description

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

Highlights

  • 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?

Objectives

  • 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

Designed For

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)

Course Pricing

WYOCPA Member Fee
$39.00

Non-Member Fee
$51.00

Your Price
$51.00

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