Tax Ethics: Best Practices for Ensuring Compliance With Circular 230 and Other Applicable Rules
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will discuss Circular 230 concerns regarding ethical encounters facing tax professionals, including how current norms impact the profession. The panelist will examine best practices to ensure compliance and avoid penalties.
Outline
- Importance of ethics training
- What are ethics?
- What are the sources of ethical rules?
- The intersection of personal beliefs and professional rules of conduct
- Ethical reasoning process of tax practitioners
- An analytical framework for tax professionals
- Overview of Circular 230
- What constitutes practice before the IRS?
- Circular 230: Review of key provisions
- Circular 230: Open issues
- The ethical landscape
- Ethical scenarios
- Civil penalties, including IRC 6694
- Appendices
Benefits
After completing this program, participants will understand how Circular 230 addresses the more commonly encountered ethical questions tax practitioners face, including:
- What to do if you have knowledge of a client's omission of income from a tax return
- Can you rely on the work of other tax return preparers?
- What is the extent you may rely on and use client-provided information?
- What standards are associated with advising clients?
Faculty
Bryan C. Skarlatos
Partner
Kostelanetz
For more than 35 years, Mr. Skarlatos has represented corporations and individuals in sensitive matters, many of which... | Read More
For more than 35 years, Mr. Skarlatos has represented corporations and individuals in sensitive matters, many of which involve negotiation or litigation with government agencies. He has significant experience in federal and state tax audits, appeals and litigation, criminal tax investigations and white-collar criminal prosecutions. Mr. Skarlatos is an internationally recognized expert on reporting foreign assets to the IRS and has handled hundreds of voluntary disclosures, civil audits and criminal investigations involving alleged failure to report foreign assets. Mr. Skarlatos has been an adjunct professor at New York University School of Law for nearly 20 years where he teaches a class on Tax Penalties, Prosecutions and Procedures.
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