| CPE Hours: 2 (
Federal:2
) |
Publication Date: 01/9/2008 |
Cost: $25.00
|
Level: Intermediate |
Author:
Claudia Hill |
|
Prerequisites: Overview of Federal Income Taxation or comparable knowledge. No advance preparation needed.
Delivery Method: Self-Study
This course examines ethical issues of critical interest to tax practitioners. It examines conflicts of interest, how to mitigate conflicts, identifying conflicts of interest, avoiding conflicts during representation, permissible disclosures, and draft disclosure and consent forms.
Final Exam Grading Policy: Course material must be completed within 12 months of purchase. A score of 70% or better is needed for passing. The completion certificate will be automatically generated by the system.
This text is divided as follows:
Introduction and Background 2
Section 10.29 Conflicting Interests 2
What is a conflict of interest? 3
Conflicts of interest interfere with professional responsibilities 4
While the conflict can be mitigated, it still exists 5
How do you determine if you are in a conflict of interest
whether actual, apparent, or potential? 5
Scenario & Discussion
Return Preparation - Divorce/EITC Client 7
Responding to IRS Correspondence 8
Avoiding Conflicts of Interest while Representing Clients before IRS 9
Disclosures of Conflicting Interests 11
Proposed Mandatory taxpayer consent language 13
IRC Sec. 7216 Privacy Restrictions on Disclosure 13
Permissible Disclosures 14
Disclosures Consented to by Taxpayer 15
Conclusion 16
Exhibits - Draft Disclosures 16
For those contemplating divorce, separated, previously married 17
General Consent to Release Tax Return Information 19
Letter to Third Party Requesting Client Information 20
Cover Letter to Third Party Providing Client Information 21
Tax preparation engagement for late filed returns 22
Conflict of interest; acknowledgement of rendering services 23
By completing this course the student will learn of ethical issues that are of critical interest to tax practitioners. The student will examine learn to identify conflicts of interest, how to mitigate conflicts, avoid conflicts during representation, and how to draft disclosure and consent forms.
IRS - Enrolled Agents
