Circular 230 Ethics Rules

Circular 230 Ethics Rules

It’s complicated, but it’s important. Now, more than ever, paid tax return preparers need to understand and educate themselves so they can avoid sanctions for giving false or misleading information to the IRS or for asserting frivolous positions that do not meet realistic possibility standards. Preparers need to recognize what is considered disreputable conduct resulting from improperly preparing returns, and learn to identify tax fraud schemes.…

Read more about Circular 230 Ethics Rules

IRS Reminds Preparers of Continuing Education Requirements

IRS Reminds Preparers of Continuing Education Requirements

Tax preparers who are required to pass the new Registered Tax Return Preparer competency exam must complete 15 hours of continuing education this year, and those hours must come from IRS-approved providers. This new continuing education requirement is part of the IRS’s efforts to eliminate problems it has experienced with unqualified preparers.…

Read more about IRS Reminds Preparers of Continuing Education Requirements