Tax Practice Standards

Author: Allison McLeod

Join Allison McLeod, CPA, LL.M for a comprehensive discussion on standards that professionals must adhere to as tax practitioners. We will be covering the major governing rules, such as Treasury Circular 230, the AICPA Statements on Standards for Tax Services (SSTS), the Internal Revenue Code (IRC) and common law. Also included will be case studies illustrating dilemmas faced by tax practitioners.

Publication Date: August 2021

Designed For
CPAs, EAs, or other tax professionals.

Topics Covered

• Practice Standards Under the AICPA Code of Professional Conduct and Treasury Circular 230
• Integrity, Objectivity & Judgment
• Acts Discreditable
• Due Care
• Responsibility to the Public
• AICPA Statement on Standards for Tax Services ("SSTS")
• Internal Revenue Code
• Common Law

Learning Objectives

• Identify the expectations for tax practitioners in serving clients, including the duty of confidentiality, competency and proper administration of the tax law
• Recognize the practitioner's obligations to disclose certain client information when representing them against the IRS
• Describe the sources that govern tax practice, such as Treasury Circular 230, the SSTS, the IRC and common law
• Identify the common law standards of reasonable behavior and when a tax practitioner may be subject to negligence or other types of common law causes of action
• Recognize another identifier for the AICPA Code of Professional Conduct
• Describe which key Circular 230 provision relates to fees

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
None

Advance Preparation
None