Recent IRS management comments and enforcement activity indicate rising due diligence inquiries and analyses will be expected of tax preparers concerning information supplied by taxpayers. Learn to avoid exposure to disciplinary actions.
To avoid disciplinary actions by the IRS, tax practitioners should be aware of recent developments and activity in other Circular 230 and tax practice and procedural areas.
Obtain an understanding of due diligence requirements under current law and professional standards.
Learn about the IRS push for increased practitioner due diligence in ensuring taxpayer compliance.
Obtain information about how to respond, if necessary, to increased due diligence requirements; it’s never too soon to start.
Due diligence requirements under Treasury guidance including supervisory responsibilities
Due diligence requirements under professional standards
Increased expectations for inquiry and analysis?
Meeting increased expectations: informing clients and defensive measures for practitioners
Due diligence for preparer advice responsibilities
CPAs, EAs, and other tax return preparers.
Tax practitioners with two-years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.