Due Diligence Requirements: Circular 230 and Other Professional Standards 2024

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  • Date/Time
    • Feb 24, 2025
    • Sign In: 10:30am (MT)
    • Program: 11:00am - 1:00pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 2.00
  • Credit Type(s)
    • Taxes (Technical) (2.00)
  • Prerequisites
    • Tax practitioners with two years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.

  • Vendor
    • California CPA Education Foundation
  • Level
    • Advanced
  • Fields of Study
    • Taxes

Description

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. Tax practitioners should be aware of recent developments and activity in other Circular 230 and tax practice and procedural areas to avoid disciplinary actions by the IRS. Companion course: Addressing Conflicts of Interest and Errors on Tax Returns 2024

  • Presenters - Arthur John Dellinger Jr.
  • Designed For

    Designed For: CPAs, EAs, and other tax return preparers.
  • Role Level - Manager/Senior Manager; Director; Executive/VP; Sole Practitioner
  • Objectives

    • 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

    Highlights

    • 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

    Advanced Prep

    None

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    Leaders

    CALCPE Panel

    No Biography Available

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