Tax Return Preparer Ethical Issues is an online course that examines tax preparer conduct standards. It addresses the issues of confidentiality, accuracy, conflict of interest, taxpayer omissions and return of client records. The ethical rules governing these issues are discussed, and tax preparers are presented with real-world scenarios that focus on the ethical issues that may be encountered in their professional activities. A final examination covering the course material is administered.
Recognize the permitted scope of tax return preparer responsibilities;
Identify the best practices for tax advisers in preparing or assisting in the preparation of a submission to the Internal Revenue Service;
List practitioner duties and restrictions with respect to – o Information to be furnished to the IRS, o The practice of law, o Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws, o The requirement for preparer diligence as to accuracy, o Return of client records, o The existence of conflicts of interest, and o Solicitation of business; and
List the various sanctions that may be imposed for a preparer’s failure to comply with applicable conduct rules.
Paul J. Winn, CLU, ChFC has over thirty years experience in the life insurance and investment industry. As well as fifteen years as a financial writer, editor, and trainer. Paul has worked for Mutual Life Insurance Company of New York, Security Mutual Life Insurance Company, Principal Financial Group, and the Maryland Financial Corporation. Paul is a Published book author, writer & editor of major mutual life insurance company’s agent-training “university”, and the creator of more than 100 training courses in computer-based training, print and scripted classroom formats.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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