S34-Ethics, Morals, Smoke & Mirrors

Friday, June 28 | 3:30 pm - 5:10 pm
Track: Ethics
CE Categories:
     2 hours Ethics (EA, ERPA, CRTP, OTRP)
     2 hours Behavioral Ethics (CPA)
     1.75 hours Ethics (Attorney – CA Bar MCLE)
     2 hours (CSEA/NAEA)
    CFPs: 0 hours - this session is NOT a CFP Board approved Ethics program 
SpeakerMark F. Seid, EA, CPA, USTCP

Description: We will differentiate professional ethics from morals and demonstrate a little governmental smoke and mirrors. In this session we will review the substantive changes made by the most recent regulations updating Circular 230. You will learn the new standards for written advice and the elements included in determining what is "reasonable" and "unreasonable" for purposes of reliance on advice of others. Topics covered will include competency (section 10.35), procedures to ensure compliance (section 10.36), new definitions of negotiating checks (section 10.31), and expedited suspensions (section 10.82). The session will conclude with a review of some of the standards that remain unchanged and applying common sense and professional decorum in dealing with the IRS.

Learning Objectives
1. Understand the Circular 230 changes in new regulations             
2. Learn the important new standards for written advice
3. Define professional ethics
4. Review existing ethical standards embodied in the Internal Revenue Code               
5. Analyze the latest version of the Taxpayer Bill of Rights

Learning Level: All learning levels

Prerequisites: None

Advanced Preparation: None