The New Tax Return Preparer Rules (Circular 230)
Overview:
Recently, the IRS issued its final guidance for Circular 230 – The New Tax Preparer Rules. This sweeping legislation, which covers almost all written tax advice, will significantly change the manner in which tax professionals prepare their client’s returns. Failure to understand and comply with the new regulations may result in significant financial penalties or even the suspension of practice. The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help you understand Circular 230 and its impact on your practice. The speakers will present their expert opinions in a two-hour LIVE Webinar.
Agenda:
SEGMENT 1: A. Trevor Ackerman, Tax Senior Manager, KPMG Summary of key changes to Circular 230. – Broadened definition of “practitioners” eligible to practice before the IRS – Broadened definition of “practice before the IRS” – Tax returns and other documents – Tightened conflicts of interest rules – Contingent Fees OPR and Enforcement – Hypothetical potential violation How other areas of the tax law and professional standards may affect a practitioner’s responsibilities under the final amendments. SEGMENT 1: Robert S. Walton, Partner, Baker & McKenzie LLP - What have the covered opinion rules done to the practice of tax law? - How have the changes in Circular 230 affected the taxpayers receiving tax advice? - What should a taxpayer expect from the advisor after the revised Circular 230 and Section 6694? SEGMENT 1: Joel N. Crouch, J.D., Partner, Meadows, Collier, Reed, Cousins & Blau, L.L.P. - The new definition of return preparer under Section 77701 and how it will impact Circular 230. - The new 6694 coverage and how will impact and be impacted by Circular 230. - In general, the relationship between Section 6694 and Circular 230.
Who Should Attend:
Tax lawyers Tax practitioners Risk managers Business lawyers Estate planners Other lawyers who occasionally advise clients on tax matters Practitioners who have tax planning responsibility
Trevor Ackerman is a Senior Manager in KPMG’s Tax Controversy Services (“TCS”) practice in Philadelphia, Pennsylvania. Trevor has extensive experience …
In tax controversy, Mr. Walton works with clients at all stages of tax controversies from the audit level to IRS …
Joel is a partner in the law firm of Meadows, Collier, Reed, Cousins & Blau, L.L.P. in Dallas, Texas. His …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
83792
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
About KPMG
Website: https://www.kpmg.com/
About Baker & McKenzie LLP
Website: https://www.bakernet.com/
About Meadows, Collier, Reed, Cousins & Blau, L.L.P.
Website: https://meadowscollier.com/