8 CPE Hours
Update
No Prerequisites
No Advance Preparation
Intermediate
(NASBA: TX)
Understand the ramifications of the significantly increased tax preparer penalties along with Office of Professional Responsibility proposed regulations. The discussion will include practical illustrations of the problems tax practitioners encounter on a daily basis to comply with new provisions and avoid sanctions.
Topics will include:
Preparer penalties - Definition of preparer; Penalty amounts and standards; Prior law; Waiver; Defenses; and Recent pronouncements.
Promoter penalty - Definition and amount.
Aiding and abetting penalty
Criminal penalties - Evasion; Fraudulent and false statements; Single conspiracy; and Tax-related crimes.
Circular 230 - Background; Relevant regulations; and Sanctions
This course will outline the standards you must know before signing any federal tax return.
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