Are you confident that your tax practice meets the highest ethical standards? In today’s complex regulatory landscape, representing taxpayers before the IRS demands more than just technical expertise—it requires unwavering adherence to ethical principles.
This session by tax attorney Adam S Fayne will discuss the ethical considerations we must consider when representing taxpayers before the Internal Revenue Service. Adam will discuss how to handle conflicts of interest, how to navigate an audit if you suspect your client is less than truthful, obligations of due diligence when preparing your client’s tax return, what to do if you discover your client misrepresented something to you when preparing his or her tax return, or representing the client in an audit or collection proceedings, and many more “sticky” situations.
Webinar Objectives
- Key Ethical Obligations: Understand the core requirements under Circular 230 and related regulations.
- Managing Conflicts of Interest: Learn strategies for identifying and mitigating potential conflicts that can jeopardize client representation.
- Due Diligence Best Practices: Explore practical steps to ensure accurate and honest tax return preparation.
- Handling Misrepresentations: Gain insights on what to do if you discover discrepancies after filing.
- Real-World Case Studies: Review actual scenarios that highlight common pitfalls and effective resolutions.
Webinar Highlights
- Circular 230 Ethical Considerations
- How to handle a dishonest client during an audit
- How to handle a dishonest client during a collection proceeding
- Your duty of due diligence when preparing tax returns
- What to do if you learn your client lied to you and you have already prepared and filed his or her tax return
- IRS Enforcement of ethical violations
Who Should Attend
- Accountants
- Tax Preparers
- CFOs
- Lawyers
- Financial Compliance Professionals
