IRS Circular 230 – Avoiding Ethical Violations

Circular 230 controls who we can represent before the IRS, and what that representation looks like. For starters, counsel must be “competent.” We explain exactly what that means and what it does not mean, and how to become “competent.” Circular 230 contains a mandate to avoid conflicts of interest.

We define that phrase, show clear common examples of when a conflict arises, and what to do when it does. We also explain the concept of “joint representation” and the circumstances under which it may and may not be undertaken. Finally, attendees will understand what constitutes a “reasonable fee” under Circular 230, how such a fee is determined, and the circumstances under which a contingent fee can be charged. 

Participants will understand: 

• Understanding what constitutes a “conflict of interest.” 
  
• How to avoid conflicts
• 7 common examples of where a conflict of interest arises
• When is “joint representation” allowed 
• How to proceed with a “joint representation” arrangement
• What is the duty to charge a “reasonable fee?”
• When are contingent fees allowed? 
• Understanding the duty to be “competent” to represent clients

Credits and Other information:

• Session Duration: 2 Hours
• Case Studies and Live Q&A session with speaker
  
• PowerPoint presentation for reference
• Session learning level: Introductory
  
• Delivery method: Group Internet Based
• IRS Credits: 2 Tax Hours
• IRS Course ID: PJGWS

Who Will Benefit:

• CPA
  
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
  
• Financial planners