Test products

Tax Ethics 2015 Update

Interpreting the tax law for the benefit of a taxpayer is a challenging task. Ethical dilemmas will continually arise, and practitioners must weigh the consequences of their moral choices to determine if their decisions are proper. Although there is always the risk that the client will not want to receive the interpretation or the advice that the practitioner provides, the tax professional must do the “right” thing.

Major topics include:

• IRS Office of Professional Responsibility
• Persons able to practice before the IRS
• Definitions of practice
• Furnishing information to the IRS
• Knowledge of a client’s omission
• Diligence to accuracy
• Reliance on other persons
• Unconscionable fees
• Client records in fee payment disputes
• Conflicting interests