You are here: Home Course materials CPE course study guides Study guide for Tax Return Preparer Ethical Issues

Study guide for Tax Return Preparer Ethical Issues

The study guide is provided to guide you through the course material in a step by step format.

Reading assignments are for "Tax Return Preparer Ethical Issues."

Chapter 1 – Registered Tax Return Preparer Responsibilities

Reading Assignment: Chapter 1 <<>> Review Questions: # 1-5

Upon completion of this chapter, you should be able to:

  • Recognize the scope of permitted registered tax return preparer responsibilities;
  • Identify the best practices for tax advisors in preparing or assisting in the preparation of a submission to the Internal Revenue Service with respect to:
    • Client communication,
    • Establishing relevant facts,
    • Providing client advice, and
    • Practice before the IRS;
  • Recognize the standards related to tax return and document preparation; and
  • Identify the applicable standards for advising clients concerning potential penalties.

Chapter 2 – Practitioner Duties and Restrictions

Reading Assignment: Chapter 2 <<>> Review Questions: # 1-5

Upon completion of this chapter, you should be able to recognize practitioner duties and restrictions with respect to:

  • Information to be furnished to the IRS,
  • The practice of law,
  • Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws,
  • The requirement for preparer diligence as to accuracy,
  • Return of client records,
  • The existence of conflicts of interest, and
  • Solicitation of business.

Chapter 3 – Sanctions for Regulation Violations

Reading Assignment: Chapter 3  <<>> Review Questions: #1-5

Upon completion of this chapter, you should be able to:

  • Define the terms “censure,” “ suspension” and “disbarment” as they apply to registered tax return preparers;
  • Identify the various sanctions that may be imposed for a preparer’s failure to comply with applicable conduct rules;
  • Recognize how appropriate monetary sanctions are determined; and
  • List the types of conduct considered incompetent and disreputable.

Become a smarter, richer accountant

in just 10 minutes when you read

The Thrifty Accountant Newsletter

When we run across something that will help you save money--or make your work easier, we put it in our monthly newsletter.

Sign up now, it's FREE!

Privacy Policy: We will never share your email address. Period. You are free to cancel at any time.