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You are here: Home Course materials CPE course study guides PWX90: Study guide for Tax Return Preparer Ethical Issues

PWX90: 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.

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