Cir230 SSTS - U.S Treasurys Circular 230 AICPAs AICPA...

Info icon This preview shows pages 1–12. Sign up to view the full content.

View Full Document Right Arrow Icon
1 U.S. Treasury’s Circular 230 AICPA’s AICPA SSTSs (Statements on Standards for Tax Services) RonBlair, CPA, MBA
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
RonBlair, CPA, MBA 2 Morality and Ethics “The tax practitioner must be ready to work with clients holding various systems of morality and to accept the consequences of the moral choices made, including the possibility of losing a client, paying fines and penalties to the IRS, or even going to jail.” Raabe, Whittenburg Sanders, West’s Federal Tax Research, 9 th , South- Western Cengage Learning (2012), 30.
Image of page 2
RonBlair, CPA, MBA 3 Morality and Ethics (cont’d) “The best chance you have of making a big success in this world is to decide from square one that you’re going to do it ethically.” Alan Greenspan , upon receiving the Enron Award for Distinguished Public Service, awarded by the James A. Baker Institute of Public Affairs, and turning down the $15,000 sculpture accompanying the prize, and declining the $10,000 honorarium Mark Hosenball Hosenball and Rich Thomas, “The Enron Effect,” NEWSWEEK, January 28, 2002, 34.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
RonBlair, CPA, MBA CPA – Authorization Confirmation Sperry v. Florida , 373 U.S. 379, 83 S.Ct.1322 (1963) – Federal statute that admits non-attorneys to practice before Federal agencies takes precedence over state regulation (previously objected on grounds as infringing on practice of law , limited to licensed attorneys) 1965 – Public Law 89-332 – Allows CPAs to practice before IRS 1981 – AICPA/ABA held conference to address definitional issues – reaffirming that clients (taxpayers) are best served when attorneys and CPAs work together in tax practice. 4
Image of page 4
RonBlair, CPA, MBA 5 Compare §10.32. Practice of law. Nothing in the regulations in this part may be construed as authorizing persons not members of the bar to practice law.
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
RonBlair, CPA, MBA 6 Circular 230 Title 31, Code of Federal Regulations, Subtitle A, Part 10
Image of page 6
RonBlair, CPA, MBA 7 Circular 230 Issued by U S Treasury (31 C.F.R. Part 10) Rules of practice before the IRS Administered by the Director of Practice Binding on all in practice before the IRS (Does not include “return preparers ”)
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
RonBlair, CPA, MBA 8 Circular 230 Establishes: §10.3 Who may practice (distinguish compliance / return prep ) before the IRS (a) Attorneys (b) CPA’s (c) Enrolled Agents (d) Enrolled Actuaries ••••••••••••••••• §10.7 Limited practice by others
Image of page 8
RonBlair, CPA, MBA 9 Circular 230 (cont’d) : §10.4 Eligibility for enrollment [enrolled agents – (EA’s)] (a) by examination (b) former IRS employees
Image of page 9

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
RonBlair, CPA, MBA 10 Circular 230 (cont’d) : §10.7 Limited practice by others (a) Representing oneself. Individuals may appear on their own behalf before the Internal Revenue Service …… . ●●●●●●●● (c) Limited practice – (1)(i) An individual may represent a member of his/her immediate family (ii) A regular full time employee of an individual employer may represent the employer
Image of page 10
RonBlair, CPA, MBA 11 §10.7 Limited practice by others (cont’d) (iii) A general partner or a regular full-time employee
Image of page 11

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 12
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern