Addressing Conflicts of Interest and Errors on Tax Returns Webcast | 4183492B

Date :
November 8, 2018 8:30 AM - 10:30 AM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Advanced
Member Price :
70.00
Nonmember Price :
94.00
CPE Credits :
CPE 2.00, ET 2.00, IRS-TX 2.00, CTEC-TX 2.00
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This advanced-level course dives into the rules regarding error discovery during tax return preparation. Learn about reporting requirements and advisement in these situations.

The discovery of errors in a taxpayer’s federal return during preparation or in an administrative proceeding and addressing conflicts of interest are among the most challenging issues for a tax professional. Understanding the professional standards and rules are of paramount importance in order to avoid a violation.

Objectives:

  • Recognize the various regulatory and professional requirements associated with discovery of errors and with conflict of interest issues that confront the tax practitioner.
  • Identify critical areas to be addressed in advising on discovery of an error, including required communications with the taxpayer and related engagement matters.
  • Recognize the need to document advice given when an error is discovered and the possible consequences documentation.
  • Recognize the need to monitor potential conflicts of interest and the steps necessary to determine if continued representation is feasible when an actual conflict exists.
  • Determine the required documentation when a conflict of interest exists.

Major Subjects:

  • Overview of the rules pertaining to the discovery of an error in a return either when rendering future preparation services or during representation in an administrative proceeding.
  • Discussion of the duty to ‘advise’ clients with regard to potential taxpayer penalties associated with the discovery of an error or omission.
  • Discussion of the Circular 230 requirements when a conflict of interest exists in an client engagement.
  • Circular 230 and the IRS Office of Professional Responsibility oversight and disciplinary authority.

Advanced Prep:

None.

Misc. Information:

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Level of Difficulty:
Advanced
Field of Interest:
Taxes
Prerequisites:

Tax practitioners with 2 years experience and a working knowledge of the AICPA Statements on Standards for Tax Services and IRS Circular 230.

Designed For:

CPAs, EAs and tax preparers.

Instructors

Arthur J. Dellinger, CPA

As senior tax partner at Cooper Moss Resnick Klein & Co. LLP, Kip Dellinger provides services as an expert in the areas of CPA tax practice regulatory discipline and malpractice matters; this includes his engagement by Big 4 CPA firms as an expert pertaining to conduct matters and substantive technical issues in several tax shelter malpractice cases. He also represents clients in tax controversy matters and provides services to tax counsel in civil tax matters. He has written several dozen articles and is a nationally recognized speaker in the areas of tax standards and tax procedure and technical tax matters. Dellinger is a recipient of the Saul Braverman Memorial Award of the CalCPA’s Committee on Taxation for distinguished service in tax practice. He is the recipient of the CalCPA Education Foundation’s 2013-2014 Award for Instructor Excellence, and is a recipient of a 2015 APEX Award for Publication Excellence for Feature Writing. He wrote the “Policy and Practice” column for Tax Notes magazine for several years, is the former columnist for tax practitioner conduct standards and ethics for TAXES (CCH) magazine, and is quoted multiple times in As Sure As Death (2015 edition), a leading compendium of quotations about taxes.

Dellinger serves on the AICPA Tax Division’s Tax Executive Committee and is a past chair of the AICPA Tax Division’s Tax Practice Responsibilities Committee and is the author of the Practical Guide to Federal Tax Practice Standards (CCH, 2007). He developed and teaches full-day courses on tax practice standards, conduct and quality control for California CPAs and quality control in a tax practice for the CalCPA Education Foundation. He also co-authors and teaches courses in avoiding tax malpractice and tax practice and procedure for California CPAs for the Foundation. Dellinger has spoken before the USC Law School Institute on Federal Taxation, the AICPA National Tax Conference, the UCLA Tax Controversy Institute, the Illinois Society of CPAs, the Florida Institute of CPAs, the Tennessee Society of CPAs and the California Tax Bar on multiple occasions. He is frequent speaker before other CPA and tax attorney conferences, meetings and discussion groups and has presented several national webcasts for CCH on the topics of FIN 48 for private companies, federal tax practice standards, and tax practice quality control matters and foreign income tax reporting and disclosure. Dellinger joined Cooper Moss Resnick Klein & Co. LLP in the San Fernando Valley in January 2012. He continues to maintain an office in Santa Monica.

No Agenda or Materials posted.