Real World Business Ethics for Tax Practitioners How Will You React ?

Requirements for CPE in ethics vary from state to state. Please contact your state board to confirm your requirements.

This course provides case studies drawn from "real-life" situations involving CPAs in tax practice. It is focused on the most significant ethical issues that face tax practitioners in today’s challenging environment and explores alternative courses of action. From tax shelters to preparing small business tax returns, you will explore ethical issues in the context of tax services and taking positions on tax issues that range from “probable” to "more likely than not" to a "realistic possibility." Gain insights from placing yourself in situations that require application and understanding of relevant ethical considerations and standards established by the Service, AICPA, Circular 230 and the Code. You will consider real-world tax questions that deal with independence, knowledge of errors in returns, advice to taxpayers, fees charged in shelter and other transactions and standards applicable to uncertain tax positions, among others. You will leave this course with a renewed sense of appreciation for the pitfalls faced by every tax practitioner and a heightened sensitivity for the types of ethical dilemmas you could face in the future.

Objectives: 

• Understand what ethical standards and considerations are critical to tax professionals
• Recognize the presence of ethical issues
• Apply ethical standards and considerations to "real-life" tax-related situations

Prerequisite:  Experience in tax reporting