Sunday, November 28, 2010
New Ethical Requirements Redraw Bright Line Test for Legal, Tax and Accounting Practitioners, says BNA Expert
Circular 230 imposes disclosure standards on the banking, legal, and accounting communities, and has recently been revised, imposing new duties and responsibilities upon practitioners representing taxpayers before the IRS. The new standards are the subject of a December 1st webinar from BNA Tax & Accounting, Avoiding Ethical Violations, led by Robert McKenzie, one of the nation's foremost experts on professional ethics.
"We all try to do the right thing, but many practitioners have busy practices and those pressures may cause them to inadvertently face an ethical problem," says BNA Tax & Accounting Managing Editor and senior tax analyst, Allen Calhoun. "Anyone who practices before the IRS must comply with these requirements in order to avoid violating their ethical duties. It is critical and a professional and ethical requirement that practitioners know the new bright line imposed by these standards."
See full Article.