Description
This seminar starts with a brief discussion of tax history and the evolution of federal income taxes through the legislative process. Upon completion of this seminar, students will be able to identify the types of tax return preparers and their representation rights before the IRS. Regulations and rules applicable to unenrolled preparers will be explained later in the text. Potential preparer penalties under IRC Sections 6694 and 6695, along with standards applicable to positions taken on client tax returns under TD 9436, will be discussed throughout the text. The concepts of “disclosure” and “use” of client tax return information and the appropriate consent forms required under IRC Section 7216 to ensure compliance is a topic also covered. The final portion will explain the concept of security. New lecture video reinforces concepts! Topic: Return Preparer Penalties – Who is Return Preparer and What Forms are Subject to Penalties IRS #EEZ75-T-00520-24-S CTEC #1071-CE-3246 NASBA #103388