Highlights
• Due diligence requirements under Treasury guidance, including supervisory responsibilities
• Due diligence requirements under professional standards
• Increased expectations for inquiry and analysis?
• Meeting increased expectations: informing clients and defensive measures for practitioners
• Due diligence for preparer advice responsibilities
Objectives
• Obtain an understanding of due diligence requirements under current law and professional standards
• Learn about the IRS push for increased practitioner due diligence in ensuring taxpayer compliance
• Obtain information about how to respond, if necessary, to increased due diligence requirements; it's never too soon to start
