Highlights
• Federal and California statutory and regulatory standards governing tax preparers: Preparer penalty provisions, Circular 230 and; AICPA Statements on Standards for Tax Services
• Tax shelter and reportable transaction issues in depth
• Attorney-client, Sec. 7525 and work product privilege issues and Kovel arrangements
Objectives
• Identify federal and California rules governing the conduct of tax practitioners, including Circular 230, Statements on Standards for Tax Services and statutory requirements
• Recognize new federal preparer penalty and disclosure provisions with regard to tax positions
• Determine how to implement quality control in tax practice