This course focuses on how Circular 230 applies to higher-risk tax work, including written advice, reliance on others, practitioner competence, and firm-level compliance responsibilities. Participants will examine enforcement trends, proposed regulatory updates, and real-world compliance failures that led to sanctions. Emphasis is placed on reducing professional risk, meeting Office of Professional Responsibility expectations, and implementing procedures that support ethical and compliant tax practice.
Learning Objectives
Upon completion, participants will be able to:
· Apply Circular 230 standards to written tax advice and advisory services
· Evaluate reliance on third parties under due diligence rules
· Identify conduct that may trigger IRS OPR investigations
· Understand restrictions and proposed changes related to contingent fees
· Implement compliance procedures that support ethical tax practice
This course qualifies for 2 hours of IRS CE credit under the category of Federal Tax Law Related Matters.
About the presenter:
Roman Basi is the current President of The Center for Financial, Legal & Tax Planning, Inc. Roman is an Attorney, a CPA, Managing Real Estate Broker, Title Insurance Agent and an instrument rated private pilot. Roman is also one of the Tax Course Instructors for the Internal Revenue Service’s Annual Filing Season Program for Tax Return Preparers throughout the United States. Roman is admitted to practice in Illinois, Florida, Arizona, Missouri, Federal District Court of Illinois Southern District, the United State Court of Appeals for the 7th Circuit, and Roman is also admitted to practice in the United States Supreme Court being sworn into the highest court in the summer of 2015 in front of all nine Supreme Court justices.
