Tax Practice Ethical and Legal Standards

This two CPE hour tax ethics course has three objectives. First, is to cover the controlling professional tax practice standards of the AICPA and IRS. Second, is to spend some time exploring problematic tax situations where the CPA has a relatively high professional liability exposure. Third, we suggest protective tax engagement letters to clarify any future problematic liability issues, In the class we spend some time on problematic tax situations and what protective wording in an engagement letter may be helpful.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

* Cover the controlling professional tax practice standards of the AICPA and IRS

* Spend some time exploring problematic tax situations where the CPA has a relatively high professional liability exposure

* Explore some protective tax engagement letters to clarify any future problematic liability issues

*Focus on all three aspects of a CPA’s tax practice

*First, client advance transaction planning; second, preparation of the actual tax return to be filed with the government; and third, representing the client during a subsequent audit by a revenue agent

*The CPA’s roles here and ethical position may change as well as the degree of responsibility and potential damages from both the client and taxing authorities