Circular 230 - ANSWERSRegulations governing the practice of attorneys, CPAs, enrolled agents, enrolled actuaries, and appraisers before the IRS.
Disclosure - ANSWERSThe release of tax information by an IRS employee.
Due Diligence - ANSWERSRequirements that Tax Professionals must follow when p...
Circular 230 - ANSWERSRegulations governing the practice of attorneys, CPAs, enrolled agents, enrolled
actuaries, and appraisers before the IRS.
Disclosure - ANSWERSThe release of tax information by an IRS employee.
Due Diligence - ANSWERSRequirements that Tax Professionals must follow when preparing income tax
returns.
• Accurate and Complete
• Thorough Interview
• Reasonability Check
• TPS Notes
Noncompliance - ANSWERSFailure or refusal to comply with the tax Code.
Privilege - ANSWERSProtection from being required to disclose confidential communications between
two parties, such as attorney and client.
Conflict of Interest - ANSWERSA situation where one client will be adversely affected by representation
of another client.
Disreputable Conduct - ANSWERSA tax professional authorized to represent taxpayers may be disbarred
or suspended from practice.
Conflict of Interest Exception Rules - ANSWERSWhen a conflict exists, a tax professional may still
represent the clients under the following circumstances:
• The Tax Professional reasonably believes they can provide competent and diligent representation to
each affected client;
• The representation is not prohibited by law;
• Each affected client gives informed consent, confirmed in writing, stating that they waive the conflict.
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