The National Association of Tax Professionals

The National Association of Tax Professionals

CYA - Tax Office Compliance

  • Topic(s): Practice Management
  • Presenter(s): Melinda Garvin EA, RTRP
  • Session#: 935-20
  • Session Length: 50 minutes
  • Program: NATP National Conference 2015
  • Date: Jul 20, 2015
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CYA - Tax Office Compliance - Details:

A successful office has procedures that establish and validate tax knowledge, are compliant with Circular 230 and safeguard the taxpayer. All the tax knowledge in the world is not enough for a successful Circular 230 compliant tax office. It's not enough to just know how to competently prepare tax returns. You must create a contemporaneous documentation system that will protect you from IRS preparer penalties. Paid tax return preparers are held to a higher standard-it is very clear these standards are changing and we need to keep up. Audits of offices often result in $10,000 plus penalties. So we have a choice to make: continue doing business as usual or make the necessary changes. In this session you will learn exactly what the IRS expects you to have in place to meet their categories of 'Best Practices', 'Standards of Practice', ‘Professional Responsibility' and 'Professional Conduct'. Come find out if your office passes or fails the ‘tax office compliance test.

Upon completion of the session, you will be able to:
  1. Summarize what the IRS expects from 'Best Practices' and such phrases used in Circular 230.
  2. Identify the areas in your tax office that are or are not Circular 230 compliant.
  3. Identify changes that need to be made to your tax office in order to comply with Circular 230.
  4. Develop a contemporaneous documentation system that will protect you from the IRS preparer penalties.