Are You Familiar With IRS Circular 230: Rules for Practicing Before the IRS?

Circular 230 contains rules governing the recognition of attorneys, CPAs, Enrolled Agents and other persons representing taxpayers before the IRS. Circular 230 is enforced by a Director of Practice who is appointed by the Treasury Secretary.
Section 10.22 of Circular 230 explains that tax practitioners are required to exercise due diligence when preparing tax returns. Section 10.27 talks about tax preparation fees. A tax preparer is prohibited from charging unconscionable fees. Acceptable and unacceptable contingent fees are discussed in this section. Advertising restrictions for tax preparers are explained in Circular 230.

Circular 230 encourages preparers to follow the Best Practices possible. Examples are given of incompetence and disreputable conduct which could lead to being disbarred from practicing before the Internal Revenue Service.

Circular 230 is essential reading for anyone who is considering opening a tax preparation business and it can be found at:IRS Website

 


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Starting a Tax Preparation Business