Ethics and Quality Control in Tax Practice [EQCT4Anc]
Time: 8-11:30
Subject:
Ethics in Tax PracticeCredit Hours:
4.00Price:
Member: $150.00
Non-member: $225.00
Discussion Leader:
Edward K. Zollars, CPA
more info
Edward K. Zollars, CPA is in public practice in Phoenix, Arizona as a partner with the firm of Thomas & Zollars & Lynch, Ltd. He has been in practice for over twenty five years, specializing in tax issues for closely held businesses and individuals.
Ed has been professionally involved with both tax and technology issues, combing the two disciplines in starting the first tax podcast (Ed Zollars Tax Update, produced weekly dealing with current tax issues. He has been a member of AICPA Tax Division Committees dealing with tax and technology issues, and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop’s Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs.Ed was selected as a Life Member by the Arizona Society of CPAs in May of 2010.
Ed is a co-author of the Arizona Income Tax Guide published by the Phoenix Tax Workshop, and has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid 1990s.
He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state society of CPAs.
closeWebsite registration for this course closes on October 29, 2015. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Ethics and Quality Control in Tax Practice (Regulatory Ethics/Ethics in Tax Practice)October 30, 2015 Morning Session
Sheraton Anchorage Yukon Meeting Room on the 2nd Floor
401 East 6th Avenue
Anchorage, AK 99501
LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.
Circular 230 and IRC Sections 6694 and 7216 threaten horrific penalties on careless tax practitioners. The Office of Professional Responsibility is suspending practitioners who fail to apply "due diligence" to their preparation of tax returns. Together with revised AICPA Statements on Standards for Tax Services, these new rules change the way CPAs approach the tax business. Monetary penalties may be imposed for carelessness in applying the law to your clients tax affairs. This program helps you meet the best practices standard, other ethical standards, and regulatory requirements. It will also include discussion of privileged communication and various penalties that apply to tax practitioners.
Major Topics:
Preparer Penalties
Penalties for failing to secure client permission to disclose or use information
Office of Professional Responsibility administrative authority
Circular 230 rules for CPAs who prepare returns or provide tax opinions
Your state law governing the practice of accounting
Your state Board of Accountancy rules
AICPA Statements on Standards for Tax Services
Quality control documents and why you must have one
Professional Liability in Tax Practice
Current practice and ethics issues
Learning Objectives:
Comply with IRC Sections 6694 and 7216
Apply Treasury Circular 230 rules to your practice or your duties as an employee
Follow rules that govern the practice of public accounting in your state
Implement AICPA Statements on Standards for Tax Services 1 through 7 and Interpretations 1-1 and 1-2
Avoid unnecessary exposure to penalties and malpractice claims in your tax practice
Designed For: CPAs in public practice or tax departments of large companies
CPE Credits: 4
Level of Knowledge: Intermediate
Prerequisite:
Acronym: EQCT
Discussion Leader: Edward K. Zollars, CPA
