Table of Contents

Chapter 1 - Ethical Requirements of Tax Practitioners under Circular 230 - Section 1. 8

Ethics Background. 8

Morals. 8

What is Ethics?. 8

The Relationship of Morals and Ethics. 9

Illustrative Examples of Ethics. 11

Professional Ethics. 12

Why Should We Study Professional Ethics?. 13

Professional Ethics for Tax Practitioners. 13

Chapter 1 - Section 1 Review Questions. 14

Chapter 1 - Ethical Requirements of Tax Practitioners under Circular 230 - Section 2. 15

Overview of Treasury Department Circular No. 230. 15

OPR: Frequently Asked Questions. 15

Summary of Key Sections of Circular 230. 16

Who can Practice Under Subpart A.. 16

OPR: Frequently Asked Questions. 18

Duties and Restrictions Imposed by Subpart B.. 19

Case studies. 23

Married Tax Clients Divorcing. 23

A Friends Tax Return. 24

Information from a Tax Seminar. 25

Joint Return with Understated Income. 25

Return of Client Records. 26

Fees. 26

Advertising. 26

Written Advice. 27

Chapter 1 - Section 2 Review Questions. 28

Chapter 1 - Ethical Requirements of Tax Practitioners under Circular 230 - Section 3. 29

Sanctions for Violations Imposed by Subpart C.. 29

OPR: Frequently Asked Questions. 31

Rules for the Conduct of Disciplinary Actions Under Subpart D.. 32

OPR: Frequently Asked Questions. 32

Rights and Responsibilities of Practitioners in Circular 230 Disciplinary Cases 36

What Should You Do if You Receive a Pre-Allegation Notice from the OPR.. 39

Highlights from OPRs 2016 Accomplishment Report 39

Best Practices. 41

Chapter 1 - Section 3 Review Questions. 42

Answers to Review Questions. 43

Chapter 1 - Section 1 Review Questions Feedback. 43

Chapter 1 - Section 2 Review Questions Feedback. 44

Chapter 1 - Section 3 Review Questions Feedback. 46

Glossary. 47

Index. 48

Final Examination. 50

CPASelfstudy.com Course Evaluation. 52