Circular 230

Since the Tax Reform Act of 1976, Code Sec. 6694 has imposed penalties on those who prepare income tax returns for compensation, whether or not they are lawyers or CPAs. Code Sec. 10.34 of Circular 230, which is not limited to income tax…

Circular 230 sets forth ethical rules that lawyers and CPAs who practice before the IRS must follow. Violations of Circular 230 may result in severe disciplinary action, including disbarment from practice before the IRS and monetary…

The Small Business and Work Opportunity Tax Act of 2007 (the "Act"), which was contained in the Iraq Appropriations Act and was signed by the president May 25, 2007, made substantial changes in the standards applicable under Section 6694(a)…

President Bush signed the Pension Protection Act of 2006 (“Pension Act”) into law on August 17. Although most of the legislation deals with complicated and technical pension plan issues, some provisions will be of more direct concern to…

Effective June 21, 2005, those who provide tax advice (including estate, gift, and generation skipping tax advice) will be subject to new mandatory rules governing the form and content of many written communications with clients. The new…