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Circular 230 Discipline and Sanctions: How Worried Should We Be? (MP3 Audio Download) |
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There are many reasons for the recent focus on Circular 230 and the IRS's Office of Professional Responsibility: disciplinary determinations are now made public; the potential sanctions and persons subject to sanctions have been expanded; OPR has been actively and publicly pursuing its mission, and the substantive rules have been significantly revamped. To date, the publicized disciplinary determinations have been limited to failure to file, failure to pay and other obvious wrong-doing. OPR, however, has been clear that its focus is shifting to more substantive cases-such as those that involve recent changes to advice standards and the expansion of sanctions to firms and responsible persons.
This panel will consider the next shoe to drop in OPR disciplinary proceedings. When will we start to see advice-givers and return preparers disciplined? When does a practitioner cross the line from giving advice that turns out to be wrong to giving advice that merits sanction? Will we see practitioners disciplined for mistakes and bad judgment or only for willful conduct? Do we all agree on which is which? Under what conditions will OPR pursue firms and responsible persons? What factors will OPR use to determine appropriate sanctions?
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This download includes the MP3 audio file and the course materials in PDF. Both files will be delivered together in a ZIP file. To play an audio download in MP3 format, your will need a media player such as iTunes, Windows Media Player, RealPlayer, or Quicktime. For instructions on loading MP3 files to a portable media device, please refer to your device's instruction manual.Course materials require Adobe Reader®.
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Immediately after checkout, the download file(s) will be available in Your Downloads (accessible in the left navigation area of the Web Store when logged in).
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