FIRST PUBLISH OCTOBER 2024
HRB-26 Ethics Exam Study Guide Solutions
Circular 230 - ANSWER✔✔-Regulations governing the practice of attorneys, CPAs, enrolled agents,
enrolled actuaries, and appraisers before the IRS.
Disclosure - ANSWER✔✔-The release of tax information by an IRS employee.
Due Diligence - ANSWER✔✔-Requirements that Tax Professionals must follow when preparing income
tax returns.
• Accurate and Complete
• Thorough Interview
• Reasonability Check
• TPS Notes
Noncompliance - ANSWER✔✔-Failure or refusal to comply with the tax Code.
Privilege - ANSWER✔✔-Protection from being required to disclose confidential communications
between two parties, such as attorney and client.
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