H&R Block Ch 26 Ethics
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.
Conflict of Interest - ANSWER One in which one client will be adversely
affected by representation of another client.
Conflict of Interest Exception Rules - ANSWER When there is a conflict, a tax
professional may still be able to represent the clients under the following
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.
Conflict of Interest - ANSWER One in which one client will be adversely
affected by representation of another client.
Conflict of Interest Exception Rules - ANSWER When there is a conflict, a tax
professional may still be able to represent the clients under the following
