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Circular 230 Changes: What Practitioners Need to Know
Manage episode 473058515 series 3436441
Roger and Annie welcome guest Bob Kerr to discuss proposed changes to Circular 230, the regulations governing practice before the IRS. They explore contentious issues including contingent fees being classified as "disreputable conduct," expanded rights for non-credentialed preparers, and new requirements for reporting client errors. Bob shares insights from the recent hearing and explains why practitioners shouldn't expect final regulations until at least 2026.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (02:04) - Introducing Special Guest Bob Kerr
- (03:16) - Overview of Circular 230
- (04:43) - Proposed Changes to Circular 230
- (15:01) - Contingent Fees Debate
- (30:18) - Limited Practice Discussion
- (36:10) - Voluntary IRS Programs and Their Impact
- (37:58) - Competency and Practitioner Requirements
- (39:21) - Knowledge of Errors and Omissions
- (42:19) - Proposed IRS Regulations and Practitioner Responsibilities
- (49:29) - Best Practices and Circular 230
- (57:18) - Conclusion and Future Expectations
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with Bob Kerr
https://kerr.tax/about-us/
https://www.linkedin.com/in/kerr-robert
Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
67 episodes
Manage episode 473058515 series 3436441
Roger and Annie welcome guest Bob Kerr to discuss proposed changes to Circular 230, the regulations governing practice before the IRS. They explore contentious issues including contingent fees being classified as "disreputable conduct," expanded rights for non-credentialed preparers, and new requirements for reporting client errors. Bob shares insights from the recent hearing and explains why practitioners shouldn't expect final regulations until at least 2026.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (02:04) - Introducing Special Guest Bob Kerr
- (03:16) - Overview of Circular 230
- (04:43) - Proposed Changes to Circular 230
- (15:01) - Contingent Fees Debate
- (30:18) - Limited Practice Discussion
- (36:10) - Voluntary IRS Programs and Their Impact
- (37:58) - Competency and Practitioner Requirements
- (39:21) - Knowledge of Errors and Omissions
- (42:19) - Proposed IRS Regulations and Practitioner Responsibilities
- (49:29) - Best Practices and Circular 230
- (57:18) - Conclusion and Future Expectations
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with Bob Kerr
https://kerr.tax/about-us/
https://www.linkedin.com/in/kerr-robert
Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
67 episodes
All episodes
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