Circular 230 Changes Proposed
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The proposed revisions to Circular 230 would affect:
- the definition of practice
- eligibility for enrollment
- unenrolled practice
- rules concerning contingent fees, conflicts of interest, standards with respect to tax returns and document, affidavits and other papers, sanctions, discovery, publicity and appeals
The proposed regulations do not address standards for written tax advice, which were the subject of amendments issued in December 2004 and modified in May 2005. They do, however, replace certain terminology in order conform with terminology used in 18 U.S.C. 207, and 5 C.F.R. parts 2637 and 2641.
Ensuring that tax professionals adhere to professional standards and follow the law is one of the IRS’ top four enforcement goals and the proposed revisions play a critical role in achieving that goal.