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Frivolous Tax Positions (CPE)

Exam Questions: 10
Course Level: Basic
Pages: 50 | Content: 42, Supplemental: 8
NASBA Area of Study: Regulatory Ethics
Not Acceptable for: N/A
Version: 4035N

This course discusses various frivolous tax arguments and scams in relation to a federal tax preparer's ethical obligations under IRS Circular 230. Additional information is provided on the civil and criminal penalties that can apply to your clients and the various penalties that can apply to you, the tax preparer, that violates ethical standards and your obligations under Circular 230. This general ethics course can be used for 2 CPE credits towards the following state's requirements: AL, AK, AR, CA, CO, CT, DC, HI, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, NE, ND, NH, NM, NV, OH, OK, OR, PA, RI, SC, UT, VT, WI, and WV. Also meets the IRS requirement for Enrolled Agents. PLEASE NOTE: Course content is similar to that in #4205: Ethics and the Tax Professional: Frivolous Tax Arguments and Tax Scams; therefore, we recommend that you should not take both courses in the same CPE period. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-E-00610-24-S

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Course Information

Table of Contents
  • Frivolous Positions
Objectives
  • To recognize characteristics of common frivolous tax positions
  • To identify the penalties and fines that may be assessed in frivolous tax cases
  • To identify the current "Dirty Dozen" tax scams

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.