Circular 230 Changes: What Practitioners Need to Know

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Federal Tax Updates

Roger Harris, EA and Annie Schwab, CPA

71 episodes

2 weeks ago

CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly Federal Tax Updates podcast. The hosts Roger Harris and Annie Schwab have over 75 years of tax experience between them, which has been featured in various media outlets including Wall Street Journal, USA Today, The Morning Business Report, Bloomberg Business News, and Accounting Today.

All content for Federal Tax Updates is the property of Roger Harris, EA and Annie Schwab, CPA and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Circular 230 Changes: What Practitioners Need to Know

Federal Tax Updates

1 hour

8 months ago

Circular 230 Changes: What Practitioners Need to Know

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

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.

(00:00) - Welcome to Federal Tax Updates
(02:20) - Introducing Special Guest Bob Kerr
(03:32) - Overview of Circular 230
(04:59) - Proposed Changes to Circular 230
(15:17) - Contingent Fees Debate
(30:30) - Limited Practice Discussion
(36:22) - Voluntary IRS Programs and Their Impact
(38:10) - Competency and Practitioner Requirements
(39:33) - Knowledge of Errors and Omissions
(42:31) - Proposed IRS Regulations and Practitioner Responsibilities
(49:41) - Best Practices and Circular 230
(57:30) - Conclusion and Future Expectations