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2021 May/June EA Journal Exam

May/June 2021
IRS Program Number: X9QQU-E-00732-21-S
2 CE

A Primer on Significant Sections of Circular 230 for the New Practitioner
Karen L. Hawkins
Circular 230 imposes certain duties and restrictions upon all practitioners. This article provides a primer of some of the more significant obligations imposed on practitioners by Circular 230.

Due Diligence: How Do You Do it and How Much Is Enough?
Karen L. Hawkins
As advisors, tax professionals are never mere receptacles of information, and are obliged to evaluate and assess the information they are given in order to assist their clients in their decision-making processes.

Preparer Due Diligence Under IRC §6695(g)
Patrick D. Dimmitt, EA
This article discusses the due diligence requirements that apply to return preparers under Treas. Reg. §1.6695-2, the penalties that may be imposed for a failure to meet these requirements, and the IRS preparer due diligence compliance program.

Tax News Briefs (formerly Your Questions Answered)
This article discusses how to avoid penalties by doing proper due diligence.

Tax Court
Reasonable Reliance on a Tax Adviser as Viewed by the Tax Court

Sherrill Trovato, EA, USTCP
According to Circular 230 §10.35(a), practitioners must possess the necessary competence to engage in practice before the IRS, which includes the appropriate level of knowledge, skill, thoroughness, and preparation necessary for the matter in which the practitioner is engaged.