2019 May/June EA Journal Exam

3.9 (10 votes)

2019 May/June EA Journal Exam

IRS Program Number: X9QQU-E-00558-19-S

Ethical Due Diligence—Self-Cancelling Terms? 
By Dave Du Val, EA

This article provides an overview of the due diligence guidelines set forth in Circular 230, the penalties applicable to the preparation of tax returns, and updates as a result of the Tax Cuts and Jobs Act.

Cryptocurrency Tax Preparation: Ethics Nightmare? 
By Andy Frye, EA, and Joshua Azran, CPA 

The fast growth of cryptocurrency adoption presents both opportunities and ethical challenges for forward-thinking tax professionals The authors discuss what it is, the appeal of cryptocurrency, and the implications of crypto-tax preparation for the industry.  

OPR Radar (for how long?) 
By Ruth Ann Michnay EA, CPA, USTCP 

This article discusses the Office of Professional Responsibility’s operations and procedures when a Report of Suspected Practitioner Misconduct is filed, the regulations involved, professional organizational tools available, and preventive ethics alerts for enrolled agents.


Tax Court: Conflict of Interest as Viewed Through Clark J. Gebman and Rebecca Gebman v. Commissioner (T.C. Memo 2017-184)
Clark J. Gebman and Rebecca Gebman, Petitioners v. Commissioner of Internal Revenue, Respondent
T.C. Memo 2017-184
Filed September 18, 2017
By Sherrill Trovato, EA, USTCP

Even if we never practice in the U.S. Tax Court, as taxpayer representatives we must always be aware of our ethical duties. This is especially true when representing a husband and wife who previously filed a joint tax return because when a controversy arises, the potential §6015 or other conflict of interest issues cannot be ignored.