Circular 230

Question 1

What is the main purpose of Circular 230? To prescribe the rules governing the practice of attorneys, CPAs, enrolled agents, enrolled actuaries, and other practitioners before the IRS.

Answer 1

To prescribe the rules governing the practice of attorneys, CPAs, enrolled agents, enrolled actuaries, and other practitioners before the IRS.

Question 2

Which section of Circular 230 deals with the Duties and Restrictions Relating to Practice Before the Internal Revenue Service

Answer 2

Section 10.20.

Question 3

Which part of Circular 230 discusses the sanctions for violating regulations, including censure, suspension, and disbarment from practice before the IRS

Answer 3

Section 10.50.

Question 4

What section of Circular 230 establishes the rules for fee arrangements between practitioners and clients

Answer 4

Section 10.27.

Question 5

Which section of Circular 230 covers the requirement for practitioners to furnish information to the IRS

Answer 5

Section 10.20(b).

Question 6

What is the responsibility of practitioners with respect to their client’s records under Circular 230

Answer 6

They must promptly return any records to the client upon request, as outlined in Section 10.28.

Question 7

Which section of Circular 230 contains the specific rules about advertising and solicitation restrictions

Answer 7

Section 10.30.

Question 8

What section of Circular 230 describes the qualifications required for individuals who may practice before the IRS

Answer 8

Section 10.3.

Question 9

What document must tax return preparers sign, and how is this requirement related to Circular 230

Answer 9

Tax return preparers must sign returns they prepare; this responsibility is connected to the due diligence obligations under Section 10.22.

Question 10

Which section of Circular 230 deals with expedited suspension procedures for certain infractions

Answer 10

Section 10.82.

Question 11

What section of Circular 230 provides a framework for establishing competence and receiving permission to practice before the IRS

Answer 11

Section 10.5.

Question 12

Which part of Circular 230 delineates the procedures to ensure that any conflict of interest is properly disclosed

Answer 12

Section 10.29.

Question 13

What is the purpose of the Office of Professional Responsibility (OPR), and where is it described in Circular 230

Answer 13

OPR has the responsibility to regulate practitioners before the IRS. The responsibilities and organization are described in Section 10.1.