Federal Tax Updates

Circular 230 Changes: What Practitioners Need to Know

Listen Later

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.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome to Federal Tax Updates
  • (02:04) - Introducing Special Guest Bob Kerr
  • (03:16) - Overview of Circular 230
  • (04:43) - Proposed Changes to Circular 230
  • (15:01) - Contingent Fees Debate
  • (30:18) - Limited Practice Discussion
  • (36:10) - Voluntary IRS Programs and Their Impact
  • (37:58) - Competency and Practitioner Requirements
  • (39:21) - Knowledge of Errors and Omissions
  • (42:19) - Proposed IRS Regulations and Practitioner Responsibilities
  • (49:29) - Best Practices and Circular 230
  • (57:18) - Conclusion and Future Expectations

    • Get NASBA Approved CPE or IRS Approved CE
    Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

    Connect with Bob Kerr
    https://kerr.tax/about-us/
    https://www.linkedin.com/in/kerr-robert

    Connect with the Roger and Annie on LinkedIn
    https://www.linkedin.com/in/rogerharrispbs/
    https://www.linkedin.com/in/annie-schwab-852418261/

    Review
    Leave a review on Apple Podcasts or Podchaser

    Subscribe
    Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

    This podcast is a production of the Earmark Media

    ...more
    View all episodesView all episodes
    Download on the App Store
    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    29 ratings

    More shows like Federal Tax Updates

    View all
    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,194 Listeners

    Accounting Best Practices with Steve Bragg by Steve Bragg

    Accounting Best Practices with Steve Bragg

    255 Listeners

    Money Girl by QuickAndDirtyTips.com

    Money Girl

    1,847 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    591 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    415 Listeners

    Talking Tax by Bloomberg Tax

    Talking Tax

    114 Listeners

    Tax Notes Talk by Tax Notes

    Tax Notes Talk

    89 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    340 Listeners

    Small Business Tax Savings Podcast by Mike Jesowshek, CPA

    Small Business Tax Savings Podcast

    249 Listeners

    Ready For Retirement by James Conole, CFP®

    Ready For Retirement

    794 Listeners

    Tax News & Views by Deloitte US

    Tax News & Views

    26 Listeners

    The Deduction by Tax Foundation

    The Deduction

    40 Listeners

    Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

    Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

    549 Listeners

    The Mr. R Show by Chris Picciurro and John Tripolsky

    The Mr. R Show

    0 Listeners

    Tax in Action: Practical Strategies for Tax Pros by Jeremy Wells, EA, CPA

    Tax in Action: Practical Strategies for Tax Pros

    4 Listeners