Federal Tax Updates

Circular 230 Changes: What Practitioners Need to Know

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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.

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  • (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

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    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/

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    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
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