The AICPA recently recommended revisions to clarify and update certain aspects of Circular 230, Regulations Governing Practice Before the Internal Revenue Service, providing clearer rules for tax practitioners when representing taxpayers before the IRS.
The AICPA’s suggestions include defining applicable jurisdiction in the context of whether the Office of Professional Responsibility has the authority to regulate tax preparation and tax planning practices of federally authorized tax practitioners considering recent court decisions.
The AICPA also recommended updates to reflect the elimination of the registered tax return preparer program and amendments to reflect current electronic filing and e-signature practices. Additionally, the AICPA asks for new sections addressing confidentiality, privacy, data protection and record retention. Learn more.