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ARTICLE · 09 AUGUST 2012

Practitioners Take Note: Now Is A Good Time For A Circular 230 Refresher

Reinhart, Boerner, Van Deuren SC
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There is often a tendency to assume that the Department of the Treasury's Circular No. 230 pertains solely to preparing tax returns, tax opinions or dealing with the IRS.

United StatesTax
Michael Goller
Michael Goller
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Introduction

There is often a tendency to assume that the Department of the Treasury's Circular No. 2301 ("Circular 230") pertains solely to preparing tax returns, tax opinions or dealing with the IRS. Further, the conventional wisdom is that a violation Circular 2302 must mean that a practitioner engaged in some sort of outrageous behavior. However, the reach of this ethical code is far greater than one might think and a violation can occur in many more situations than practitioners might otherwise expect.

In August 2011, the Department of Treasury made a number of revisions to Circular 230. A common theme of many of these changes is an increase in the breadth of the application of Circular 230. Henceforth, more practitioners will find themselves grappling with Circular 230 compliance issues.

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