Wednesday, July 23 | 10:30 a.m. - 12:10 p.m. | Concurrent Session
Navigating the New Landscape of Circular 230
2 CPE for AFSP, EA, CPA, CRTP
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The IRS has proposed a shift in Circular 230 that redefines the boundaries between tax preparation and tax practice, bringing us to a distinction last emphasized two decades ago. This session will unpack the implications of this significant change for tax professionals and what it means for your practice.
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We’ll clarify how qualified professionals differ from AI-driven tools and self-preparation software, which remain outside Circular 230’s regulatory scope. Additionally, we’ll assess the proposed security protocols, whether they reflect best practices or enforceable standards and their potential impact across the industry.
Objectives
Upon completion of this session, you will be able to:
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Explain the implications of the proposed shift in the boundaries between tax practice and preparation under Circular 230
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Recognize the vital role of the tax professional in staying current and compliant, and delivering informed, ethical guidance that distinguishes us from AI-enabled tax preparation tools
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Consider the role of the tax professional in contrast to AI-enabled tax preparation
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Explore actionable strategies to adapt your practice if the proposed updates are implemented
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Summarize the scope and enforcement potential of new security measures
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CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
