Ethics in Federal Tax Practice (162)

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Meeting Times:

Friday, November 08, 2024 3:00 PM - Friday, November 08, 2024 4:40 PM
The meeting time above is expressed in MOUNTAIN TIME, which is:
Eastern Time:
5:00 PM - 6:40 PM
Central Time:
4:00 PM - 5:40 PM
Pacific Time:
2:00 PM - 3:40 PM


Single Price: $80.00
Multiple Discount Price: $80.00


Internet Course - Live Streamed

Delivery Method:

Group Internet Based

Credit Hours:

2.0 IRS Ethics MF2AY-E-01454-24-O

CTEC Credits:

2.0 Ethics 1066-CE-1138

Field of Study:

Taxes - Technical; and Regulatory Ethics - Technical

Course Level:




General Description:

This course provides two hours of ethics credits and covers topics related to federal tax practice.

Learning Objectives:

After completing this course the participant will be able to:

  • Describe the overall ethical considerations that apply to tax return preparers and explain when a PTIN is required.
  • Discuss the requirements for e-filing and explain the exceptions.
  • Explain when Circular 230 applies to a tax return preparer and summarize the specific rules that apply to all tax return preparers.
  • Discuss substantial authority and reasonable basis.
  • Explain the penalties under §6662 that are imposed on a client, including the negligence penalty and the definition of a substantial understatement.
  • Describe the filing requirements of Form 8938, Statement of Specified Foreign Financial Assets and FinCEN 114, Report of Foreign Bank and Financial Accounts (FBAR).
  • Describe the basics of the Economic Substance Doctrine.
  • Describe the difference in the tax return preparer penalty under §6694 between an understatement due to an unreasonable position and an understatement due to wilful or reckless conduct.
  • Summarize the tax return preparer penalties under §6695 that apply to failing to sign a return, failing to furnish a copy of the return to the client, failing to retain a copy of the return, negotiating a client refund check, and failing to be diligent in determining eligibility for the Child Tax Credit, American Opportunity Tax Credit, and Earned Income Tax Credit.


Isaac L. Lodico is a tax attorney in the corporate and transactional department of Sherman & Howard LLC in Denver. Previously he was professor and interim director of the Graduate Tax Program at the University of Denver, teaching Natural Resources Taxation, Civil & Criminal Tax Procedure, and Consolidated Tax Returns for almost 15 years. He earned an LL.M. in taxation from the Graduate Tax Program, J.D. and a graduate research fellowship from the University of California College of Law in San Francisco (Hastings), and B.A. from the University of Colorado. He is licensed as an attorney in Colorado and California and has extensive experience teaching continuing professional education seminars in tax for CPAs, attorneys, and other tax return preparers.

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