Train your Team - Due Diligence

Train Your Team on Circular 230 and Due Diligence"

Equip your tax team with the knowledge and tools to excel in compliance, professionalism, and accuracy. This comprehensive eBook is your ultimate guide to mastering the essential principles of Circular 230 and ensuring due diligence in every aspect of tax preparation. It is designed for tax professionals seeking to build a compliant, efficient, and knowledgeable team.

What’s Inside?

1. Deep Dive into Circular 230

• Understand the core duties, ethical standards, and restrictions that govern tax professionals.
• Learn the consequences of non-compliance and how to avoid penalties.

1. Mastering Due Diligence

• Step-by-step guidance on how to ensure due diligence in every client interaction.
• Strategies for verifying client information, reviewing documentation, and maintaining accurate records.

1. Form 8879: IRS e-file Signature Authorization

• Breakdown of Form 8879 and its significance in electronic tax filing.
• Tips for securely collecting and submitting client signatures.

1. Form 8867: Paid Preparer’s Due Diligence Checklist

• Learn how to properly complete and file this required checklist when claiming credits like the EIC, CTC, and AOTC.
• Avoid penalties with actionable insights on documenting compliance.

1. Form 8862: Reclaiming Disallowed Credits

• Detailed instructions on when and how to use Form 8862 to reinstate credits such as the Earned Income Credit or Child Tax Credit after disallowance.
• Prevent refund delays by ensuring accurate and complete submissions.

1. Accurate Note-Taking for IRS Compliance

• Best practices for documenting client meetings, verifying information, and maintaining audit-proof records.
• Tools and templates for organizing notes to streamline your workflow and stay compliant.

Why This eBook?

• Simplifies complex IRS regulations into actionable steps.
• Provides clarity on critical forms and their use in real-world scenarios.
• Offers tips to train and empower your team to meet IRS standards with confidence.
• Ensures your tax office operates with integrity, professionalism, and efficiency.