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Item#: 9134
Price: $285.00
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Circular 230 Deskbook

1st Edition
ISBN Number: 1-4024-0754-8
Number of Volumes: 1
Page Count: 871 pages
Detailed Table of Contents (.pdf)
Table of Authorities (.pdf)
Supplement Release Information (.pdf)

Overview

View Chapter 4 - Circular 230

”Now there is a new book that all tax practitioners should consider adding to their collections: The Circular 230 Deskbook. The book overviews and highlights the do’s and don’ts of tax practice and the consequences to tax practitioners who fall short of the prescribed professional benchmarks.”

 —The Journal of the American Taxation Association

”[The Circular 230 Deskbook is] a masterful analysis and an important guide to the Internal Revenue Service’s labyrinthine rules and regulations governing tax penalties, reportable transactions, and the conduct of attorneys, accountants, and others who ’practice’ before the IRS … The Circular 230 Deskbook provides a comprehensive, complete, and analytical examination of the topic.”

 —Bridget J. Crawford, Associate Professor of Law, Pace University


The Circular 230 Deskbook from PLI helps tax practitioners comply with complex Circular 230 amendments more easily — and avoid costly penalties and sanctions.

The Deskbook shows you how to meet mandated duties applicable to six types of covered opinions; comply with critical requirements for written tax advice; carry out prescribed duties when advising in preparation of tax returns; satisfy reporting/list maintenance rules for six types of reportable transactions; qualify for ”safe harbors” that free you from burdensome Circular standards, exploit proven defenses against the Code’s § 6662 penalties, and avoid common errors that can trigger these § 6662 penalties.

The Deskbook brings you laminated, quick-reference compliance tools, including a Circular 230 written tax advice decision tree; a Circular 230 compliance chart for covered opinions highlighting exceptions and special rules; a Circular 230 compliance flow chart detailing affirmative duties and prohibited activities; a covered opinions compliance checklist; and a reportable transactions compliance flow chart.

Updated at least once a year, The Circular 230 Deskbook: Related Penalties • Reportable Transactions • Working Forms is an essential compliance tool for every tax professional who practices before the IRS.


Basic Upkeep Service:
In order to keep you abreast of the latest developments in your field, the purchase of PLI treatises includes Basic Upkeep Service, so that supplements, replacement pages and new editions may be shipped to you immediately upon publication for a 30-day examination. This service is cancelable at any time.

Authors & Contributors

Author(s)

Jonathan G Blattmachr, Milbank Tweed Hadley & McCloy LLP
Mitchell M Gans, Hofstra University School of Law
Damien Rios, Caciques Consulting

Chapter Listing


 Deference: When the Court Must Yield to the Government's Interpretation
 Selected Penalties; And Appendix 2A
 Reporting and List Maintenance Requirements
 Circular 230
 Appendix A Circular No. 230
 Appendix B Circular 230 Addendum (July 2002)
 Appendix C Circular 230 (1921 Version)
 Appendix D Circular 230 Decision Tree
 Appendix E Chart for Compliance with Circular 230 Section 10.35 for "Covered Opinions"
 Appendix F Circular 230 Flowchart
 Appendix G Chart: Reportable Transactions
 Appendix H Checklist for Covered Opinions and Other Written Advice About Federal Tax Issues
 Appendix I Analysis of Certain Court-Made or Judicial Tax Doctrines
 Appendix J AICPA Bylaws: Section 730
 Appendix K KPMG Indictment
 Appendix L IRS Form 706
 Appendix M IRS Schedule M-3 (Form 1120)
 Appendix N IRS Form 2848
 Appendix O IRS Form 8886
 Appendix P Proposed Changes to Circular 230
 Appendix Q General Disclaimer About Circular 230 for Use in General Memorandum About Tax Law Matters
 Appendix R Sample Disclaimers
 Appendix S Sample Framework of a Circular 230 Covered Opinion
 Appendix T Sample Memorandum of Written Advice Not Constituting a Covered Opinion
 Appendix U 18 U.S.C. Section 207
 Appendix V Proposed Regulations for Practitioners Rendering Municipal Bond Opinions
 Appendix W Summary Order: Long Term Capital Holdings, LP v. United States
 Appendix X Selected Internal Revenue Code Sections and Treasury Regulations Regarding Penalties
 Appendix Y Application for Enrollment to Practice Before the Internal Revenue Service
 Appendix Z IRS Form 8921
 Appendix AA IRS Forms 8275 and 8275R
 Appendix BB IRS Notices 2007-54, 2008-11, 2008-12, 2008-13, 2008-14
 Appendix CC Practitioner Penalties Under Circular 230 Section 10.34
 Appendix DD Preparer Penalties Under IRC Section 6694
 Appendix EE Director, Officer of Professional Responsibility v. Sykes, Complaint 2006-1 (January 2009, Administrative Law Judge Richard A. Scully)
 Appendix FF Notice 2009-55
 Appendix GG Notice 2009-59
 Bibliography
 Table of Authorities
 Index to Circular 230 Deskbook



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