On December 26, 2024, proposed changes to Circular 230 were promulgated. The proposals would change the scope of who is regulated, set forth professional standards for those preparing tax returns or making other submissions to the IRS (including appraisals), and suggest best practices for running a tax practice. The proposals are largely consistent with professional standards governing CPAs.
Attendees of this webinar will learn the proposed rules governing preparing and amending tax returns, providing written tax advice, how the IRS expects you to run your practice, and how the IRS expects you to plan to protect client data. Webinar attendees will be the first to be ready for when these changes are formally enacted by the IRS.
NOTE: This webinar covers proposed changes to Circular 230 that are not formally recognized by the U.S. Government. Because these changes are not yet recognized, this webinar does not qualify for IRS CE credit for Enrolled Agents.
Identify proposed changes to Circular 230
Define the scope of the proposed regulations and professional standards
Evaluate best practices for running a tax practice under these proposed regulations
Thompson Coburn LLP
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Steve has drafted trusts and a full range of estate planning documents for clients to help grow, preserve, and transmit their family wealth. He has also prepared organizational documents for limited liability companies, corporations, and partnerships to implement their owners' wishes regarding current and future control and transmission, including bringing in new owners and facilitating exit strategies.
Steve enjoys helping clients structure their affairs to achieve their personal, business, and financial goals while reducing the drag that taxes imposed on them. His firm provides full service to businesses; however, he also acts as counsel on specialized matters while cooperating and facilitating the continued involvement of an existing legal, accounting, and financial services team. Steve maintains his CPA license but prefers to refer income tax returns to practicing CPAs.
Steve Gorin is the former president and an ongoing contributor to Covenant Place’s strategic initiatives. It is a senior affordable housing community with a groundbreaking model for integrated residents with the surrounding community and facilitating holistic services to enrich their lives.
To know more about Steve Gorin, kindly click on the link below:
http://thompsoncoburn.com/people/steve-gorin
For various free resources Steve offers, see https://www.thompsoncoburn.com/insights/blogs/business-succession-solutions/about
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For approximately 90 years, Thompson Coburn LLP has provided the quality legal services and counsel our clients demand to achieve their most critical business goals. Whether helping with a tax, estate planning, real estate or employment issue, navigating a complex acquisition or defending a product or service in litigation, we have the knowledge and resources to meet any legal need.
With over 380 attorneys, we have experience in more than 50 areas of the law. Supported by our firm's state-of-the-art technology, lawyers in our Chicago, Dallas, New York, Los Angeles, Southern Illinois, St. Louis and Washington, D.C. offices enjoy a nationwide practice.