Asked by Riley Jackson on Jun 15, 2024
Verified
All paid tax preparers must follow the rules provided in Circular 230.
Circular 230
Regulations promulgated by the U.S. Treasury Department governing tax professionals' practice before the IRS.
- Identify the regulatory compliance requirements for paid tax preparers under Circular 230.
Verified Answer
LW
Lindsey WeavilJun 17, 2024
Final Answer :
True
Explanation :
Circular 230 provides the rules and regulations for tax professionals and those who prepare tax returns for compensation. All paid tax preparers including Enrolled Agents, Certified Public Accountants, and Attorneys must follow these rules.
Learning Objectives
- Identify the regulatory compliance requirements for paid tax preparers under Circular 230.