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.
Founded in 1933, Practising Law Institute (Practicing Law Institute, PLI) is the nation’s foremost provider of continuing legal education. PLI is a leading publisher of authoritative legal references and other information resources and offers more than 300 live and electronic programs nationally.
About the Authors
Jonathan G. Blattmachr is a Partner at Milbank, Tweed, Hadley & McCloy LLP in New York City. Mitchell M. Gans is a Professor of Law at Hofstra University. Damien Rios is the Founder and President of Caciques Consulting LLC.