Advisor tax opinion letter Circular 230 dictate standards
Advisor tax opinion letter Circular 230 dictate standards
July 28, 2014
What are the reportable transactions?
What are the reportable transactions?
July 28, 2014
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Does the government regulate tax advisors?

Does the government regulate tax advisors?

Yes—the Treasury Department dictates rules governing practice before the IRS under “Circular 230.” These rules were substantially strengthened and modified after the IRS identified and attacked several high-profile individual and corporate tax shelters in recent decades. Broadly speaking, these rules address standards by which tax advisors must conduct their practice and dictate the competence level required of tax advisors that render tax opinions.