Tax CPA & CPE Lecturer for Kaplan Financial Education. Author of material on Current Federal Tax Developments website.
Mar 8, 2023 • 8 tweets • 5 min read
@CPATaxTeam@danchodan I think this was issued primarily because some CPAs and EAs wanted some guidance on what their responsibilities were when a client brought in an "ERC consultant" when they got hooked by the marketing. 1/x@CPATaxTeam@danchodan Most of what they said is not surprising. Technically I'm not sure, given Ridgely v. Lew, if some of these items apply to CPAs from Circular 230, but the virtually identical provisions in the SSTSs would lead to the same advice. 2/x
Mar 7, 2023 • 7 tweets • 2 min read
The OPR guidance on the ERC (such as it is) was issued this afternoon in Alerts from Office of Professional Responsibility (OPR) Issue 2023-02 (an email newsletter) #TaxTwitter 1/x
It looks at applying Circular 230 to the claims. For those preparing claims it points out the requirements found in Section 10.22(a) for due diligence as to accuracy of a claim and also the limits of relying on what the taxpayer tells you if you know, or should know, 2/x
