About Course

This self-study ethics program provides an in-depth examination of the conflict of interest rule set forth in Treasury Department Circular 230, Section 10.29, and its application throughout tax practice. The course addresses the two categories of conflict recognized by the regulation — direct adversity and materially limited representation — the four recognized sources of material limitation, the practice scenarios in which conflicts most frequently arise, the informed consent framework that permits certain conflicts to be waived, and the practical systems a tax practice should maintain to identify and manage conflicts before they result in a Circular 230 violation.

Define the two categories of conflict of interest recognized under Circular 230 §10.29(a)
Identify the four sources of material limitation and recognize each in common practice scenarios
Apply the significant risk standard to determine whether a conflict exists, independent of actual harm
Recognize conflicts arising in transactional, entity, family, and successor-engagement contexts
Apply the informed consent framework of §10.29(b), including the reasonable belief standard and required elements of written consent
Identify conflicts that cannot be waived under any circumstances
Apply the written consent retention requirements of §10.29(c)
Design and apply a practical conflicts-check process at intake and throughout an engagement

Course Content

Module 1 – Understanding Conflicts of Interest Under Circular 230 §10.29

Understanding Conflicts of Interest Under Circular 230 §10.29

Module 2 – Identifying Conflicts in Common Practice Scenarios

Module 3 – The Informed Consent Framework

Module 4 – Managing Conflicts in Practice

Final Assessment – Conflicts of Interest in Tax Practice
This final assessment consists of 10 multiple-choice questions covering all four modules of this course. A passing score of 70% or better is required.

About Course

Related Courses

What Will You Learn?

Course Content

Module 1 – Understanding Conflicts of Interest Under Circular 230 §10.29

Understanding Conflicts of Interest Under Circular 230 §10.29

Module 2 – Identifying Conflicts in Common Practice Scenarios

Identifying Conflicts in Common Practice Scenarios

Module 3 – The Informed Consent Framework

The Informed Consent Framework

Module 4 – Managing Conflicts in Practice

Managing Conflicts in Practice

Final Assessment – Conflicts of Interest in Tax Practice This final assessment consists of 10 multiple-choice questions covering all four modules of this course. A passing score of 70% or better is required.

Conflicts of Interest in Tax Practice

Final Assessment – Conflicts of Interest in Tax Practice
This final assessment consists of 10 multiple-choice questions covering all four modules of this course. A passing score of 70% or better is required.