2009 Registration Now Open!

Regulatory Ethics Interactive Self-Study Course

We are now offering a newly-revised interactive self-study course for CPE credit, updated for 2009.

Earn 2 hours of CPE and fulfill your ethics requirement by taking our self-study course... for only $20! Download and browse the course materials for free. You pay only when you submit your test results for CPE credit!

PLEASE NOTE: In order to receive your CPE credit by the end of a calendar year, we must receive your exam for grading no later than December 15 of that year.

• Fees
• Instructions and Download
• Course Description and Overview

Fees

• Downloading course material: Free!
• Grading and CPE processing: $20.00
• Expedited processing (test results emailed or faxed to you within 2 business days). Optional: $10.00
• Printed course material sent to you via 1st Class mail (for those do not wish to download and print all of the materials).
  Please print out this 1-page order form and mail or fax in the form with payment as indicated on the form. Optional: $13.92 (plus sales tax where applicable)

Instructions and Download

1. Download the instructional materials below (course text, test, registration form, and test answer sheet in a single PDF).
2. Read through the enclosed instructions thoroughly.
3. Upon completion of the course, submit your materials in one of the following two ways:
   • If paying by credit card, please fax the registration form/answer sheet and evaluation form to (217) 244-5933.
   • If paying by check or money order, please mail the registration form/answer sheet, evaluation form, and your payment to:

     Ethics Test Processing
     University of Illinois Tax School
     334 Mumford Hall, MC-710
     1301 W. Gregory Drive
     Urbana, Illinois 61801

Download: 2009 Regulatory Ethics.pdf

Course Description and Overview

Field of Study: Regulatory Ethics

Course Objectives: To educate tax professionals regarding ethical duties owed to the Internal Revenue Service (IRS), clients, and employers. At the conclusion of this module, participants will be able to:

• Evaluate the importance of ethics to the tax profession
• Comprehend the role of the tax professional in a voluntary compliance system
• Apply standards of practice governing tax professionals relating to due diligence, return of client records, conflict of interest, best practices, and written opinions
• Understand the relationship between the Office of Professional Responsibility (OPR) and the tax professional
• Outline processes used by the OPR to ensure compliance and enforcement of regulations
• Implement measures to reduce the risk of lawsuits
• Analyze ethical considerations in a variety of situations

Course Level: Basic, but applicable to all levels of knowledge

Course Prerequisites: None; however, it is recommended participants be familiar with Treasury Department Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers before the Internal Revenue Service. A copy of Circular 230 may be obtained from the IRS website at www.irs.gov/pub/irs-pdf/pcir230.pdf .

Advanced Preparation: None

Course Content: This course covers the following sections of Circular 230:

• §10.2 — Definitions
• §10.21 — Knowledge of Client's Omission
• §10.22 — Due Diligence
• §10.27 — Contingent Fees
• §10.28 — Return of Client Records
• §10.29 — Conflicts of Interest
• §10.33 — Best Practices
• §10.34 — Standard for Tax Returns and Documents, Affidavits and Other Papers
• §10.35 — Covered Opinion Standards
• §10.36 — Procedures to Ensure Compliance
• §10.37 — Standards for Other Written Advice to Clients
• §10.50 — Sanctions
• §10.51 — Incompetence and Disreputable Conduct

Delivery Method: Individual self-study with interactive questions and essay problems that enable participants to assess their comprehension of course material before submission of the final examination.

CPE Credit: This course has an average completion time of 130 minutes and will result in 2 hours of continuing professional education credit in Illinois. Non-Illinois participants should check with their respective state regulating authority to determine the qualifying number of CPE credits to apply.

Expiration Date: This course expires 12 months from the date of purchase.

Refund Policy: No refunds are provided.

Complaint Resolution Policy: Please contact the Tax School Office for assistance.

Modified: July 1, 2009

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