Treasury Department Circular 230 Summary

The Treasury Department Circular 230 contains rules on how certain individuals who prepare tax returns such as attorneys, enrolled agents, and certified public accountants should conduct themselves before the IRS. It also contains rules on how the secretary of the treasury runs the office. Additionally, the circular contains penalties and other disciplinary measures that can be imposed on entities that violate the code of conduct.
One of the striking features about the circular is the prohibition of actions that can cause a tax preparer to lose his license or even be imprisoned. Most of these prohibitions can be found in Subpart B of circular 230. By clearly following the duties and observing the prohibitions laid out in this subpart, it is