Mr. Skarlatos also presented this panel on November 15 in San Diego, CA.
Tax practice can be categorized into three different stages: tax planning, tax return preparation and audit/trial representation. Each stage has its own ethical considerations. This panel discussed the ethical issues that arise at each stage of the process.
Before you file a tax return, how sure do you have to be before you can tell a client it is okay to take a deduction or characterize income as capital gain? Do you have to audit a client’s records or can you just rely on what the client says? After the return has been filed, how do you handle an audit when you know the client’s tax return is wrong? What do you do if the information you submitted to the IRS is not accurate? This panel of expert practitioners addressed these and other thorny ethical issues that arise in everyday tax practice through the use of hypothetical examples. This program offered essential guidance for tax professionals who want stay on the right side of the line.