What Would OPR Do? – Ethically Advising a Tax Non-Compliant Client

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What Would OPR Do? – Ethically Advising a Tax Non-Compliant Client

Program Originally Presented Wednesday, November 8, 2023

This intermediate CLE program is designed to provide a primer on the key ethics rules that apply when advising a tax non-compliant client. After reviewing the various sources of ethics guidance, we will explore what kinds of advice a tax advisor can ethically give a tax non-compliant client and how that advice may vary among attorneys, accountants, and non-credentialled advisors.  Finally, panelists explore real-life examples and the ways in which an advisor might ethically respond.  

Topics include:

• Overview of the relevant ABA Model Rules and Pennsylvania Rules of Professional Conduct
• Overview of relevant AICPA Statements on Standards for Tax Services (SSTSs)
• Summary of applicable sections of Circular 230
• Tax advisors’ obligations upon discovering an error in or omission from a client’s prior tax filing
• Is there a legal and/or ethical obligation to file an amended return?
• Voluntary disclosure versus “playing the audit lottery”
• When does “materiality” matter?

Attend this program to receive guidance on the key ethics rules that apply when advising a tax non-compliant client.

Featured Speakers:
Megan L. Brackney, Esq.
Partner, Kostelanetz LLP
New York, NY

Melissa L. Wiley, Esq.
Partner, Lowenstein Sandler LLP
Washington, DC

0195ODV