Abstract

http://ssrn.com/abstract=937714
 


 



Tax Practice in a Circular Revolution: A Review of PLI's Circular 230 Deskbook


Bridget J. Crawford


Pace University School of Law


Real Property, Probate and Trust Journal, Vol. 42, No. 1, 2007
U of Penn Law School, Public Law Working Paper No. 06-41

Abstract:     
This short review essay evaluates the Practicing Law Institute's Circular 230 Deskbook by Jonathan G. Blattmachr, Mitchell M. Gans and Damien Rios. For attorneys, accountants and others who practice before the IRS, the Circular 230 Deskbook is a masterful analysis and an important guide to the Internal Revenue Service's labyrinthine rules and regulations governing tax penalties, reportable transactions and the conduct of tax practitioners.

Most tax attorneys and accountants have reacted to the recent changes to Circular 230 by appending banner notices to all written communications. Without fully understanding the underlying rules, however, a practitioner cannot be sure that a banner alone will guarantee compliance with Circular 230's requirements. If Sir Walter Raleigh claimed that there is nothing new in the human experience because the world hath ever been in a circular revolution, tax practice in the twenty-first century surely must be an exception. The complex rules of Circular 230 have transformed the very nature tax practice and likely will continue to govern it for the foreseeable future. For that reason, every tax professional must become fully conversant with the details of Circular 230, or else risk public censure, suspension, fines or even the end of one's professional career. The PLI Circular 230 Deskbook provides a comprehensive, complete and analytical examination of the topic. Of particular interest to practioners will be the five interpretative charts in the book's Appendix that are reprinted as colored, glossy, single-reference sheets that can be removed from the book.

Number of Pages in PDF File: 9

Keywords: Circular 230, tax, Internal Revenue Service, reportable transactions, lawyers

JEL Classification: K34

Accepted Paper Series


Download This Paper

Date posted: October 16, 2006  

Suggested Citation

Crawford, Bridget J., Tax Practice in a Circular Revolution: A Review of PLI's Circular 230 Deskbook. Real Property, Probate and Trust Journal, Vol. 42, No. 1, 2007; U of Penn Law School, Public Law Working Paper No. 06-41. Available at SSRN: http://ssrn.com/abstract=937714

Contact Information

Bridget J. Crawford (Contact Author)
Pace University School of Law ( email )
78 North Broadway
White Plains, NY 10603
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,361
Downloads: 119
Download Rank: 138,907

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.203 seconds