by Turquoise Tax Systems | Jun 16, 2026 | IRS Representation
Taxpayers must keep records for as long as they are needed to administer any provision of the Internal Revenue Code. In most cases, this means keeping documents that support items reported on a tax return until the period of limitations expires. (“A taxpayer must keep...
by Turquoise Tax Systems | Jun 16, 2026 | IRS Representation
Tax return preparers must take reasonable positions on returns. A position is reasonable only when supported by substantial authority, or—if disclosed—a reasonable basis. Preparers may not take frivolous positions, which have no legal validity or have been deemed...
by Turquoise Tax Systems | Jun 16, 2026 | IRS Representation
A tax return preparer is any individual who prepares, for compensation, all or a substantial portion of a federal tax return or claim for refund. Professional credentials, education, nationality, or business location do not determine preparer status. (“A tax return...
by Turquoise Tax Systems | Jun 16, 2026 | IRS Representation
Circular 230 establishes the procedures the IRS uses to discipline practitioners who violate professional standards. The Office of Professional Responsibility (OPR) administers these proceedings and may reprimand, censure, suspend, or disbar a practitioner after...
by Turquoise Tax Systems | Jun 16, 2026 | IRS Representation
Circular 230 authorizes the Secretary of the Treasury, or a delegate, to discipline practitioners who violate professional standards. Sanctions apply when a practitioner is incompetent, disreputable, willfully violates regulations, or knowingly misleads or threatens a...
