Tax Pros Seek Much-Needed Updates to Rules Governing Profession (1)

CPAs and tax attorneys are hoping for substantial updates to the set of rules governing the tax profession, which they say no longer reflects what their work really looks like.

The IRS is planning to update Circular 230, Sharyn M. Fisk, the new director of the agency’s Office of Professional Responsibility, said late last month. The rules, which outline the ethical conduct of tax professionals practicing before the agency, were last revamped in 2014.

Tax pros argue that Circular 230 is outdated, overly complex, and doesn’t reflect the outcomes of two landmark court cases that have scaled ...