A comprehensive guide of ethical standards and practices.
The Yearly Tax Ethics course is designed to provide tax professionals with a comprehensive understanding of ethical standards and practices essential in the field of taxation. This course will cover the principles of ethical behavior, the legal and regulatory framework governing tax practice, and the importance of maintaining integrity and professionalism in all tax-related activities. Participants will explore real-world scenarios and case studies to develop their ability to identify and resolve ethical dilemmas effectively.
Key Topics:
Introduction to Tax Ethics:
Legal and Regulatory Framework:
Ethical Decision-Making:
Common Ethical Dilemmas:
Professional Responsibility and Integrity:
Current Issues in Tax Ethics:
Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.
