TRUST US

On June 20, all professionals who practice before the Internal Revenue Service and provide tax opinions must change the way they do business. On that date, the now infamous Circular 230 goes into effect, with compliance language so broad it sparked protest and even a letter-writing campaign, led by prominent attorneys asking the Service to create rational safe harbors. The IRS seems to be listening.

On June 20, all professionals who practice before the Internal Revenue Service and provide tax opinions must change the way they do business. On that date, the now infamous Circular 230 goes into effect, with compliance language so broad it sparked protest — and even a letter-writing campaign, led by prominent attorneys asking the Service to create rational safe harbors.

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish