Kostelanetz partner Melissa Wiley writes in the CPA Journal about the expected fate of Treasury’s proposed regulations amending Circular 230.
The proposed amendments to Circular 230, which sets standards for professionals who practice before the IRS, were published during the Biden administration just a month prior to President Trump’s inauguration. Several of the proposed changes were viewed as controversial, including four that Melissa outlines in her article.
Melissa notes that some of the most controversial proposed rule changes relate to who Circular 230 applies to, whether practitioners may charge “contingent fees,” practitioners’ obligations with respect to their client’s errors or omissions, and conditions under which practitioners would be deemed to have committed disreputable conduct.
Melissa concludes that the fate of the proposed regulations remains uncertain, saying, “Given the change of administration, it is unclear whether the final regulations revising Circular 230 will ever see the light of day. For now, practitioners may prefer to keep their well-worn copies of the 2014 revision of Circular 230, annotated for those provisions that have been mooted by the courts.”
Read the full article here.
About Melissa
With more than 20 years of experience in tax law, Melissa has represented a diverse range of clients, from large corporations to high-net-worth individuals, in complex disputes with federal and state taxing authorities. Known for her calm, empathetic style, Melissa excels at distilling intricate tax issues into clear, actionable insights — helping her clients efficiently resolve disputes and focus on what matters most in their businesses and lives.
