Proposed Revisions to Circular 230 Contain Expedited Suspension Procedures For Practitioners Significantly Behind On Their Own Federal Tax Obligations

By Richard Paul McClellan III

As described below, proposed Regulations can make the already daunting consequences of tardy filing considerably more dramatic under Circular 230's expedited suspension procedures.

Practitioners not in filing compliance should consider that filing outstanding returns and facing resulting balances is preferable to the consequences of continued non-filing. Depending on various factors beyond the scope of this update, practitioners should consider obtaining professional advice and, if warranted, representation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richard Paul McClellan III, Richard Paul McClellan III Lawyer | Attorney Advertising

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