Proposed updates to Circular 230 Regulations (REG-116610-20) The deadline to submit comments is February 24, 2025.
Who May Be Affected:
• Registered tax return preparers
• Enrolled agents (EAs)
• Enrolled retirement plan agents
• Enrolled actuaries
• Annual Filing Season Program (AFSP) participants
• Attorneys
• Certified public accountants (CPAs)
• Appraisers
• Other practitioners
Key Proposed Changes Include:
• Removing provisions related to registered tax return preparers
• Classifying the use of certain contingent fee arrangements by practitioners as disreputable conduct
• Setting new standards for appraisals and rules for disqualifying appraisers
How to Submit Comments:
Online: Submit electronically at https://www.regulations.gov (indicate IRS and REG-116610-20 when following online submission instructions), or
Mail: Send written comments to:
Internal Revenue Service
P.O. Box 7604
Ben Franklin Station
CC:PA:01:PR (REG-116610-20)
Room 5203
Washington, DC 20044
Questions?
For questions about the proposed regulations, contact William J. Prater at (202) 317-6251.
For questions about submitting comments or the public hearing, contact the Publications and Regulations Section at (202) 317-6901 or email [email protected]. We encourage you to review the proposed changes and share your feedback.