Spectacular IRS Approved Webinar Recap

Left: Personal Property Appraiser, Patricia Atwood, ASA. Right: Director of Office of Professional Responsibility, Internal Revenue Service, Steve Whitlock.

On October 26, 2016, the American Society of Appraisers aired the IRS approved How Due Diligence and other Provisions of IRS Circular 230 Apply to Appraisers webinar. This online webinar provided an overview of the history and provisions related to appraisers in Title 31 of the Code of Federal Regulations. The webinar also helped explain how appraisers are impacted by the IRS standards for professional conduct. Several key questions and answers were discussed, including: What due diligence obligations and other key provisions of Circular 230 apply to appraisers? Why might the IRS Office of Professional Responsibility sanction an appraiser? What sanctions can be taken, and how are they publicized? What is the difference between sanctions and penalties? What penalties apply to appraisers?

ASA was honored to have the Director of Office of Public Responsibility (OPR), Internal Revenue Service, Steve Whitlock, present this multidisciplinary webinar. Mr. Whitlock was appointed as the Director of Office of Professional Responsibility for the Internal Revenue Service in August 2015, and previously served as Deputy Director from 2002 to 2007. The OPR administers the IRS regulations governing the practice of attorneys, CPAs, enrolled agents and enrolled actuaries, as set out in Treasury Circular 230. Under his leadership the office changed its focus to address misconduct posing a greater potential of adversely impacting tax administration, including tax opinion abuses and conflicts of interest.

Patricia Atwood, ASA served as moderator for the hour long presentation. Ms. Atwood, an Accredited Senior Appraiser, has been a member of the Internal Revenue Service Advisory Council at IRS since 2015 and also serves on the Appraisal Standards Board of The Appraisal Foundation.

For more information on upcoming PP courses visit ASA Online or contact us at (800) 272-8258.