SEE-3 - Practices and Procedures - Section 1.4

Identify disreputable conduct and the sanctions, penalties, and disciplinary procedures the OPR may impose on practitioners, and the preparer penalties under the Internal Revenue Code.

Identify acts constituting incompetence and disreputable conduct under Circular 230 - such as conviction of a tax crime, giving false testimony, or misappropriating client funds - and the OPR sanctions of censure, suspension, disbarment, and monetary penalty. Distinguish these ethics sanctions from the Internal Revenue Code preparer penalties, including the Section 6694 understatement penalty and the Section 6695 failure-to-furnish and signature penalties.

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