Regulation of individuals practicing before treasury.

• Author: Manning, Paul

Circular 230 authorizes Treasury to suspend or disbar from practice before the department a representative who (1) is incompetent; (2) is disreputable; (3) violates the rules regulating practice before the department; or (4) (with intent to defraud) willfully and knowingly misleads or threatens the person being represented (or a person who may be represented).

New Law

AJCA Section 822 amends 31 USC Section 330(b) to permit Treasury to censure any representative who violates regulations prescribed under this section, and to impose a monetary penalty on an individual or on the employer, firm or entity that the individual represents, if it knew, or reasonably should have known, about the conduct giving rise to the penalty. The monetary...