The IRS has issued final regulations that modify the standards governing written tax advice and update related provisions.

In the regulations, the IRS pointed out that individuals subject to Circular 230 requirements must meet minimum standards of conduct with respect to written tax advice, and those who do not should be subject to disciplinary action, including suspension or disbarment. In accordance with these principles, the regulations have been amended from time to time to address issues relating to tax opinions and written tax advice.

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