Avoid Jail & Penalties - Mastering Compliance and Due Diligence Audits for Tax Pros

The IRS due diligence rules are non-negotiable, and failure to comply can cost tax professionals thousands in penalties-or even their business. Avoid Jail & Penalties: Mastering Compliance and Due Diligence Audits for Tax Pros is a textbook designed to prepare tax preparers for real-world compliance, audit readiness, and due diligence according to Circular 230.

Developed by seasoned tax trainer Dee Fomby, this textbook combines clear instruction with practical application. It goes beyond theory, offering tax professionals the knowledge and tools they need to apply due diligence consistently across their practice.

Inside, readers will find:

• IRS due diligence requirements explained in plain language
• Training on credits tied to Form 8867 (EITC, CTC/ACTC/ODC, HOH, and AOTC)
• Self-employment and household employee audit scenarios
• Mock audit questions with sample responses
• Templates, forms, and checklists for immediate implementation
• Staff training materials to standardize compliance procedures

With more than 100 pages of instruction, scenarios, and resources, this textbook is ideal for:

• Tax preparers seeking to strengthen compliance and audit readiness
• Firm owners who need to train and certify their teams
• Continuing education programs and tax schools looking for a structured curriculum
• Tax preparers preparing for a due diligence audit

Avoid Jail & Penalties is more than just a resource-it's a professional standard for tax preparers who want to safeguard their clients, their business, and their reputation.