In a move some of us knew was coming, but really could not talk about, on September 14th the IRS revoked Section 10.35 of Circular 230 and issued Proposed Regulations that strengthen Section 10.37.
There is now no reason (there probably never was, by the way) for CPA firms to have a “Circular 230 disclaimer” in their outgoing correspondence and e-mails. Those disclosures were an attempt to limit liability for tax advice that had nothing to do with Circular 230 in the first place.
Read the full post by E. Lynn Nichols on his blog:
