Last Updated: December 15, 2024
IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
This notice is provided in accordance with IRS Circular 230, which sets forth standards for tax professionals who practice before the Internal Revenue Service. Circular 230 regulations require specific disclosures when providing written tax advice to ensure taxpayers understand the limitations and intended use of such information.
IRS Circular 230 (31 CFR Part 10) establishes the rules governing practice before the Internal Revenue Service. These rules apply to attorneys, certified public accountants, enrolled agents, enrolled actuaries, and other tax professionals who represent taxpayers before the IRS.
The regulations impose specific requirements for written tax advice to protect taxpayers and maintain the integrity of the tax system. All communications containing tax advice must include appropriate disclosures to inform recipients of the advice's intended purpose and limitations.
High-income.org operates as a professional matching and referral platform. We connect high-income individuals with qualified, independent tax professionals, including:
High-income.org does not provide tax advice. Any tax advice you receive comes from the independent professionals you engage through our platform, not from high-income.org itself.
The information provided on high-income.org's website is for general informational and educational purposes only. It is not intended as specific tax, legal, or financial advice tailored to your individual circumstances. You should not rely on this information to make tax decisions without consulting qualified professionals.
All content on our website, including but not limited to:
...is provided for general informational purposes only and does not constitute tax advice specific to your situation.
Any information regarding tax matters on our website is not written with the intent of being used to avoid federal tax penalties. It cannot be used for that purpose.
Information on our website is not written to promote, market, or recommend any specific tax transaction, shelter, or planning structure to you or any other party.
When you engage a tax professional through our platform, you enter into a direct professional relationship with that individual or firm. The professional will provide their own engagement letter, terms of service, and Circular 230 disclosures as appropriate.
Tax professionals in our network are independently responsible for:
If your engaged professional provides a "covered opinion" (as defined in Circular 230 §10.35), that opinion must meet specific requirements regarding scope, research, documentation, and disclosure. Your professional will inform you if their advice constitutes a covered opinion.
As a taxpayer seeking tax planning services, you should:
Federal law requires disclosure of certain tax shelters and reportable transactions to the IRS. If your tax professional recommends a strategy that constitutes a reportable transaction, they must inform you of disclosure requirements.
Tax professionals who act as "material advisors" (as defined in IRC §6111) have specific obligations to maintain lists and file informational returns with the IRS regarding certain transactions.
High-income.org does not promote, market, or recommend tax shelters or reportable transactions. We connect you with professionals who can evaluate whether legitimate tax strategies are appropriate for your situation within the bounds of applicable law.
The Internal Revenue Code imposes various penalties for substantial underpayment of tax, including:
Proper professional guidance can help you avoid these penalties through compliant tax planning, but no communication on our website is intended to help you avoid penalties.
While Circular 230 applies to federal tax matters, many states have similar professional responsibility rules for tax practitioners. When engaging a professional through our platform for multi-state tax planning, ensure they:
IRS Circular 230 regulations are subject to change. The Treasury Department and IRS periodically update these rules to address evolving tax practices and compliance concerns. We update this notice as needed to reflect current requirements, but you should consult with your tax professional about current standards.
Communications between you and a tax attorney you engage through our platform may be protected by attorney-client privilege. However:
Discuss privilege considerations with your engaged professional to understand how it applies to your specific situation.
Tax professionals practicing before the IRS must comply with Circular 230 standards, including:
The IRS Office of Professional Responsibility has authority to sanction tax professionals who violate Circular 230, including:
You can verify a professional's standing to practice before the IRS using the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.
If you have questions about:
Please direct these questions to your engaged tax professional, not to high-income.org.
For questions about this Circular 230 Notice or our referral services, contact:
Email: compliance@high-income.org
Subject Line: Circular 230 Inquiry
For more information about Circular 230 and professional responsibility in tax practice, consult:
Reminder: This notice is not exhaustive. For specific questions about your tax situation, federal tax advice, or professional standards, consult with a qualified tax attorney, CPA, or enrolled agent. High-income.org provides professional matching services only and does not provide tax or legal advice.