Do you think Firms and other entities such as investment and retirement should be included in Circular 230 outlines ? Why? Firms and other entities such as investment and retirement should be included in Circular 230 outlines. These firms also have an obligation to their clients that the information that they are providing them is free of events that could lead to misrepresentation of tax paperwork. For example, with the new secure act for a qualified individual retirement accounts of a non-spouse beneficiary, it is the obligation of the receiving company for the incoming funds and the individuals agent to inform them that funds will need to be liquidated within ten years to avoid tax implications. Providing necessary information to clients is essential to help them avoid unnecessary audits from the IRS.