Enrolled Agent Exam Part 3 EXAM QUESTIONS
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Terms in this set (76)
What information does a preparer A preparer must maintain the taxpayer's name, tax
need to maintain for each return ID number, taxable year of the taxpayer, name of
done? the preparer, and the type of return or claim for
refund prepared.
Can you prepare tax returns when Yes because preparing tax returns is not
you are suspended from Practice considered "practice before the IRS."
before the IRS?
,What are you required to do every You must:
year in order to participate in the - Take 18 hours of continuing education from IRS-
Annual Filing Season Program and to Approved CE Providers including: a six hour annual
get a Record of Completion federal tax refresher course that covers filing
certificate? season issues and tax law updates, as well as a
knowledge-based comprehension test
administered at the end of the course by the CE
Provider; Ten hours of other federal tax law topics
and; Two hours of ethics.
- Have an active PTIN.
- Consent to adhere to specific practice
obligations outlined in Subpart B and section 10.51
of Treasury Department Circular No. 230.
Who can represent an individual in Immediate family members (spouse, child, sibling
front of the IRS without a power of or parent) can represent an individual but they
attorney? cannot sign a power of attorney to authorize
somebody else to represent the individual.
By signing a form 2848, the The regulation in Treasury Department Circular No.
representative declares under 230.
penalties of perjury that he or she is
aware of what?
When researching tax law for - The Internal Revenue Code
specific situations, what are - The Treasury Regulations
considered reliable sources of - Revenue Rulings
information? - Revenue Procedures
- Written Determinations
- Announcement and Notices
- Court Rulings
- The Congressional Bill or Law
- Congressional Committee Reports
, When applying for an installment The Collection Information Statement is required to
agreement, when is form 433-F, be filed when you owe less that $50,000.
Collection Information Statement,
required to be filed?
How long does the IRS have to 30 days
release the lien after the taxpayer
satisfies the amount of tax due?
When is the IRS able to file a tax The lien may be filed when the tax is assessed and
lien? the tax not paid within 10 days of receiving the bill.
How long after the assessment of tax 10 years
can the IRS collect outstanding
taxes?
What information can an authorized - If the e-file provider is selling, transferring, or
e-file provider update with the IRS otherwise discontinuing its e-file business.
by letter instead of online? - All contact information
- Contact persons
- Form types to be e-filed
- Transmission protocols
- Adding federal/state e-file
- Changes to foreign filer information
- Provider options
What is CNC (currently not This is a very special arrangement where the IRS
collectible) status? suspends all collections activity. You can get this if
the IRS decides that collecting the taxes owed
would cause you "hardship" as it is defined by the
IRS.
AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A+ (MOST RECENT!!)
Save
Terms in this set (76)
What information does a preparer A preparer must maintain the taxpayer's name, tax
need to maintain for each return ID number, taxable year of the taxpayer, name of
done? the preparer, and the type of return or claim for
refund prepared.
Can you prepare tax returns when Yes because preparing tax returns is not
you are suspended from Practice considered "practice before the IRS."
before the IRS?
,What are you required to do every You must:
year in order to participate in the - Take 18 hours of continuing education from IRS-
Annual Filing Season Program and to Approved CE Providers including: a six hour annual
get a Record of Completion federal tax refresher course that covers filing
certificate? season issues and tax law updates, as well as a
knowledge-based comprehension test
administered at the end of the course by the CE
Provider; Ten hours of other federal tax law topics
and; Two hours of ethics.
- Have an active PTIN.
- Consent to adhere to specific practice
obligations outlined in Subpart B and section 10.51
of Treasury Department Circular No. 230.
Who can represent an individual in Immediate family members (spouse, child, sibling
front of the IRS without a power of or parent) can represent an individual but they
attorney? cannot sign a power of attorney to authorize
somebody else to represent the individual.
By signing a form 2848, the The regulation in Treasury Department Circular No.
representative declares under 230.
penalties of perjury that he or she is
aware of what?
When researching tax law for - The Internal Revenue Code
specific situations, what are - The Treasury Regulations
considered reliable sources of - Revenue Rulings
information? - Revenue Procedures
- Written Determinations
- Announcement and Notices
- Court Rulings
- The Congressional Bill or Law
- Congressional Committee Reports
, When applying for an installment The Collection Information Statement is required to
agreement, when is form 433-F, be filed when you owe less that $50,000.
Collection Information Statement,
required to be filed?
How long does the IRS have to 30 days
release the lien after the taxpayer
satisfies the amount of tax due?
When is the IRS able to file a tax The lien may be filed when the tax is assessed and
lien? the tax not paid within 10 days of receiving the bill.
How long after the assessment of tax 10 years
can the IRS collect outstanding
taxes?
What information can an authorized - If the e-file provider is selling, transferring, or
e-file provider update with the IRS otherwise discontinuing its e-file business.
by letter instead of online? - All contact information
- Contact persons
- Form types to be e-filed
- Transmission protocols
- Adding federal/state e-file
- Changes to foreign filer information
- Provider options
What is CNC (currently not This is a very special arrangement where the IRS
collectible) status? suspends all collections activity. You can get this if
the IRS decides that collecting the taxes owed
would cause you "hardship" as it is defined by the
IRS.
