ENROLLED AGENT EXAM PART 3 EXAM
WITH ALL GRADE “A” SOLUTIONS
What hinformation hdoes ha hpreparer hneed hto hmaintain hfor heach hreturn hdone? h-
hcorrect hanswers-A hpreparer hmust hmaintain hthe htaxpayer's hname, htax hID
hnumber, htaxable hyear hof hthe htaxpayer, hname hof hthe hpreparer, hand hthe htype
hof hreturn hor hclaim hfor hrefund hprepared.
Can hyou hprepare htax hreturns hwhen hyou hare hsuspended hfrom hPractice hbefore
hthe hIRS? h- hcorrect hanswers-Yes hbecause hpreparing htax hreturns his hnot
hconsidered h"practice hbefore hthe hIRS."
, What hare hyou hrequired hto hdo hevery hyear hin horder hto hparticipate hin hthe
hAnnual hFiling hSeason hProgram hand hto hget ha hRecord hof hCompletion
hcertificate? h- hcorrect hanswers-You hmust:
- hTake h18 hhours hof hcontinuing heducation hfrom hIRS-Approved hCE hProviders
hincluding: ha hsix hhour hannual hfederal htax hrefresher hcourse hthat hcovers hfiling
hseason hissues hand htax hlaw hupdates, has hwell has ha hknowledge-based
hcomprehension htest hadministered hat hthe hend hof hthe hcourse hby hthe hCE
hProvider; hTen hhours hof hother hfederal htax hlaw htopics hand; hTwo hhours hof
hethics.
- hHave han hactive hPTIN.
- hConsent hto hadhere hto hspecific hpractice hobligations houtlined hin hSubpart hB
hand hsection h10.51 hof hTreasury hDepartment hCircular hNo. h230.
Who hcan hrepresent han hindividual hin hfront hof hthe hIRS hwithout ha hpower hof
hattorney? h- hcorrect hanswers-Immediate hfamily hmembers h(spouse, hchild, hsibling
hor hparent) hcan hrepresent han hindividual hbut hthey hcannot hsign ha hpower hof
hattorney hto hauthorize hsomebody helse hto hrepresent hthe hindividual.
By hsigning ha hform h2848, hthe hrepresentative hdeclares hunder hpenalties hof
hperjury hthat hhe hor hshe his haware hof hwhat? h- hcorrect hanswers-The hregulation
hin hTreasury hDepartment hCircular hNo. h230.
When hresearching htax hlaw hfor hspecific hsituations, hwhat hare hconsidered
hreliable hsources hof hinformation? h- hcorrect hanswers-- hThe hInternal hRevenue
hCode
- hThe hTreasury hRegulations
- hRevenue hRulings
- hRevenue hProcedures
- hWritten hDeterminations
- hAnnouncement hand hNotices
- hCourt hRulings
- hThe hCongressional hBill hor hLaw
- hCongressional hCommittee hReports
When happlying hfor han hinstallment hagreement, hwhen his hform h433-F, hCollection
hInformation hStatement, hrequired hto hbe hfiled? h- hcorrect hanswers-The hCollection
hInformation hStatement his hrequired hto hbe hfiled hwhen hyou howe hless hthat
h$50,000.
How hlong hdoes hthe hIRS hhave hto hrelease hthe hlien hafter hthe htaxpayer
hsatisfies hthe hamount hof htax hdue? h- hcorrect hanswers-30 hdays
When his hthe hIRS hable hto hfile ha htax hlien? h- hcorrect hanswers-The hlien hmay
hbe hfiled hwhen hthe htax his hassessed hand hthe htax hnot hpaid hwithin h10 hdays
hof hreceiving hthe hbill.
WITH ALL GRADE “A” SOLUTIONS
What hinformation hdoes ha hpreparer hneed hto hmaintain hfor heach hreturn hdone? h-
hcorrect hanswers-A hpreparer hmust hmaintain hthe htaxpayer's hname, htax hID
hnumber, htaxable hyear hof hthe htaxpayer, hname hof hthe hpreparer, hand hthe htype
hof hreturn hor hclaim hfor hrefund hprepared.
Can hyou hprepare htax hreturns hwhen hyou hare hsuspended hfrom hPractice hbefore
hthe hIRS? h- hcorrect hanswers-Yes hbecause hpreparing htax hreturns his hnot
hconsidered h"practice hbefore hthe hIRS."
, What hare hyou hrequired hto hdo hevery hyear hin horder hto hparticipate hin hthe
hAnnual hFiling hSeason hProgram hand hto hget ha hRecord hof hCompletion
hcertificate? h- hcorrect hanswers-You hmust:
- hTake h18 hhours hof hcontinuing heducation hfrom hIRS-Approved hCE hProviders
hincluding: ha hsix hhour hannual hfederal htax hrefresher hcourse hthat hcovers hfiling
hseason hissues hand htax hlaw hupdates, has hwell has ha hknowledge-based
hcomprehension htest hadministered hat hthe hend hof hthe hcourse hby hthe hCE
hProvider; hTen hhours hof hother hfederal htax hlaw htopics hand; hTwo hhours hof
hethics.
- hHave han hactive hPTIN.
- hConsent hto hadhere hto hspecific hpractice hobligations houtlined hin hSubpart hB
hand hsection h10.51 hof hTreasury hDepartment hCircular hNo. h230.
Who hcan hrepresent han hindividual hin hfront hof hthe hIRS hwithout ha hpower hof
hattorney? h- hcorrect hanswers-Immediate hfamily hmembers h(spouse, hchild, hsibling
hor hparent) hcan hrepresent han hindividual hbut hthey hcannot hsign ha hpower hof
hattorney hto hauthorize hsomebody helse hto hrepresent hthe hindividual.
By hsigning ha hform h2848, hthe hrepresentative hdeclares hunder hpenalties hof
hperjury hthat hhe hor hshe his haware hof hwhat? h- hcorrect hanswers-The hregulation
hin hTreasury hDepartment hCircular hNo. h230.
When hresearching htax hlaw hfor hspecific hsituations, hwhat hare hconsidered
hreliable hsources hof hinformation? h- hcorrect hanswers-- hThe hInternal hRevenue
hCode
- hThe hTreasury hRegulations
- hRevenue hRulings
- hRevenue hProcedures
- hWritten hDeterminations
- hAnnouncement hand hNotices
- hCourt hRulings
- hThe hCongressional hBill hor hLaw
- hCongressional hCommittee hReports
When happlying hfor han hinstallment hagreement, hwhen his hform h433-F, hCollection
hInformation hStatement, hrequired hto hbe hfiled? h- hcorrect hanswers-The hCollection
hInformation hStatement his hrequired hto hbe hfiled hwhen hyou howe hless hthat
h$50,000.
How hlong hdoes hthe hIRS hhave hto hrelease hthe hlien hafter hthe htaxpayer
hsatisfies hthe hamount hof htax hdue? h- hcorrect hanswers-30 hdays
When his hthe hIRS hable hto hfile ha htax hlien? h- hcorrect hanswers-The hlien hmay
hbe hfiled hwhen hthe htax his hassessed hand hthe htax hnot hpaid hwithin h10 hdays
hof hreceiving hthe hbill.
