Enrolled agent part 3 2024-2025 || Acknowledged Answers 100%.
Form 2848 correct answers Power of Attorney and Declaration of Representative
TP authorizes specific individual to receive confidential tax information and perform the actions
details on the form
Stolen Identity Refund Fraud correct answers Tax refund fraud
Title 26 correct answers Internal Revenue Code - main body of tax law of the United States
Title 31 correct answers Bank Secrecy Act - for FBAR and international financial reporting laws
Regulation of practice of representatives before the Dept of Treasury (including IRS) and
determinators of practitioner "fitness" to practice
Legislative branch correct answers Makes laws (Congress)
Executive branch correct answers Carries out laws (President)
Judicial branch correct answers Evaluates laws, determines whether tax law is constitutional
US Treasury Department correct answers Collects taxes through the IRS
IRS correct answers Federal agency that enforces tax law, administers Internal Revenue Code,
translates law into detailed regulations, rules, and procedures
Collection arm of US Treasury Dept
,IRS Documentation in order of importance correct answers Treasury Regulations
Revenue Rulings
Revenue Procedures
Private letter rulings
Technical advice memoranda (TAMs)
IRS notices
Primary authority correct answers Internal Revenue Code, decisions by US Supreme Court, and
international tax treaties
Substantial Authority correct answers TO serve as the basis for interpretation of current tax law
and to establish precedents for the future
- Temporary and final Treasury Regulations
- Court Cases
- Administrative pronouncements
- Congressional intent as reflected in committee reports
- Press releases, notices, similar documents published by IRS in Internal Revenue Bulletin
(Excludes IRS publications)
Treasury Regulation correct answers US Treasury Dept's official interpretation of the IRC
Steps to publish a Treasury Regulation correct answers 1) Published in Federal Register
2) Regulations are organized by subject matter and codified in the Code of Federal Regulations
(CFR)
- Legislative regulations
- Interpretive regulations
,- Procedural regulations
Legislative regulation correct answers Highest degree of authority - generally carries same
authority as the law
Interpretive regulation correct answers Issued under IRS' general authority to interpret the IRC,
explains meaning of portion of code
Revenue ruling correct answers Intended to promote uniform application of IRC, can be used as
guidance to avoid certain accuracy-related penalties, not binding in court
Revenue procedures correct answers Official IS statements of procedure that affect the rights or
duties of TPs under IRC
- Explains Revenue Ruling in detail
Large Business & International Division correct answers Corporations with assets > $10M
Small Business/Self-Employed Division correct answers - Small corps and parternships with
assets < $10M
- Filers of gift, estate, excise, employment, and fiduciary returns
- Individuals filing income tax return with Sch C, E, F, or employee business expenses (Form
2106)
Wage and Investment Division correct answers Individuals with wage and investment income
only filing individual return without Schedule C, E, F
Tax-Exempt and Government Entities Division correct answers - Employee plans (including
IRAs) with filing requirement
- Exempt organizations
- Government entities
, Taxpayer Advocate Service correct answers Separate, independent org within the IRS whose goal
is to help TPs resolve problems with the IRS
Right to Privacy and Confidentiality correct answers IRS will not disclose to anyone the info a
TP provides, except as authorized by law
Who can represent TPs before the IRS? correct answers - Attorneys
- EAs
- CPAs
- Enrolled actuaries (limited to area of expertise)
- Enrolled Retirement Plan Agents (limited to area of expertise)
AFSP Record of Completion requirements correct answers - Minimum 18 hours of continuing
education, including 6 hour annual Federal Tax Refresher course
- Passed knowledge-based comprehension test administered by CE provider at end of course
- Current PTIN
- Consented to duties and restrictions relating to practice before IRS Circular 230
Individuals exempt from AFSP record of completion course correct answers - State-based return
preparer program participants
- Passed SEE Part 1 in past 2 years
- RTRP test passers
- VITA/TCE volunteers
- Other accredited tax-focused credential holders
Still must have taken 15 hours of qualifying CE courses during the year
Form 2848 correct answers Power of Attorney and Declaration of Representative
TP authorizes specific individual to receive confidential tax information and perform the actions
details on the form
Stolen Identity Refund Fraud correct answers Tax refund fraud
Title 26 correct answers Internal Revenue Code - main body of tax law of the United States
Title 31 correct answers Bank Secrecy Act - for FBAR and international financial reporting laws
Regulation of practice of representatives before the Dept of Treasury (including IRS) and
determinators of practitioner "fitness" to practice
Legislative branch correct answers Makes laws (Congress)
Executive branch correct answers Carries out laws (President)
Judicial branch correct answers Evaluates laws, determines whether tax law is constitutional
US Treasury Department correct answers Collects taxes through the IRS
IRS correct answers Federal agency that enforces tax law, administers Internal Revenue Code,
translates law into detailed regulations, rules, and procedures
Collection arm of US Treasury Dept
,IRS Documentation in order of importance correct answers Treasury Regulations
Revenue Rulings
Revenue Procedures
Private letter rulings
Technical advice memoranda (TAMs)
IRS notices
Primary authority correct answers Internal Revenue Code, decisions by US Supreme Court, and
international tax treaties
Substantial Authority correct answers TO serve as the basis for interpretation of current tax law
and to establish precedents for the future
- Temporary and final Treasury Regulations
- Court Cases
- Administrative pronouncements
- Congressional intent as reflected in committee reports
- Press releases, notices, similar documents published by IRS in Internal Revenue Bulletin
(Excludes IRS publications)
Treasury Regulation correct answers US Treasury Dept's official interpretation of the IRC
Steps to publish a Treasury Regulation correct answers 1) Published in Federal Register
2) Regulations are organized by subject matter and codified in the Code of Federal Regulations
(CFR)
- Legislative regulations
- Interpretive regulations
,- Procedural regulations
Legislative regulation correct answers Highest degree of authority - generally carries same
authority as the law
Interpretive regulation correct answers Issued under IRS' general authority to interpret the IRC,
explains meaning of portion of code
Revenue ruling correct answers Intended to promote uniform application of IRC, can be used as
guidance to avoid certain accuracy-related penalties, not binding in court
Revenue procedures correct answers Official IS statements of procedure that affect the rights or
duties of TPs under IRC
- Explains Revenue Ruling in detail
Large Business & International Division correct answers Corporations with assets > $10M
Small Business/Self-Employed Division correct answers - Small corps and parternships with
assets < $10M
- Filers of gift, estate, excise, employment, and fiduciary returns
- Individuals filing income tax return with Sch C, E, F, or employee business expenses (Form
2106)
Wage and Investment Division correct answers Individuals with wage and investment income
only filing individual return without Schedule C, E, F
Tax-Exempt and Government Entities Division correct answers - Employee plans (including
IRAs) with filing requirement
- Exempt organizations
- Government entities
, Taxpayer Advocate Service correct answers Separate, independent org within the IRS whose goal
is to help TPs resolve problems with the IRS
Right to Privacy and Confidentiality correct answers IRS will not disclose to anyone the info a
TP provides, except as authorized by law
Who can represent TPs before the IRS? correct answers - Attorneys
- EAs
- CPAs
- Enrolled actuaries (limited to area of expertise)
- Enrolled Retirement Plan Agents (limited to area of expertise)
AFSP Record of Completion requirements correct answers - Minimum 18 hours of continuing
education, including 6 hour annual Federal Tax Refresher course
- Passed knowledge-based comprehension test administered by CE provider at end of course
- Current PTIN
- Consented to duties and restrictions relating to practice before IRS Circular 230
Individuals exempt from AFSP record of completion course correct answers - State-based return
preparer program participants
- Passed SEE Part 1 in past 2 years
- RTRP test passers
- VITA/TCE volunteers
- Other accredited tax-focused credential holders
Still must have taken 15 hours of qualifying CE courses during the year
