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Enrolled Agent SEE Part 3 Questions
and Answers 100% Pass
Form 433-A - ✔✔Collection Information Statement for Wage Earners and Self-Employed Individuals
Form 8863 - ✔✔Education Credits (American Opportunity and Lifetime Learning Credit)
Form 4868 - ✔✔Application for Automatic Extension of Time To File U.S. Individual Income Tax Return
Form 8879 - ✔✔IRS e-file Signature Authorization
Fiduciary - ✔✔relating to the governing of property or estate on behalf of others
Taxpayer Advocate Service - ✔✔a service known as the taxpayer's voice to the IRS. assists taxpayers by
making sure they are treated fairly and understand their rights
Accuracy-Related Penalty - ✔✔A penalty of 20% of the underpayment amount imposed on taxpayers
who file incorrect tax returns in certain situations, including : negligence, substantial valuation
misstatements, substantial overstatement of pension liabilities, claim of tax benefit from transaction
lacking economic substance
economic substance doctrine - ✔✔doctrine that requires transactions to meaningfully change a taxpayer's
economic position and to have a substantial purpose (apart from a federal income tax purpose) in order
for a taxpayer to obtain tax benefits.
Form 2848 - ✔✔Power of Attorney and Declaration of Representative
Form 4598 - ✔✔a form issued by the IRS to indicate the taxpayer has not received w2, 1099, or 1098
Emily Charlene © 2025, All Rights Reserved.
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form 8082 - ✔✔Notice of Inconsistent Treatment or Administrative Adjustment Record; used to report
situations where an S Corporation shareholder return will be inconsistent with the corporate return or a
partners return will be inconsistent with the partnership return
form 8867 - ✔✔Paid Preparer's EIC Checklist
injunction - ✔✔An order which legally prevents an individual from participating in certain acts
Substantial Authority - ✔✔There is substantial authority for the tax treatment of an item if the treatment
is supported by controlling precedent of a US Court of Appeals to which the taxpayer has a right of
appeal with respect to the item.
Substantial understatement - ✔✔General rule: 20% of underpayment attributable to substantial
understatement (portion for which no substantial authority and no disclosure exists)
tax shelter - ✔✔Any method of reducing taxable income resulting in a reduction of the payments to tax
collecting entities, including state and federal governments.
Accrual Basis Accounting - ✔✔reporting income when it is earned and expenses when they are incurred
Cash Method of Accounting - ✔✔An overall method of accounting under which revenue is accounted for
when payment is received and expenses are accounted for when payment is made.
centralized authorization file - ✔✔computer file containing information regarding authority of
individuals appointed under powers of attorney or designated under the tax information authorization
system
FORM 8821
TAX INFORMATION AUTHORIZATION - ✔✔a form that must be filed for a representative to inspect
confidential information on behalf of the taxpayer, unless the representative has filed a POA
Emily Charlene © 2025, All Rights Reserved.
Enrolled Agent SEE Part 3 Questions
and Answers 100% Pass
Form 433-A - ✔✔Collection Information Statement for Wage Earners and Self-Employed Individuals
Form 8863 - ✔✔Education Credits (American Opportunity and Lifetime Learning Credit)
Form 4868 - ✔✔Application for Automatic Extension of Time To File U.S. Individual Income Tax Return
Form 8879 - ✔✔IRS e-file Signature Authorization
Fiduciary - ✔✔relating to the governing of property or estate on behalf of others
Taxpayer Advocate Service - ✔✔a service known as the taxpayer's voice to the IRS. assists taxpayers by
making sure they are treated fairly and understand their rights
Accuracy-Related Penalty - ✔✔A penalty of 20% of the underpayment amount imposed on taxpayers
who file incorrect tax returns in certain situations, including : negligence, substantial valuation
misstatements, substantial overstatement of pension liabilities, claim of tax benefit from transaction
lacking economic substance
economic substance doctrine - ✔✔doctrine that requires transactions to meaningfully change a taxpayer's
economic position and to have a substantial purpose (apart from a federal income tax purpose) in order
for a taxpayer to obtain tax benefits.
Form 2848 - ✔✔Power of Attorney and Declaration of Representative
Form 4598 - ✔✔a form issued by the IRS to indicate the taxpayer has not received w2, 1099, or 1098
Emily Charlene © 2025, All Rights Reserved.
, 2|Page
form 8082 - ✔✔Notice of Inconsistent Treatment or Administrative Adjustment Record; used to report
situations where an S Corporation shareholder return will be inconsistent with the corporate return or a
partners return will be inconsistent with the partnership return
form 8867 - ✔✔Paid Preparer's EIC Checklist
injunction - ✔✔An order which legally prevents an individual from participating in certain acts
Substantial Authority - ✔✔There is substantial authority for the tax treatment of an item if the treatment
is supported by controlling precedent of a US Court of Appeals to which the taxpayer has a right of
appeal with respect to the item.
Substantial understatement - ✔✔General rule: 20% of underpayment attributable to substantial
understatement (portion for which no substantial authority and no disclosure exists)
tax shelter - ✔✔Any method of reducing taxable income resulting in a reduction of the payments to tax
collecting entities, including state and federal governments.
Accrual Basis Accounting - ✔✔reporting income when it is earned and expenses when they are incurred
Cash Method of Accounting - ✔✔An overall method of accounting under which revenue is accounted for
when payment is received and expenses are accounted for when payment is made.
centralized authorization file - ✔✔computer file containing information regarding authority of
individuals appointed under powers of attorney or designated under the tax information authorization
system
FORM 8821
TAX INFORMATION AUTHORIZATION - ✔✔a form that must be filed for a representative to inspect
confidential information on behalf of the taxpayer, unless the representative has filed a POA
Emily Charlene © 2025, All Rights Reserved.
