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Enrolled Agent SEE Part 3 Exam Questions and Answers
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Enrolled Agent SEE Part 3 Exam Questions and Answers
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Enrolled Agent SEE Part 3 ExamQuestions and Answers
Form h433-A h- hCorrect hAnswers h-Collection hInformation hStatement hfor hWage
hEarners hand hSelf-Employed hIndividuals
Form h8863 h- hCorrect hAnswers h-Education hCredits h(American hOpportunity hand
hLifetime hLearning hCredit)
Form h4868 h- hCorrect hAnswers h-Application hfor hAutomatic hExtension hof hTime hTo
hFile hU.S. hIndividual hIncome hTax hReturn
Form h8879 h- hCorrect hAnswers h-IRS he-file hSignature hAuthorization
Fiduciary h- hCorrect hAnswers h-relating hto hthe hgoverning hof hproperty hor hestate hon
hbehalf hof hothers
Taxpayer hAdvocate hService h- hCorrect hAnswers h-a hservice hknown has hthe
htaxpayer's hvoice hto hthe hIRS. hassists htaxpayers hby hmaking hsure hthey hare htreated
hfairly hand hunderstand htheir hrights
Accuracy-Related hPenalty h- hCorrect hAnswers h-A hpenalty hof h20% hof hthe
hunderpayment hamount himposed hon htaxpayers hwho hfile hincorrect htax hreturns hin
hcertain hsituations, hincluding h: hnegligence, hsubstantial hvaluation hmisstatements,
hsubstantial hoverstatement hof hpension hliabilities, hclaim hof htax hbenefit hfrom
htransaction hlacking heconomic hsubstance
economic hsubstance hdoctrine h- hCorrect hAnswers h-doctrine hthat hrequires
htransactions hto hmeaningfully hchange ha htaxpayer's heconomic hposition hand hto hhave
ha hsubstantial hpurpose h(apart hfrom ha hfederal hincome htax hpurpose) hin horder hfor ha
htaxpayer hto hobtain htax hbenefits.
Form h2848 h- hCorrect hAnswers h-Power hof hAttorney hand hDeclaration hof
hRepresentative
Form h4598 h- hCorrect hAnswers h-a hform hissued hby hthe hIRS hto hindicate hthe
htaxpayer hhas hnot hreceived hw2, h1099, hor h1098
, form h8082 h- hCorrect hAnswers h-Notice hof hInconsistent hTreatment hor hAdministrative
hAdjustment hRecord; hused hto hreport hsituations hwhere han hS hCorporation
hshareholder hreturn hwill hbe hinconsistent hwith hthe hcorporate hreturn hor ha hpartners
hreturn hwill hbe hinconsistent hwith hthe hpartnership hreturn
form h8867 h- hCorrect hAnswers h-Paid hPreparer's hEIC hChecklist
injunction h- hCorrect hAnswers h-An horder hwhich hlegally hprevents han hindividual hfrom
hparticipating hin hcertain hacts
Substantial hAuthority h- hCorrect hAnswers h-There his hsubstantial hauthority hfor hthe htax
htreatment hof han hitem hif hthe htreatment his hsupported hby hcontrolling hprecedent hof ha
hUS hCourt hof hAppeals hto hwhich hthe htaxpayer hhas ha hright hof happeal hwith hrespect
hto hthe hitem.
Substantial hunderstatement h- hCorrect hAnswers h-General hrule: h20% hof
hunderpayment hattributable hto hsubstantial hunderstatement h(portion hfor hwhich hno
hsubstantial hauthority hand hno hdisclosure hexists)
tax hshelter h- hCorrect hAnswers h-Any hmethod hof hreducing htaxable hincome hresulting
hin ha hreduction hof hthe hpayments hto htax hcollecting hentities, hincluding hstate hand
hfederal hgovernments.
Accrual hBasis hAccounting h- hCorrect hAnswers h-reporting hincome hwhen hit his hearned
hand hexpenses hwhen hthey hare hincurred
Cash hMethod hof hAccounting h- hCorrect hAnswers h-An hoverall hmethod hof haccounting
hunder hwhich hrevenue his haccounted hfor hwhen hpayment his hreceived hand hexpenses
hare haccounted hfor hwhen hpayment his hmade.
centralized hauthorization hfile h- hCorrect hAnswers h-computer hfile hcontaining
hinformation hregarding hauthority hof hindividuals happointed hunder hpowers hof hattorney
hor hdesignated hunder hthe htax hinformation hauthorization hsystem
FORM h8821
TAX hINFORMATION hAUTHORIZATION h- hCorrect hAnswers h-a hform hthat hmust hbe
hfiled hfor ha hrepresentative hto hinspect hconfidential hinformation hon hbehalf hof hthe
htaxpayer, hunless hthe hrepresentative hhas hfiled ha hPOA
Constructive hReceipt h- hCorrect hAnswers h-The hpoint hat hwhich ha htaxpayer hhas
hunrestricted haccess hto hand hcontrol hof hincome, heven hif hthe hincome hitem his hnot hin
hthe htaxpayer's hactual hpossession.
durable hpower hof hattorney h- hCorrect hAnswers h-Power hof hattorney hintended hto
hcontinue hto hbe heffective/take heffect hafter hprincipal hincapacitated
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