Enrolled Agent Exam Part 3
What information does a preparer need to maintain for each return done? - Answer -A preparer must
maintain the taxpayer's name, tax ID number, taxable year of the taxpayer, name of the preparer, and
the type of return or claim for refund prepared.
Can you prepare tax returns when you are suspended from Practice before the IRS? - Answer -Yes
because preparing tax returns is not considered "practice before the IRS."
What are you required to do every year in order to participate in the Annual Filing Season Program and
to get a Record of Completion certificate? - Answer -You must:
- Take 18 hours of continuing education from IRS-Approved CE Providers including: a six hour annual
federal tax refresher course that covers filing 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 front of the IRS without a power of attorney? - Answer -Immediate
family members (spouse, child, sibling or parent) can represent an individual but they cannot sign a
power of attorney to authorize somebody else to represent the individual.
, By signing a form 2848, the representative declares under penalties of perjury that he or she is aware of
what? - Answer -The regulation in Treasury Department Circular No. 230.
When researching tax law for specific situations, what are considered reliable sources of information? -
Answer -- The Internal Revenue Code
- The Treasury Regulations
- Revenue Rulings
- Revenue Procedures
- Written Determinations
- Announcement and Notices
- Court Rulings
- The Congressional Bill or Law
- Congressional Committee Reports
When applying for an installment agreement, when is form 433-F, Collection Information Statement,
required to be filed? - Answer -The Collection Information Statement is required to be filed when you
owe less that $50,000.
How long does the IRS have to release the lien after the taxpayer satisfies the amount of tax due? -
Answer -30 days
When is the IRS able to file a tax lien? - Answer -The lien may be filed when the tax is assessed and the
tax not paid within 10 days of receiving the bill.
How long after the assessment of tax can the IRS collect outstanding taxes? - Answer -10 years
What information can an authorized e-file provider update with the IRS by letter instead of online? -
Answer -- If the e-file provider is selling, transferring, or otherwise discontinuing its e-file business.
- All contact information
- Contact persons
- Form types to be e-filed
What information does a preparer need to maintain for each return done? - Answer -A preparer must
maintain the taxpayer's name, tax ID number, taxable year of the taxpayer, name of the preparer, and
the type of return or claim for refund prepared.
Can you prepare tax returns when you are suspended from Practice before the IRS? - Answer -Yes
because preparing tax returns is not considered "practice before the IRS."
What are you required to do every year in order to participate in the Annual Filing Season Program and
to get a Record of Completion certificate? - Answer -You must:
- Take 18 hours of continuing education from IRS-Approved CE Providers including: a six hour annual
federal tax refresher course that covers filing 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 front of the IRS without a power of attorney? - Answer -Immediate
family members (spouse, child, sibling or parent) can represent an individual but they cannot sign a
power of attorney to authorize somebody else to represent the individual.
, By signing a form 2848, the representative declares under penalties of perjury that he or she is aware of
what? - Answer -The regulation in Treasury Department Circular No. 230.
When researching tax law for specific situations, what are considered reliable sources of information? -
Answer -- The Internal Revenue Code
- The Treasury Regulations
- Revenue Rulings
- Revenue Procedures
- Written Determinations
- Announcement and Notices
- Court Rulings
- The Congressional Bill or Law
- Congressional Committee Reports
When applying for an installment agreement, when is form 433-F, Collection Information Statement,
required to be filed? - Answer -The Collection Information Statement is required to be filed when you
owe less that $50,000.
How long does the IRS have to release the lien after the taxpayer satisfies the amount of tax due? -
Answer -30 days
When is the IRS able to file a tax lien? - Answer -The lien may be filed when the tax is assessed and the
tax not paid within 10 days of receiving the bill.
How long after the assessment of tax can the IRS collect outstanding taxes? - Answer -10 years
What information can an authorized e-file provider update with the IRS by letter instead of online? -
Answer -- If the e-file provider is selling, transferring, or otherwise discontinuing its e-file business.
- All contact information
- Contact persons
- Form types to be e-filed
