what options does a taxpayer have after the notice of deficiency has been issued and the tax assessed is paid? - Answer-the taxpayer can petition the tax court for review even though the tax has been paid
barbara is an EA who only prepares tax returns. one of her clients was audited by the IRS a...
Enrolled Agent EXAM Questions and
Answers
what options does a taxpayer have after the notice of deficiency has been issued and
the tax assessed is paid? - Answer-the taxpayer can petition the tax court for review
even though the tax has been paid
barbara is an EA who only prepares tax returns. one of her clients was audited by the
IRS and a substantial income tax deficiency resulted. Barbara was determined by the
IRS to be a tax return preparer and a preparer penalty was assessed. which action is
available to barbara? - Answer-barbara can contest the validity of the penalty in district
court by paying at least 15% of the assessed penalty
taxpayers can authorize tax payments using most major credit or debit cards via the
internet; this service generally is available through a service provider. what is correct
about this service? - Answer-the service provider should inform the taxpayer of the
convenience fee before the tax return is filed
what is the penalty if you understate your income tax because you show negligence or
disregard of the rules or regulations? - Answer-20% of the underpayment
after the issuance of a statutory notice of deficiency, failure to timely file a petition with
the tax court will result in what? - Answer-the IRS will assess the tax it says the
taxpayer owes
what tax credit being claimed by a taxpayer on their 2021 tax return requires the paid
preparer to file form 8867, paid preparer's due diligence checklist, with the taxpayer's
tax return? - Answer-HOH, earned income tax credit, child tax credit
what returns can be filed electronically? - Answer-current year tax returns and 2
previous years' tax returns. (starting with 2019, individual amended tax returns can be
filed electronically)
a lien is a legal claim to property as security or payment for a tax debt. when can it be
filed? - Answer-after the taxpayer does not pay their first bill for taxes due
what is not published in internal revenue bulletins? - Answer-private letter rulings
how many days after a collections due process hearing with the office of appeals to
discuss an IRS levy or lien does a taxpayer have to seek review of the determination? -
Answer-30 days from the date of determination
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