IRS Enrolled Agent Part 3 Unit 4 TEST Exam Questions and Answers
0 view 0 purchase
Course
EA - Enrolled Agent
Institution
EA - Enrolled Agent
If a practitioner knows that a client has filed an erroneous tax return, he is required to:
A. Correct the error.
B. Advise the client about the error and the consequences of not correcting the error.
C. Do nothing if he was not the one who prepared the erroneous return.
D. Inform the IRS abo...
IRS Enrolled Agent Part 3 Unit 4 TEST
Exam Questions and Answers
If a practitioner knows that a client has filed an erroneous tax return, he is required to:
A. Correct the error.
B. Advise the client about the error and the consequences of not correcting the error.
C. Do nothing if he was not the one who prepared the erroneous return.
D. Inform the IRS about the error. - Answer-B
Which does not constitute a "best practice" for practitioners under the guidelines of
Circular 230?
A. Consulting other professionals when questions arise about a particular tax issue.
B. Acting fairly and with integrity in practice before the IRS.
C. Communicating clearly with the client regarding the terms of the engagement.
D. Advising the client regarding the consequences of advice rendered. - Answer-A
Melanie is an EA who submits her clients' returns via IRS e-file. In order to save paper,
she does not give a copy of the prepared tax return to her clients if they do not request
it. Melanie allows her clients to have a copy of the return, so long as they pay a small
fee. Which of the following statements is correct?
A. Melanie is not in violation of Circular 230.
B. Melanie is in violation of Circular 230.
C. Melanie is not in violation of Circular 230 if she gives clients the option of receiving a
copy of their return for a small fee.
D. Melanie cannot offer a copy of the return to a client unless the client requests it. -
Answer-B
Which of the following statements is correct regarding practitioners?
A. Practitioners cannot notarize documents of the clients they represent before the IRS.
B. Practitioners cannot be notaries.
C. Practitioners are required to be notaries.
D. A notary who is also a practitioner will not be eligible for the e-file program. - Answer-
A
Which of the following statements is correct regarding a client's request for his original
records in order to comply with his federal tax obligations?
A. The practitioner may choose not to return records to the client even if the client
requests their prompt return.
B. A fee dispute relieves the practitioner of his responsibility to return a client's records.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
