Course Information
Enrolled Agents: Practices and Procedures
Course Information
| Title: | Enrolled Agents: Practices and Procedures |
|---|---|
| Category: | Ethics |
| Field of Study: | Regulatory Ethics |
| Course Code: | M003 |
| CPE Credits: | 2.0 |
| Price: | 29.00 |
Description
Description:
The Internal Revenue Service routinely processes more than 200 million tax returns each year, many of them prepared by tax professionals. Not surprisingly, as tax law becomes increasingly complex, taxpayers often seek the knowledgeable assistance of enrolled agents and other professionals in their preparation. To help ensure enrolled agents and other professionals understand their ethical responsibilities in representing their clients before the IRS and in preparing tax returns, the IRS has published Treasury Department Circular 230. Circular 230 offers substantial guidance by: -Setting forth rules relating to the authority to practice before the IRS; and -Identifying the duties and restrictions relating to such practice. This course will examine the principal rules, duties and restrictions applicable to enrolled agents in their professional activities. CPAs should NOT take this course for CPE credit.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Ethics
Field of Study: Regulatory Ethics
Passing Score: 70%
Technical Details:
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Objectives
Objectives:
1. Recognize the permitted scope of enrolled agent responsibilities in their practice before the Internal Revenue Service; 2. Identify the best practices for preparing or assisting in the preparation of a submission to the Internal Revenue Service; and 3. List the duties and restrictions applicable to enrolled agents with respect to: a. Information to be furnished to the IRS, b. Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws, c. The requirement for preparer diligence, d. Return of client records, e. The existence of conflicts of interest, and f. Solicitation of business.
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Profession
NASBA: Yes
QAS: Yes
CPA: Not suitable for CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: EA