EA Exam Prep Part 3: Overview of Circular 230 (Currently Unavailable)
Author: Eva Rosenberg
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC
2 hours Ethics for OTRPs |
This is the first class of the EA Exam Prep Part 3 series. This course will provide an overview of Circular 230, or the Tax Professional’s Bible. Get a preview of responsibilities of Enrolled Agents. Learn the definition of “practice before the Internal Revenue Service” and who may practice. Discover the role of the IRS Office of Professional Responsibility (OPR). Get answers to questions such as: What’s the difference between the Office of Professional Responsibility and the Return Preparer Office? What about the Annual Filing Season Program? How many continuing education credits do I need? What about unenrolled preparers? TaxMama® also provides you with information that is no longer found on the IRS website, and more. As with all TaxMama® courses, her invaluable insight and wisdom are an added bonus!
Publication Date: October 2019
Designed For
Tax practitioners of all levels, regardless of experience, who want to learn about practicing before the IRS and more. Excellent training for staff working in tax offices, accounting practices, corporate settings, independent bookkeepers, and others who must proofread tax returns containing this information. Passing the EA exam, they will be able to pull client records and transcripts and relieve the tax preparers from routine tasks. This is more than just a basic course. This course provides an overview of Circular 230 . It is especially helpful to those with no hands-on experience with IRS audits and tax representation – and those who are returning to tax preparation after years in corporate or other jobs. This course is also designed to help CPAs earn their Enrolled Agent credential so they can practice anywhere in the country without re-certifying.
Topics Covered
- Outline of Circular 230
- Key provisions of Circular 230
- Definition of "Practice before the Internal Revenue Service"
- IRS Office of Professional Responsibility (OPR)
- Contacting the IRS
- Checking the status of an Enrolled Agent
- The Return Preparer Office (RPO)
- Office of Enrollment
- Annual Filing Season Program
- Communicating with IRS staff
- Important contact information
- Third party authorization
- Importance of documentation
- Client forms
- Who may practice before the IRS?
- Who may not practice before the IRS?
- Definition of a practitioner
- Unenrolled preparers
- Special appearances
- Students and volunteers
- Special appearances
- Loss of eligibility to practice
- Due diligence
- Conflicts of interest
- Taxpayer checks
- Competence
- Procedures to ensure compliance
Learning Objectives
- Identify the key provisions of Circular 230
- Describe the purpose of the Office of Professional Responsibility (OPR)
- Describe the purpose of the Return Preparer Office (RPO)
- Describe "Practice before the Internal Revenue Service"
- Describe the importance of documentation, and what to document
- Identify who may and may not practice before the IRS
- Recognize the rules for unenrolled preparers
- Describe due diligence requirements
- Identify conflicts of interest
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
