EA Exam Prep Part 3: Tax Research (Currently Unavailable)

Author: Eva Rosenberg

This is the second class of the EA Exam Prep Part 3 series. There is a lot to consider when it comes to e-filing. From the various roles of individuals to filing requirements and more. TaxMama® will break it all down for you. Begin with a discussion about cybersecurity and why protecting your data is so important. Get tips on how to protect yourself, your clients, and your business. Find out what to do about all the paperwork in your office. Review the legal side of protecting client information and the Gramm-Leach-Bliley Act. Learn about IP PIN numbers, CAF numbers, TIN numbers, EIN numbers, and other identifying information. Take a look at the various online information systems available, such as Electronic Federal Tax Payment System (EFTPS), Transcript Delivery System (TDS), and the new Secure Object Repository (SOR). These are just a few of the areas that this information packed course provides.

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 in-depth look at e-services. 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

• Definitions and terms relating to e-filing
• Becoming an e-file provider
• E-filing umbrella of services
• E-file rules
• Denial or revocation of e-file provider
• E-file appeal process
• Advertising standards
• Compliance requirements
• The Gramm-Leach-Bliley Act
• EFIN
• How to handle rejected returns
• Procedures to identify theft
• Cybersecurity
• Red flags for data breaches of your system
• What to do if you have a security breach
• What to do about all of that office paperwork
• The legal side of data security
• ID and theft resolution
• Identity Protection PIN (IP PIN)
• Electronic Return Originator (ERO)
• ERO responsibilities
• Errors correctable by an ERO
• Rules for using an Intermediate Service Provider (ISO)
• Secure access requirements
• PTIN Requirements
• Mandatory e-filing
• Taxpayer's choice statement (Rev. Proc. 2011-25)
• Penalties for noncompliace
• Secure Object Repository (SOR)
• Record keeping requirements
• Three levels of sanctions for e-filing infractions
• Form 8453
• Form 8879
• Form 8867
• Remote signing of a return
• Earned Income Tax Credit Due Diligence review
• Taxpayer Identification Number (TIN) matching and penalties
• When to get a new Employer Identification Number (EIN)
• Electronic Federal Tax Payment System (EFTPS)
• Types of transcripts
• Transcript Delivery System (TDS)
• Transcript security measures
• Central Authorization File (CAF) number
• Form 2848
• Revoking a power of attorney

Learning Objectives

• Identify the various e-filing services
• Recognize the responsibilities of e-file providers
• Identify what to do if a security breach occurs
• Identify mandatory e-filers
• Describe penalties associated with noncompliance
• Identify Preparer Tax Identification Number (PTIN) requirements
• Identify transcripts available through the Transcript Delivery System (TDS)
• Recognize the purpose of a Central Authorization File (CAF) number

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None