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 Enrolled Agent (EA) Exam Part 3: Representation, Practices, and Procedure Syllabus         1. IRS Jurisdiction and Representation Guidelines Understanding IRS authority and enforcement actions Who can represent taxpayers before the IRS? Levels of representation (Enrolled Agents, Attorneys, CPAs) Representation for individuals, businesses, and estates 2. Authorization Protocols & Circular 230 Understanding Form 2848 (Power of Attorney) and Form 8821 (Tax Information Authorization) Duration and revocation of authorizations Circular 230 : Rules of professional conduct Due diligence, client confidentiality, and conflicts of interest 3. Standards, Due Diligence, and Filing Expertise IRS Due Diligence Requirements for tax professionals Accuracy-related penalties and reasonable cause defenses Filing status determination (HOH, MFJ, MFS, etc.) Due diligence for refundable credits ( EITC, CTC, AOTC ) 4. Practitioner Responsibilities and Penalties Recordkeeping r...

  EA Exam Part 1: Individuals - Syllabus  1. Preliminary Work and Taxpayer Data (16%) Personal Information & Filing Status Identifying the taxpayer Filing status determination Dependent qualifications Income Sources & Documentation W-2, 1099s, and other tax documents Self-employment and gig economy income Rental income and other earnings Recordkeeping Requirements Retaining tax records and substantiating deductions 2. Income and Assets (20%) Types of Income Wages, salaries, and tips Interest, dividends, and capital gains Retirement distributions (IRA, pensions, Social Security) Rental, royalty, and business income Foreign income considerations Capital Gains and Losses Short-term vs. long-term gains Basis calculations and sale of assets Taxable and Nontaxable Income Gifts, inheritances, life insurance, and scholarships 3. Deductions and Credits (18%) Standard vs. Itemized Deductions Mortgage interest, medical expenses, state/local taxes, and ch...

    Enrolled Agent (EA) Exam Part 2: Businesses detailed syllabus: Section 1: Business Entities and Considerations (28%) Types of business entities: Sole proprietorship, partnership, corporation (C and S), LLC, and LLP Formation, operation, and dissolution of business entities Business income and expenses (deductions, depreciation, amortization) Accounting methods and periods (cash, accrual) Business credits and tax payments Section 2: Business Taxation (37%) Income recognition and reporting for businesses Business deductions, including cost of goods sold, expenses, and special deductions Depreciation and amortization (MACRS, Section 179, bonus depreciation) Business credits (general business credit, R&D credit) Self-employment tax and related deductions Employment taxes and reporting requirements (Forms 941, 940, W-2, W-3) Excise taxes and other business-related taxes Section 3: Specialized Returns and Taxpayers (25%) Taxation of partnerships (Form 1065, Schedule K...

      The Armed Services Vocational Aptitude Battery (ASVAB) is a multiple-choice test used by the U.S. military to assess a candidate’s qualifications for enlistment and job roles. It consists of 9 subtests (for the computerized version, CAT-ASVAB) or 10 subtests (for the paper version). ASVAB Subtests and Question Distribution Subtest Abbreviation Questions (CAT-ASVAB) Questions (Paper) Time (CAT-ASVAB) Time (Paper) General Science GS 15 25 10 min 11 min Arithmetic Reasoning AR 15 30 55 min 36 min Word Knowledge WK 15 35 9 min 11 min Paragraph Comprehension PC 10 15 27 min 13 min Mathematics Knowledge MK 15 25 23 min 24 min Electronics Information EI 15 20 10 min 9 min Auto & Shop Information AS 10 25 7 min 11 min Mechanical Comprehension MC 15 25 22 min 19 min Assembling Objects AO 15 25 17 min 15 min Verbal Expression Score VE (WK + PC) Combined Combined N/A N/A N...

Enrolled free practice test Introduction  Enrolled Agents (EAs) play a vital role in the world of taxation, serving as tax experts who can represent and assist taxpayers before the Internal Revenue Service (IRS). This article explores the responsibilities and qualifications of Enrolled Agents, their examination process, and the significance of their role in the field of tax representation and advisory. Note – Keep patience EA Free practice test is available below the article utill then you read the Complete information about enrolled agent. The Role of Enrolled Agents  Enrolled Agents are tax professionals authorized by the IRS to represent individuals, businesses, and organizations in various tax-related matters. They are granted a unique privilege, similar to that of attorneys and Certified Public Accountants (CPAs), to provide expert guidance and represent taxpayers before the IRS. EAs can assist in a wide range of tax issues, making them versatile professionals in the real...

Enrolled agent exam free practice test   Introduction  Enrolled Agents (EAs) are tax professionals with a unique and vital role in the world of taxation. They are authorized by the Internal Revenue Service (IRS) to represent taxpayers in various tax matters. In this comprehensive article, we will explore the profession of Enrolled Agents, their training and certification, the Special Enrollment Examination (SEE), their continuing education requirements, and the significance of their role in the tax system. We will also delve into the ethical and suitability standards that EAs must adhere to, their responsibilities in representing clients, and the benefits of hiring an Enrolled Agent. Note – Keep patience EA Free practice test is available below the article utill then you read the Complete information about enrolled agent. What is an Enrolled Agent?  An Enrolled Agent is a tax professional who has earned the privilege to represent taxpayers before the IRS. Unlike other tax...