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Course Details

Behavioral Ethics: Practice before the IRS (Course Id 1265)

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Author : Paul Winn, CLU, ChFC
Status : Production
CPE Credits : 2.0
IRS Credits : 2
Price : $19.95
Passing Score : 70%
Primary Subject-Field Of Study:

Behavioral Ethics - Taxation for Course Id 1265

Description :

Despite predictably frequent calls for simplifying the U.S. Tax Code, it becomes increasingly complex over time. At its more than 3% annual growth in size since 1945, it is projected to exceed 96,000 pages by the year 2020. Because of the enormity of the Code and its complexity, taxpayers often seek the assistance of knowledgeable professionals to represent them with respect to tax and other matters before the IRS. However, the ability to represent a client before the IRS is, with certain exceptions, extremely limited. This course will look at the important subject of client representation before the IRS. Practice before the IRS addresses the nature of practice before the IRS, identifies those permitted to engage in such practice and examines the power of attorney under which a taxpayer authorizes another to engage in it on his or her behalf.

Upon completion of this course, you should be able to:

  • Define “practice before the Internal Revenue Service”;
  • Recognize the general scope of permitted enrolled agent practice responsibilities;
  • Identify the extent of practice privileges possessed by individuals permitted to practice before the IRS;
  • Describe the nature and function of a tax power of attorney and identify the acts that may be performed for a client under it; and
  • Understand how to withdraw from and revoke an existing tax power of attorney.

Please Note: This is a general ethics course for anyone who represents taxpayers on matters before the IRS and devotes more than 80% of its content to federal tax matters. This is NOT an IRS EA or Return Preparer approved ethics course.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 26-Oct-2017
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 1265

Keywords : Behavioral Ethics, Behavioral, Ethics, Practice, IRS, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you should be able to:
  • Define “practice before the Internal Revenue Service”;
  • Recognize the general scope of permitted enrolled agent practice responsibilities;
  • Identify the extent of practice privileges possessed by individuals permitted to practice before the IRS;
  • Describe the nature and function of a tax power of attorney and identify the acts that may be performed for a client under it; and
  • Understand how to withdraw from and revoke an existing tax power of attorney.

Chapter 1
IRS Practice

Upon completion of this chapter, you should be able to:
  • Define “practice before the Internal Revenue Service”;
  • Recognize the general scope of permitted enrolled agent practice responsibilities;
  • List the categories of individuals permitted to practice before the IRS; and
  • Identify the extent of practice privileges possessed by individuals permitted to practice before the IRS.

Chapter 2
Representing a Client before the IRS

Upon completion of this chapter, you should be able to:
  • Describe the nature and function of a power of attorney;
  • Discuss when a power of attorney is required and when it is not required with respect to matters before the IRS;
  • Identify the acts that may be performed for a client under a power of attorney;
  • Explain how to complete the necessary IRS form to name a power of attorney and where to file it; and
  • Understand how to revoke an existing power of attorney.
Course Contents :

Course Learning Objectives

Introduction to the Course

Chapter 1 – IRS Practice

Introduction

Chapter Learning Objectives

Professional Practice

Who is Permitted to Practice before the IRS

Professionals with Limited Practice Rights

Enrolled Actuaries

Enrolled Retirement Plan Agents

Registered Tax Return Preparers

Professionals with Unlimited Practice Rights

Other Representation

Representation Based on Taxpayer Relationship

Who may not Practice before the IRS

Loss of Eligibility

Failing to Meet Renewal Requirements

Enrolled Agent Renewal Cycles

Requesting Inactive Retirement Status

Suspension and Disbarment

Incompetence and Disreputable Conduct

Summary

Chapter Review

Chapter 2 – Representing a Client before the IRS

Introduction

Chapter Learning Objectives

Power of Attorney

Acts Performed Under a Power of Attorney

Substituting or Delegating Authority

Agent Authorizing IRS to Disclose Returns to Others

When a Power of Attorney is Required

Non-IRS Power of Attorney

Perfecting a Power of Attorney

Processing a Non-IRS Power of Attorney

Common Reasons for IRS Rejection of a Power of Attorney

Signatures and/or Signature Dates Missing

Lack of Specificity as to Authorized Acts

When the Matter isn’t a Tax Matter

Civil Penalties

Filing and Updating a Power of Attorney

Retention/Revocation of Prior Power(s) of Attorney

Revocation of Power of Attorney/Withdrawal of Representative

Preparing IRS Form 2848

Taxpayer Information – Line 1

The Individual Client

Clients Filing 1040 Schedule C

Clients Filing a Joint Return

Corporate, Partnership or Association Clients

Corporate Clients Filing Consolidated Tax Returns

Exempt Organization Clients

Trust Clients

Representing a Decedent

Estate Clients

When the Matter is a Gift

Employee Plan Clients

Representative – Line 2

Multiple Representatives

Centralized Authorization File (CAF) Number

Preparer Tax Identification Number (PTIN)

Students in Low Income Taxpayer Clinics (LITCs) and Student Tax Clinic Program (STCP)

Acts Authorized – Line 3

Specific Use Not Recorded on Centralized Authorization File – Line 4

Additional Acts Authorized – Line 5a

Specific Acts not Authorized – Line 5b

Retention/Revocation of Prior Power(s) of Attorney – Line 6

Taxpayer’s Signature – Line 7

Declaration of Representative – Part II

Summary

Chapter Review

Appendix

Behavioral Ethics Course 1265 Home: https://www.cpethink.com/aicpa-based-ethics-for-cpas
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