• Solicitation of business,
  • Requirement to perform professional duties with due diligence,
  • Dealing with conflicts of interest,
  • Provision of written advice,
  • Obtaining continuing education,
  • Tax shelters,
  • Obtaining and renewing a PTIN, and
  • Various other requirements. The ethical rules governing these issues, as identified in Treasury Circular 230, are discussed. A final examination covering the course material is administered." />
  • Solicitation of business,
  • Requirement to perform professional duties with due diligence,
  • Dealing with conflicts of interest,
  • Provision of written advice,
  • Obtaining continuing education,
  • Tax shelters,
  • Obtaining and renewing a PTIN, and
  • Various other requirements. The ethical rules governing these issues, as identified in Treasury Circular 230, are discussed. A final examination covering the course material is administered."/>
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    Course Details

    EA Ethics: Enrolled Agent Ethical Standards: Practices and Procedures (Course Id 1586)

    Updated / QAS / Registry / EA   Add to Cart 
    Author : Paul Winn, CLU, ChFC
    Status : Production
    CPE Credits : 2.5
    IRS Credits : 2
    Price : $24.95
    Passing Score : 70%
    Course Type: NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents
    Primary Subject-Field Of Study:

    Regulatory Ethics - Regulatory Ethics for Course Id 1586

    Description :

    Enrolled Agent Ethical Standards: Practices and Procedures is an online course that examines enrolled agent conduct standards with respect to professional practice. It identifies the individuals who may practice before the IRS and defines the term “practice before the Internal Revenue Service.” In addition, it addresses enrolled agent duties and restrictions with respect to various issues, including:

    • Solicitation of business,
    • Requirement to perform professional duties with due diligence,
    • Dealing with conflicts of interest,
    • Provision of written advice,
    • Obtaining continuing education,
    • Tax shelters,
    • Obtaining and renewing a PTIN, and
    • Various other requirements.

    The ethical rules governing these issues, as identified in Treasury Circular 230, are discussed. A final examination covering the course material is administered. 

    Usage Rank : 0
    Release : 2020
    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 : 12-Feb-2020
    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 - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1586

    Keywords : Regulatory Ethics, EA, Ethics, Enrolled, Agent, Ethical, Standards, Practices, Procedures, cpe, cpa, online course
    Learning Objectives :

    Course Learning Objectives

    Upon completion of this course, you should be able to:
    • Recognize the permitted scope of enrolled agent responsibilities in their practice before the Internal Revenue Service;
    • Identify the best practices for preparing or assisting in the preparation of a submission to the Internal Revenue Service; and
    • List the duties and restrictions applicable to enrolled agents with respect to -
        o Information to be furnished to the IRS,
        o Dealing with taxpayer omissions, errors and noncompliance with U.S. revenue laws,
        o The requirement for preparer diligence,
        o Return of client records,
        o The existence of conflicts of interest, and
        o Solicitation of business.

    Chapter 1
    Practice Before the Internal Revenue Service

    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

    Chapter 2
    Enrolled Agent Requirements

    Upon completion of this chapter, you should be able to:
    • Recognize the specific duties and restrictions imposed on an enrolled agent’s practice before the IRS;
    • Describe the enrolled agent renewal cycle;
    • List the continuing education requirements applicable to enrolled agents; and
    • Understand the Internal Revenue Service PTIN requirements.

    Chapter 3
    Sanctionable Acts & Sanctions

    Upon completion of this chapter, you should be able to:
    • List the types of conduct considered disreputable;
    • Describe the monetary and non-monetary sanctions that may be imposed by the Office of Professional Responsibility on an enrolled agent for engaging in sanctionable acts;
    • Identify the defining characteristics of a frivolous submission; and
    • Recognize the badges of fraud.
    Course Contents :

    Course Learning Objectives

    Introduction to Course

    Chapter 1 - Practice Before the Internal Revenue Service

    Chapter Learning Objectives

    Introduction

    Professional Practice

    Role of the Enrolled Agent

    Individuals who may Practice

    Professionals with Unlimited Practice Rights

    Practice by Certified Public Accountants

    Practice by Attorneys

    Practice by Enrolled Agents

    Individuals with Limited Practice Rights

    Enrolled Actuaries

    Enrolled Retirement Plan Agents

    Registered Tax Return Preparers

    Representation Based on Taxpayer Relationship

    Summary

    Chapter Review

    Chapter 2 - Enrolled Agent Requirements

    Chapter Learning Objectives

    Introduction

    Enrolled Agent Duties and Restrictions

    Responding to IRS Requests for Information

    Privileged Records or Information

    Requested Material not in Enrolled Agent’s Possession

    Material Requested Concerning Alleged Enrolled Agent Violation

    Interference with an IRS Request for Information

    Knowledge of Client Omissions

    Former IRS Employees and Disbarred or Suspended Persons

    General Rules on Practice by Former Government Employees

    Solicitation of Business

    Advertising and Solicitation Requirements

    Logo Use

    Professional Fee Information

    Disclosure of Responsibility for Costs

    Communication of Fee Information

    Retention of Communications Containing Fee Information

    Improper Associations

    Due Diligence Requirements

    Conflicting Interests

    Prohibition on Negotiation of Client Refund Checks

    Written Advice

    Continuing Education

    CPE Course Requirements

    Types of Qualifying Programs

    Meeting Circular 230 §10.9 Criteria

    Tax Shelters

    Economic Substance Doctrine

    Term and Renewal of Enrolled Agent Status

    Renewal Cycles

    Prompt Disposition of Matters before the IRS

    Return of Client Records

    Nature of Client Records

    PTIN Requirements

    Obtaining a New PTIN

    Renewing a PTIN

    Enrolled Agent Supervisory Responsibilities

    Identification of Supervisor

    Requirement to Supervise

    Tax Adviser Best Practices

    Procedures to Ensure Best Practices Used

    Summary

    Chapter Review

    Chapter 3 - Sanctionable Acts & Sanctions

    Chapter Learning Objectives

    Introduction

    Disreputable Conduct

    Sanctions Imposed by the Office of Professional Responsibility

    Non-Monetary Sanctions

    Censure

    Suspension

    Disbarment

    Monetary Sanctions

    Amount of Monetary Penalty

    Frivolous Submissions

    Fraudulent Transactions

    Badges of Fraud

    Income

    Expenses or Deductions

    Books and Records

    Allocations of Income

    Conduct of Taxpayer

    Methods of Concealment

    Summary

    Chapter Review

    Glossary

    CPE Regulatory Ethics Course: https://www.cpethink.com/cpa-ethics-courses
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