Accountax School of Business A Profile in Education

www.accountax.us

Continuing Education for Enrolled Agents, Enrolled Retirement Agents, and Other Tax Professionals

 

   

  

 

ENROLLED AGENTS

Enrolled Agents may receive credit hours for courses in Federal Tax Related Matter, Ethics, and Federal Tax Updates. Below is a list of the courses offered.

According to the Internal Revenue Service Circular 230, 10.6(g) Enrolled Agents and Enrolled Retirement Plan Agents must qualify for the renewal of  enrollment. In order to qualify for renewal of enrollment, an individual enrolled to practice before the Internal Revenue Service must certify on the application for renewal form prescribed by the Director of Practice that he or she has satisfied the requirement for continuing professional education. Requirements for enrollment cycle. A minimum of 72 hours of continuing education credit must be completed during each enrollment cycle. A minimum of 16 hours of continuing education credit, including 2 hours of ethics or professional conduct, must be completed during each enrollment year of an enrollment cycle.  An individual who receives initial enrollment during an enrollment cycle must complete 2 hours of qualifying continuing education credit for each month enrolled during the enrollment cycle. Enrollment for any part of a month is considered enrollment for the entire month.

The IRS will reach out to the various licensing authorities for attorneys, certified public accountants and other tax professionals to encourage them to support annual continuing professional education that includes federal tax law topics and updates and ethics for those individuals who are licensed by them and who prepare federal tax returns;

Tax return preparers will be required to self-certify the completion of continuing professional education at the time of registration renewal. The IRS will perform random checks to verify compliance.

Update Information:

Beginning immediately, the IRS will begin allowing continuing education credit for each of the three parts of the Enrolled Agent Special Enrolled ( SEE) test preparation programs. Students may now earn up to five hours of federal tax continuing education credit for preparation of the EA Test for each Parts 1 and 2, and two credit hours of ethics for Part 3.  The maximum amount for SEE preparation programs is 12 credit hours.

 

ENROLLED RETIREMENT AGENTS

An Enrolled Retirement Plan Agent (ERPA) is a person who has demonstrated competence in qualified retirement plan matters, allowing that individual to represent taxpayers before the Internal Revenue Service

(IRS). An ERPA has earned the privilege of representing clients on issues involving the following programs:

Employee Plans Determination Letters; Employee Plans Compliance Resolution System; and Employee Plans Master and Prototype and Volume Submitter. In addition, ERPAs may represent clients with respect to 5500 and 5300 series forms, but not with respect to actuarial forms or schedules.

ERPA must follow renewal of continuing education requirements. ERPAs are held to professional and ethical standards of conduct. 

Acceptable programs for enrolled retirement plan agents must directly enhance a practitioner’s understanding in qualified retirement plans or relate to ethics for enrolled retirement plan agents. Acceptable fields of study include programs related to plan document requirements, plan operation and administration, filing requirements (Form 5500); and IRS programs (the Determination Letter program and the Employee Plans Compliance Resolution System). Unacceptable fields of study include programs not directly related to qualified retirement plan matters such as personal development, personal investments, office management, general computer software or sales-oriented presentations for office equipment and other system applications.

 The Following List Shows the Courses Approved by the IRS Continuing Education Division
                                   
   

Course Designations E= Ethics; T= Federal Tax; U= Updates

RU73Z-E-00245-16-O Representing Clients Before the IRS This presentation is a guide for tax professionals. It contains information on presenting a good reputation, information on the necessary qualifications to provide a good service to the client, and the use of competency in advising and assisting taxpayers with their cases. The course incorporates information on the following topics: Representing Clients During Examinations and Audits-New Representing Clients During An Appeal New Representing Clients During the Collection Process New Assisting Clients with Penalties and Interest Abatement New
RU73Z-E-00245-16-S Representing Clients Before the IRS This presentation is a guide for tax professionals. It contains information on presenting a good reputation, information on the necessary qualifications to provide a good service to the client, and the use of competency in advising and assisting taxpayers with their cases. The course incorporates information on the following topics: Representing Clients During Examinations and Audits-New Representing Clients During An Appeal New Representing Clients During the Collection Process New Assisting Clients with Penalties and Interest Abatement New
RU73Z-E-00254-16-O Practice and Procedures

 

 
RU73Z-E-00254-16-S Practice and Procedures This courses incorporates the following information: 1. Requirement to furnish taxpayer with a copy of a return and related penalty.  2. Requirement for signing the return as a return preparer and related penalty for not doing so. 3. Requirement to furnish identifying number as return preparer and related penalty for not doing so. 4. Requirement to retain copy of return or list and related penalty. 5. Prohibition on negotiation of client refund checks. 6. Due diligence in preparing returns ( appropriate use of Form 8867 Paid Preparers Earned Income Credit Checklist) 7. Compliance with e-file procedures (e.g., timing of taxpayer signature, timing of filing, recordkeeping, prohibited filing with pay stub; proper handling of rejects) 8. Penalties to be assessed by the IRS against a preparer for negligent or intentional disregard of rules and regulations, and for a willful understatement of liability. 9. Adherence to the ethical standards found in subpart B and Section 10.50 of Circular 230. 
RU73Z-Q-00240-15-O The Retirement Plan Series This is a three segment course that provides information on retirement plans in general, the role of planning, and correcting retirement plan mistakes.
  • Retirement Plans- The Role of Planning

  • Employee Plan Compliance

  • Retirement Plan Distributions

RU73Z-Q-00240-15-S The Retirement Plan Series This is a three segment course that provides information on retirement plans in general, the role of planning, and correcting retirement plan mistakes.

 

RU73Z-Q-00256-16-S The Retirement Plan Series This is a three segment course that provides information on retirement plans in general, the role of planning, and correcting retirement plan mistakes.

 

RU73Z-T-00250-16-O Tax Information for International Businesses The federal tax law update provides a practical working knowledge of the latest tax law changes involving businesses and international issues. The subjects cover federal tax law topics involving information reported on the the 1120 and 1120 tax tax returns. These are basic to advanced topics.
RU73Z-T-00250-16-S Tax Information for International Businesses The federal tax law update provides a practical working knowledge of the latest tax law changes involving businesses and international issues. The subjects cover federal tax law topics involving information reported on the the 1120 and 1120 tax tax returns. These are basic to advanced topics.
RU73Z-T-00251-16-O Tax Information for Businesses within the United States Tax Information for Businesses covers a series of topics: (What You Need to Know About Federal Taxes and Your Business Part I What You Need to Know About Federal Taxes and Your Business Part II S Corporation Shareholder Basis Business Incorporation- Why consider ? Business Use of Home Business Taxes for Self-Employed
RU73Z-T-00251-16-S Tax Information for Businesses within the United States Tax Information for Businesses covers a series of topics: (What You Need to Know About Federal Taxes and Your Business Part I What You Need to Know About Federal Taxes and Your Business Part II S Corporation Shareholder Basis Business Incorporation- Why consider ? Business Use of Home Business Taxes for Self-Employed
RU73Z-T-00257-16-O Advising the Client- How to Address Client Issues This course covers the method to analyze client issues, how to use the most effective and efficient method to address those issues, and how to advise the client.
RU73Z-T-00257-16-S Advising the Client- How to Address Client Issues This course covers the method to analyze client issues, how to use the most effective and efficient method to address those issues, and how to advise the client.
RU73Z-U-00221-15-O How to Apply for Tax Exempt Status This presentation is centered around organizations seeking to acquire tax exempt status under section 501 (c) (3). These organizations include: -Religious -Charitable -Educational -Testing for public safety -Literary -Scientific -Fostering amateur sports competition, or -Prevention of cruelty to children or animals)apply
RU73Z-U-00221-15-S How to Apply for Tax Exempt Status This presentation is centered around organizations seeking to acquire tax exempt status under section 501 (c) (3). These organizations include: -Religious -Charitable -Educational -Testing for public safety -Literary -Scientific -Fostering amateur sports competition, or -Prevention of cruelty to children or animals)apply
RU73Z-U-00222-15-O Circular 230 Overview: Key Provisions and Responsibilities This presentation includes guidance for all administrtive practice conduct including the: Authority to Practice Duties and Restrictions Relating to Practice Sanctions for Violations Disciplinary Procedurese for all administrative practices
RU73Z-U-00222-15-S Circular 230 Overview: Key Provisions and Responsibilities This presentation includes guidance for all administrtive practice conduct including the: Authority to Practice Duties and Restrictions Relating to Practice Sanctions for Violations Disciplinary Procedurese for all administrative practices
RU73Z-U-00223-15-O Tangible Property Regulations This presentation includes the following sections and material: Section 162 which allows a deduction for ordinary and necessary business expenses, including amounts paid for incidental repairs and maintenance. Section 263(a) which requires taxpayers to capitalize, rather than deduct, amounts paid to acquire, produce, or improve tangible and intangible property. Capitalized costs generally recovered through depreciation (for tangible property) or amortization (for intangibles).
RU73Z-U-00223-15-S Tangible Property Regulations This presentation includes the following sections and material: Section 162 which allows a deduction for ordinary and necessary business expenses, including amounts paid for incidental repairs and maintenance. Section 263(a) which requires taxpayers to capitalize, rather than deduct, amounts paid to acquire, produce, or improve tangible and intangible property. Capitalized costs generally recovered through depreciation (for tangible property) or amortization (for intangibles).
RU73Z-U-00225-15-O Appeals: An Overview of Recent Policy Changes This presentation covers recent policy changes within the Appeal's Division.
RU73Z-U-00225-15-S Appeals: An Overview of Recent Policy Changes This presentation covers recent policy changes within the Appeal's Division.
RU73Z-U-00226-15-O Health Insurance Premium Tax Credit This presentation cover the refundable tax credit claimed on new Form 8962 filed with Form 1040. It is a guide: - To help eligible individuals and families pay for health insurance - It provides for two payment options - It address information on advance credit payments and and non advance credit payments payments - It provides information on Marketplace administers Advance Payment of PTC
RU73Z-U-00228-15-O Tips vs. Service Charges This presentation is being offered to improve the tip reporting compliance by the employer and its employees, help employers, employees, and representatives understand the difference between a tip and a service charge, and make employers and tax practitioners aware of Form 8027 information return compliance.
RU73Z-U-00228-15-S Tips vs. Service Charges This presentation is being offered to improve the tip reporting compliance by the employer and its employees, help employers, employees, and representatives understand the difference between a tip and a service charge, and make employers and tax practitioners aware of Form 8027 information return compliance.
RU73Z-U-00229-15-O Payment Alternatives When You Owe the IRS This presentation contains information on creating on line payment agreements, the prerequisites for case resolutions, the use of collection information statements, and selling or refinancing property when there is a tax lien.
RU73Z-U-00229-15-S Payment Alternatives When You Owe the IRS This presentation contains information on creating on line payment agreements, the prerequisites for case resolutions, the use of collection information statements, and selling or refinancing property when there is a tax lien.
RU73Z-U-00230-15-O Taxability of Fringe Benefits This presentation is being offered to provide information on identifying taxable fringe benefits and the process used to tax fringe benefits.
RU73Z-U-00230-15-S Taxability of Fringe Benefits This presentation is being offered to provide information on identifying taxable fringe benefits and the process used to tax fringe benefits.
RU73Z-U-00231-15-O Small Business Healthcare Tax Credit This presentation contains information on the tax credit for small employers including tax exempt employers, information to help with the cost of providing health care, coverage for low and moderate income workers, and information designed to encourage employers to offer first-time coverage and maintain existing coverage for employees.
RU73Z-U-00231-15-S Small Business Healthcare Tax Credit This presentation contains information on the tax credit for small employers including tax exempt employers, information to help with the cost of providing health care, coverage for low and moderate income workers, and information designed to encourage employers to offer first-time coverage and maintain existing coverage for employees.
RU73Z-U-00233-15-O Avoiding Tax Mistakes This presentation provides information on recordkeeping, reporting all taxable income, keeping track of business expenses, the review of returns for accuracy, consideration of e-file options, avoiding scams, and choosing a competent preparer.
RU73Z-U-00233-15-S Avoiding Tax Mistakes This presentation provides information on recordkeeping, reporting all taxable income, keeping track of business expenses, the review of returns for accuracy, consideration of e-file options, avoiding scams, and choosing a competent preparer.
RU73Z-U-00246-16-O Data Thefts and Protecting Client Information This course is designed to protect tax payers from theft and fraud.
RU73Z-U-00246-16-S Data Thefts and Protecting Client Information This course is designed to protect tax payers from theft and fraud.
 
Understanding Future State Initiative Focuses on how to provide taxpayers with the services they need. Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-T-00264-16-S
Understanding Offers and Compromise How to Present an effective OIC Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-T-00265-16-S
Understanding the Disclosure Process Information on the Access to IRS Records Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-T-00266-16-S
Automated Underreporting Information on How the IRS selects accounts for underreporting Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-T-00267-16-S
Advising the Taxpayer Preparing a Taxpayer for the Reporting Season Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-T-00268-16-S
FBAR Understanding Foreign Financial Reporting Information on FBAR, its purpose and who must file Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-T-00269-16-S
Affordable Care Act ( ACA) Provisions Provision for ACA and the Shared Responsibility Payment Federal Tax Law Update Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-U-00270-16-S
Annual Inflation Adjustments Updates on the Annual Inflation Adjustments Federal Tax Law Update Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-U-00271-16-S
Increase in Repair Regulations Focuses on regulations of reporting tangible property Federal Tax Law Update Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-U-00272-16-S
Summary of Path Act  The Act focuses on tax benefits that have been extended Federal Tax Law Update Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-U-00273-16-S
Understanding the 2016 Tax Law Updates Focuses on the tax updates for the 2016 Tax Year. Federal Tax Law Updates Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents   RU73Z-U-00274-16-S
Understanding form 8300 Focuses on the filing requirements and transactions reported on Form 8300 Federal Tax  Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents  

RU73Z-T-00278-17-S

 
Cancellation of Debt- Is It Taxable or Not? Focuses on the whether certain cancellations of debt are taxable or non taxable Federal Tax Self-Study Return Preparers / Enrolled Agents / Enrolled Retirement Plan Agents  

RU73Z-T-00276-17-S