Exam (elaborations)
Enrolled Agent SEE Part 3 Questions and Answers
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Enrolled Agent SEE Part 3 Questions and Answers
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Enrolled Agent SEE Part 3 Questionsand Answers
Preparing ia itax ireturn, ifurnishing iinformation iat ithe irequest
of ithe iInternal iRevenue iService, ior iappearing ias ia iwitness
for ithe itaxpayer iis iconsidered ipractice ibefore ithe iInternal
Revenue iService i- iCorrect iAnswers i-False
Michael iSmith iis ian iEnrolled iAgent iwith ian ioffice ithat
employees i4 iother iEnrolled iAgents. iKimberly iWilson iis ia
CPA iwho iwas isuspended ifrom ipractice ifor i1 iyear iby ithe
Office iof iProfessional iResponsibility. iKimberly iknows iMichael
and iasks ihim ifor iemployment ifor ithe ione-year iperiod
of isuspension. iMichael iemploys iKimberly ifor ithe isole ipurpose
of icorresponding iand icommunicating iwith ithe iInternal
Revenue iService ion iissues iarising ifor iMichael's iclients.
Michael iis iallowed ito iemploy iKimberly ibecause ithe isuspension
is ifor iless ithan i2 iyears, iKimberly iis ilimited ito icorresponding
and icommunicating iwith ithe iInternal iRevenue
Service iand ithe iclients iare ireally iMichael's inot iKimberly's. i- iCorrect iAnswers i-False
Only iunder ivery ilimited icircumstances, ias idescribed iin
the iinstructions ito iForm i2848, imay ia itaxpayer iauthorize ian
Attorney, iCPA ior iEnrolled iAgent ito ireceive iand iendorse ia
refund icheck ion ibehalf iof ithe itaxpayer. i- iCorrect iAnswers i-False
Mary iPecan, ia iCPA, iprepared ia itax ireturn ifor ia iclient. iThe
return icontained ia ifrivolous iposition ithat icould inot ibe idefended
under iany icircumstances. iThe iexaminer iwho iconducted
the iexamination imade ia ireferral ito ithe iOffice iof
Professional iResponsibility. iAfter iall iprocedural irequirements
have ibeen imet; ithe iOffice iof iProfessional iResponsibility
will imake ia ifinal, ibinding idecision ias ito ithe iappropriate
sanction ifor iMary. i- iCorrect iAnswers i-False
Dave ioperates ia iretail ibusiness ias ia isole iproprietorship
with istores iin iseveral ilocations iin ithe iToledo, iOhio iarea.
, The ibooks iand irecords ifor iall iof ithe istores iare imaintained
at ithe imain istore inear ihis iresidence. iDave's itax ireturns
have ialways ibeen iprepared iby ihis ilong itime iaccountant iin
Toledo. iDave ihas ibeen inotified ithat ihis i2004 i1040 ihas
been iselected ifor ian iexamination. iDave's ibrother-in-law iin
Detroit, iMichigan, ia idistrict iaway, ihas ijust ipassed ithe iEnrolled
Agent's iexamination iand iDave's iwife iwould ilike ihim
to ihandle ithe iexamination. iThe iInternal iRevenue iService
will ilikely iapprove ia itransfer ito ithe iDetroit ioffice, iprovided ia
properly iexecuted iform i2848 iis isubmitted iwith ithe irequest. i- iCorrect iAnswers i-False
Ruth's i2002 iand i2003 ireturns iwere iexamined ifor iinvestment
expenses. iBoth iexaminations iresulted iin ino ichange
to ithe ireturn ias ifiled. iRuth iwas inotified ithat iher i2004 ireturn
was iselected ifor iexamination ifor iinvestment iexpenses.
Since iRuth ihas itwo iprior ino ichange iaudits, ishe ishould
notify ithe iInternal iRevenue iService, ito isee iif ithe iexamination
should ibe idiscontinued. i- iCorrect iAnswers i-True
A irepresentative iqualified ito ipractice ibefore ithe iInternal
Revenue iService icannot iprepare ior isign ia iformal iwritten
protest ion ibehalf iof ia iclient ito irequest ian iappeals iconference. i- iCorrect iAnswers i-
False
Joseph ireceived ia ibill ifrom ithe iInternal iRevenue iService
for iadditional itax idue iof i$2,000 iplus iaccrued iinterest iof
$300. iIf iJoseph ipays ithe i$2,000 itax iin ifull, ithis iwill istop
the iaccrual iof iany iadditional iinterest. i- iCorrect iAnswers i-False
Brittany's i2003 ireturn iwas iselected ifor ian iexamination.
Information iwas irequested ito isupport iclaimed ibusiness
expenses. iBrittany ifailed ito iprovide ithe iInternal iRevenue
Service iwith iany iof ithe irequested iinformation ibecause
she ifelt ithe iexamination iwas ian iunwarranted iinvasion iof
her iprivacy. iThe iInternal iRevenue iService iissued ia iNotice
of iDeficiency iand iBrittany ifiled ia ipetition iwith ithe iTax
Court. iSince ithe iexamination iwas istarted iafter iJuly i22,
1998, ithe iInternal iRevenue iService iwill ihave ithe iburden
of iproof iin ithe iTax iCourt iProceedings. i- iCorrect iAnswers i-False
In ithe iprocess iof iexamining ior icollecting iyour itax iliability
the iInternal iRevenue iService imay icontact ithird iparties.
The iInternal iRevenue iService imust igive ithe itaxpayer ireasonable
notice ibefore imaking iany iinquiries iof ithird iparties
such ias ineighbors, ibanks, iemployers, iand iother iemployees.
This inotification imust iinclude ithe ispecific inames
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