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| Tax School Homepage |
| To maintain active enrollment to practice before the Internal Revenue Service, each individual is required to have the enrollment renewed. The effective date of renewal is the first day of the fourth month following the close of the period for renewal. Consequently, if you don't receive notification from the Director of the Office of Professional Responsibility of the renewal requirement, the individual is required to renew regardless. |
| To qualify for continuing tax education credit for an enrolled agent, a course of learning must be a qualifying program designed to enhance professional knowledge in federal taxation or federal taxation related matters. The course must also be a qualifying program consistent with the Internal Revenue Code and effective tax administration and be sponsored by a qualifying tax education sponsor. |
| A practitioner may not take acknowledgments, administer oaths, certify papers, or perform official acts as a notary public with respect to any matter administered by the Internal Revenue Service. In addition, a practitioner shall not represent a client before the Internal Revenue Service if the representation involves a conflict of interest. A conflict of interest exists if the representation of one client will be directly adverse to another client. |
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PENALTY UNDER SECTION 6694 Prior to amendment by the Act, the penalty under section 6694(a) applied if: (1) any part of an understatement of liability with respect to any return or claim for refund is due to a position for which there was not a realistic possibility of being sustained on its merits, (2) any person who is an income tax return preparer with respect to such return or claim knew (or reasonably should have known) of such position, and, (3) such position was not disclosed as provided in section 6662(d)(2)(B)(ii) or was frivolous. |
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Prior to amendment by the Act, the penalty under
section 6694(b) applied if any part of an understatement was due to: (1) a willful attempt in any manner by an income tax return preparer to understate the liability for tax; or (2) to any reckless or intentional disregard of rules or regulations by an income tax return preparer. |
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Section 8246 of the Act amended several provisions of
the Code to extend the scope of the income tax return preparer penalties to
preparers of all tax returns, amended returns and claims for refund,
including estate and gift tax returns, generation-skipping transfer tax
returns, employment tax returns, and excise tax returns. The Act amended
section 6694(a) to provide that the penalty would apply if: (A) the tax return preparer knew (or reasonably should have known) of the position, (B) there was not a reasonable belief that the position would more likely than not be sustained on its merits, and |
| Copyright © 2014 [Hera's Income Tax School]. All Annual Federal Tax Refresher Course rights reserved. |
| Revised: 05/28/15 |
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