Course Level: Intermediate
Summary
Earn the privilege to represent taxpayers before the IRS, build your credentials, and improve your bottom line with the help of NATP's EA Exam Review course. With our thorough instruction, you will greatly increase your chance to pass this demanding exam the first time!
Overall Objective
This course is designed to help individuals pass the IRS Special Enrollment Examination. We integrate theory, example, and practice to give even the inexperienced professional an edge in passing the exam.
The course is a refresher course for the purpose of fine-tuning your test preparation. We strongly recommend independent study prior to taking this course.
Part I: Individuals
Objectives
Upon completion of this course, you will be able to:
- Identify the primary areas tested in Part I.
- Determine an individual’s filing requirement.
- Identify the difference between a qualifying child and a qualifying relative.
- Identify items of reportable income and expenses for individual taxpayers.
- Report income from retirement plan and IRA distributions.
- Report the disposition of assets.
- Distinguish between refundable and nonrefundable tax credits.
- Identify the filing requirements for a deceased taxpayer.
- Explain the tax consequences of gifting cash or property.
Part II: Business Income Tax returns, Estate and Trust Income Tax Returns, Retirement Plans and Exempt Organizations
Objectives
Upon completion of this course, you will be able to:
- Comprehend the primary areas tested in Part II.
- Be knowledgeable in the tax theory for sole proprietors, partnerships, corporations, trusts and tax-exempt organizations.
- Analyze the question being asked and compare the facts of the question to the theory being applied to select the most appropriate answer to the question.
- Distinguish various requirements and limitations as applied to a wide variety of tax topics.
- Assimilate the theory to explain such requirements and limitations to tax clients in tax planning situations and in the completion of income tax returns.
- Evaluate the client’s information to properly apply taxation principles to that client’s situation.
Part III: Representation, Practices and Procedures
Objectives
Upon completion of this course, you will be able to:
- Identify the primary areas tested in Part III.
- List the requirements to become and maintain EA status.
- Explore provisions of Circular 230.
- Recognize preparer penalties.
- Recognize the various types of representation before the IRS.
- Review the filing process.