Extension of the Two-Year Carryover Period for SEE Candidates due to the COVID Pandemic

posted Jul 14, 8:27 am (556 days ago), permalink

The IRS officially announces that EA candidates now have up to THREE years to carry over their passing scores (due to the COVID pandemic).

Generally, candidates who pass a part of the examination can carry over a passing score up to two years from the date they passed that part of the examination. To provide candidates flexibility in testing because of the 2020 global pandemic, the two-year period is extended to three years. This applies to any examination parts that had not expired as of February 29, 2020 and any examination parts passed on June 1, 2020 and later.

For example, assume a candidate passed Part 1 on November 15, 2019. Subsequently, the candidate passed Part 2 on February 15, 2020. That candidate has until November 15, 2022 to pass the remaining part. Otherwise, the candidate loses credit for Part 1. The candidate has until February 15, 2023 to pass all other parts of the examination or will lose credit for Part 2.

See the official IRS announcement here: https://www.irs.gov/tax-professionals/enrolled-agent-news

Prometric SEE Testing Begins June 1, 2020

posted May 29, 10:45 am (602 days ago), permalink

As of June 1, all programs in the U.S. and Canada are able to resume Prometric SEE testing, where permitted by regional regulations. Please note that some sites are only available for essential programs, as designated by our essential client list. Please refer to the “Program Availability” column to determine which sites are available to your program. 

Also note the indication below on which sites globally are operating at full occupancy, and which ones continue to operate at limited occupancy, based on local, state and federal guidelines. 

For more info on available testing sites, please click here.

FREE Circular 230 Ethics Course from the IRS Stakeholder: 2 CE hours

posted May 23, 10:11 am (608 days ago), permalink

OPR: Circular 230 and Practicing Before the IRS

Sponsored By: IRS Stakeholder Liaison

Date: June 4, 2020
Time: 2:00 p.m. (ET), 1:00 p.m. (CT), 12:00 p.m. (MDT), 11:00 a.m. (MST), 11:00 a.m. (PT), 8:00 a.m. (Hawaii)

This free 120-minute webinar is open to Tax Professionals and will cover:

  • What it means to "practice before the IRS" and the regulations governing such practice (Circular 230)
  • Your due diligence obligations under Circular 230 and other key Circular 230 provisions.
  • Best practices for all tax professionals with respect to clients and the tax administration system.
  • The Office of Professional Responsibility's disciplinary policies and procedures.
  • Plus a live Q & A

Certificate of Completion are being offered to all participants who qualify. Tax Professionals earn up to 2 CE credits. Category – Ethics.

Closed captioning will be offered in English.

Registration page: https://www.webcaster4.com/Webcast/Page/1148/34673

Questions? Email: cl.sl.web.conference.team@irs.gov

 



Tax Obligations of U.S. Individuals Living and Working Abroad

Date: May 28, 2020

Time: 2:00 p.m. (ET), 1:00 p.m. (CT), 12:00 p.m. (MDT), 11:00 a.m. (MST), 11:00 a.m. (PT), 8:00 a.m. (Hawaii)

This free 120-minute webinar is open to all. Topics covered will:

  • Specify the U.S. income tax obligations of U.S. citizens and resident aliens abroad.
  • List the requirements for claiming the foreign earned income exclusion.
  • Summarize the U.S. employment tax obligations of U.S. citizens and resident aliens abroad
  • Plus a live Q & A

Certificate of Completion are being offered to all participants who qualify. Tax Professionals earn up to 2 CE credits. Category - Federal Tax.

Closed captioning will be offered in English.

Registration: https://www.webcaster4.com/Webcast/Page/1148/34796


To Join the Free PassKey CPE Mailing List, go here and scroll down to the bottom of the page: https://www.passkeyonline.com/

 

 

FREE Data Security CPE course, May 21, 2020

posted May 19, 2:23 pm (612 days ago), permalink

Free CPE Announcement: Presented by the IRS Stakeholder Liaison

Earn 2 CPE Credits for EAs, CTECs, CPAs and other enrolled practitioners

Tax Security 2.0: Tax Pro Security Checklist

WHO: IRS Stakeholder

WHEN: Thursday, May 21, 2020

2:00 p.m. Eastern,

1:00 p.m. Central,

12:00 p.m. Mountain (MDT),

11:00 a.m. Mountain

8:00 a.m. Hawaii

WHERE: Free Online Webinar – Register Below

CPE: 2 credits offered

COST: FREE

SIGN UP LINK: https://www.webcaster4.com/Webcast/Page/1148/34694

 

EA Exam Delayed to May 31, 2020 due to CoronaVirus

posted Apr 30, 7:59 am (631 days ago), permalink

The EA Exam has been DELAYED to May 31, 2020 and the exam carryover of scores has been extended to THREE years. Due to the COVID-19 global pandemic, Prometric’s test centers in the United States and Canada are closed through May 31, 2020.

If you have a SEE appointment scheduled in May, you should have received an email informing you that your appointment is canceled. A Prometric representative will try to contact you once by telephone to reschedule your appointment. If Prometric can’t reach you by telephone, they will reschedule your appointment and send you an email confirmation with your new appointment information.

If the new appointment date and time does not work for you, and to ensure rescheduling fees are waived, please call Prometric at: 800-306-3926 (toll-free) or +1 443-751-4193 (toll) Monday -Friday from 8:00 a.m.- 9:00 p.m. (ET). Additionally, the June 15-29, 2020 international testing window has been cancelled. International candidates are able to schedule in the three remaining windows in August and November 2020 and February 2021.

See available testing dates and locations and see the official IRS news release here: https://www.irs.gov/tax-professionals/enrolled-agent-news

Free Sample Letters for a Start-up Tax and Bookkeeping Business

posted Apr 23, 8:55 pm (638 days ago), permalink

The following sample forms and letters are designed for a tax professional and/or bookkeeper, and may be used freely without the prior consent of the author or publisher. You may freely distribute these forms for your own use only. These forms are informational only and not a substitute for legal advice. If you have legal questions, please consult a qualified attorney.

/files/1388313/Sample_forms_and_letters_only.pdf

These forms are excerpted from Christy Pinheiro's book, How to Start a Successful Home-Based Freelance Bookkeeping and Tax Preparation Business

 

COVID Legislation and the EA Exam

posted Apr 18, 9:23 am (643 days ago), permalink

Congress passed three COVID-related bills in March 2020. These bills included dozens of retroactive tax law changes that will affect the 2018 and 2019 tax year (retroactively) as well as the 2020 tax year going forward. We can confirm that Prometric and the IRS will NOT be testing on any retroactive tax law changes during the May 1, 2020 - February 28, 2021 testing cycle.

 

Prometric announcement

Official IRS Poster: Do you Need to File?

posted Apr 6, 3:06 pm (655 days ago), permalink

Poster Do You Need to File

HOW to CANCEL a Scheduled IRS Payment

posted Mar 30, 3:53 pm (662 days ago), permalink

With everyone being more careful about their spending, here is a simple guide for how to CANCEL a scheduled IRS payment. Feel free to share! And please be safe!

How to CANCEL an already-scheduled IRS payment:

(1) Direct pay: Cancel a scheduled payment by using the confirmation number, use the "Lookup Payment" feature. Cancel at least 2 days before the payment withdrawal date. (

2) EFTPS: "Click on payments" Login and click "cancel a tax payment" and follow the instructions. Must cancel at least 2 days before the withdrawal date.

(3) Direct Debit: You must contact the U.S. Treasury Financial agent directly at: 888-353-4537. You must call at least 2 days prior to the payment date.

(4) Credit card payment: a credit card payment must be canceled through the card payment processor.

 

how to cancel an IRS payment

Free IRS Course: An Overview of the Foreign Tax Credit

posted Jan 27, 10:06 am (725 days ago), permalink

stakeholder liaison banner

An Overview of the Foreign Tax Credit

Thursday, January 30, 2020

This webinar will:

  • Describe the purpose of the foreign tax credit
  • Describe the purpose of properly sourcing income for foreign tax credit computation purposes
  • Determine the criteria that taxes must meet in order to be eligible for the foreign tax credit
  • Discuss the statutory withholding rate versus the treaty rate Provide a live Q & A Closed captioning will be offered.
  • Continuing Education: All participants who qualify will receive a Certificate of Completion.

Tax Professionals earn up to 2 CE Credits - Category: Federal Tax.

Registration: Please visit the registration website.

Questions: Email: cl.sl.web.conference.team@irs.gov Sponsored By: IRS Stakeholder Liaison

Date: January 30, 2020

Time: 2 p.m. (ET), 1 p.m. (CT), 12 p.m. (MT), 11 a.m. (PT), 8 a.m. (Hawaii)

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