Rs. 30,999/
Prepare to excel in your journey to becoming an Enrolled Agent (EA) with our all-inclusive course. This program is designed to guide you through all three parts of the EA exam: Individual Taxation, Business Taxes, and Representation, Practices, and Procedures. Gain in-depth knowledge, practical insights, and exam-focused strategies to confidently master IRS tax laws and regulations.
1) Part I: Individual Taxation
2) Part II: Business Taxes
3) Part III: Representation, Practices, and Procedures
- Mastery of the Internal Revenue Code (IRC) and key tax laws for individuals and businesses
- Skills to represent clients effectively before the IRS
- Strategies to prepare and file accurate and compliant tax returns for individuals and entities
- Confidence to tackle all three parts of the EA exam
This program offers a complete roadmap to becoming an Enrolled Agent. With in-depth coverage of each exam section, practical examples, and expert instruction, you’ll gain the knowledge and confidence needed to succeed.
- Aspiring Enrolled Agents preparing for the EA exam.
- Tax professionals seeking to expand their expertise
- Accountants and finance professionals looking to specialize in tax representation
No prior knowledge is required. This course is designed for all levels, starting with the basics and building up to intermediate concepts.
96-100 Hours
4-4 to 5 Month
3 Hours each on Saturday and Sunday Morning
February 22, 2025
Determining who must file a tax return. Filing thresholds based on age, filing status, and income. Exceptions for dependents and other special situations.
Choosing the correct filing status (Single, Married Filing Jointly, etc.). Qualifying Widow(er) with Dependent Child. Head of Household requirements.
Identifying qualifying dependents (Qualifying Child and Qualifying Relative tests). Rules for claiming dependents in shared custody arrangements.
Requirements for Social Security Numbers (SSN), Individual Taxpayer Identification Numbers (ITIN), and Employer Identification Numbers (EIN). Identity theft prevention measures.
Earned income: Wages, salaries, tips. Unearned income: Interest, dividends, capital gains, and rental income. Self-employment income: Profit and loss from businesses. Other income: Gambling winnings, canceled debt, and scholarships.
Taxable vs. nontaxable income (e.g., gifts, life insurance proceeds, and certain benefits). Rules for foreign income and exclusions.
Sales and exchanges of property. Reporting capital gains and losses (Form 8949, Schedule D). Basis of assets (cost basis, stepped-up basis, adjusted basis). Special rules for like-kind exchanges and involuntary conversions.
Medical and dental expenses. Taxes paid (state and local income tax, property tax). Interest paid (mortgage and investment interest). Charitable contributions.Casualty and theft losses (federally declared disasters).
Earned Income Credit (EIC). Additional Child Tax Credit.
Child Tax Credit. Education Credits (American Opportunity Credit, Lifetime Learning Credit). Foreign Tax Credit.
Using tax tables and worksheets. Marginal vs. effective tax rates.
Calculation of self-employment tax (Schedule SE). Deduction for one-half of self-employment tax.
Understanding AMT triggers. Form 6251 and adjustments.
Kiddie Tax rules for dependent children.
Timing of income and deductions. Tax implications of major life events (marriage, divorce, retirement).
Calculating withholding using Form W-4. Estimated tax payments and penalties for underpayment.
Traditional IRA vs. Roth IRA. Contribution limits and phase-outs. Early withdrawal penalties and exceptions.
529 Plans and Coverdell Education Savings Accounts. Tax implications of distributions.
Filing requirements for nonresident aliens (Form 1040-NR). Reporting foreign earned income and exclusions. Foreign tax credit and Form 1116.
Post-2018 alimony tax treatment. Tax implications of property settlements.
Rules for reporting inheritances. Gift tax exclusions and lifetime limits.
Filing requirements for final tax returns. Reporting income in respect of a decedent (IRD).
Overview of types of business entities (sole proprietorships, partnerships, corporations, S corporations, etc.), including formation, tax implications, and differences.
Focus on Form 1065, partnership taxation rules, allocation of income, and reporting requirements.
Detailed study of C corporations, including Form 1120, taxation, dividend distributions, and shareholder considerations.
Key aspects of S corporations, including Form 1120-S, shareholder eligibility, income allocation, and tax treatment.
Comprehensive coverage of gross income, allowable business expenses, and deductions specific to businesses.
Requirements for employers, such as payroll taxes, reporting wages, and filing employment tax forms.
Overview of available business tax credits, eligibility criteria, and their calculation.
Calculation of asset basis, methods of depreciation (MACRS, Section 179, etc.), and rules for asset disposition.
Steps to calculate taxable income for businesses, including adjustments, credits, and tax liabilities.
Application of concepts through sample problems, case studies, and IRS-like scenarios.
Covers who can practice before the IRS, the rights and limitations of Enrolled Agents, and the representation of taxpayers in various scenarios.
Explains Form 2848 (Power of Attorney and Declaration of Representative), its use, and representation rules.
Discusses Circular 230 guidelines for maintaining confidentiality and safeguarding taxpayer records.
Reviews the duties and obligations of EAs, including due diligence, providing accurate advice, and managing conflicts of interest.
Overview of penalties for taxpayers and practitioners, including accuracy-related penalties, preparer penalties, and ethical violations under Circular 230.
Explanation of the audit process, how to prepare clients for audits, and representation during audits.
Covers collection alternatives, including Installment agreements, offers in compromise (OIC), and lien/levy procedures.
Describes the taxpayer’s right to appeal, the role of the IRS Office of Appeals, and the process for filing appeals.
Introduction to the U.S. Tax Court, the types of cases heard, and the role of EAs in tax litigation support.
Detailed discussion of Circular 230, including Subparts A through D, highlighting rules for practice, disciplinary actions, and best practices.
Guidance on how to request taxpayer information from the IRS under FOIA.
Detailed discussion of Circular 230, including Subparts A through D, highlighting rules for practice, disciplinary actions, and best practices.
Real-life scenarios to test knowledge of ethical standards, procedural requirements, and professional responsibilities.