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The "no vacancy" sign isn't out for those who possess the best tax knowledge, skills, and experience.
SYU Enrolled Agent Special Enrollment Exam Preparation Program
SYU has partnered with Gleim Publications, Inc., the leader in IRS Special Enrollment Exam preparation, to offer an instructor-led online course to prepare tax professionals for the IRS Special Enrollment Exam.
SYU's Enrolled Agent Special Enrollment Exam Preparation program helps individuals develop the knowledge and skills to accurately and productively perform tax preparation and representation. The program also prepares tax professionals to pass the IRS Special Enrollment Exam (SEE).
Passing the Exam qualifies a tax professional to apply to become a licensed IRS Enrolled Agent (EA). The EA license serves to protect the public interest by helping to ensure that only qualified individuals become licensed.
The Program is facilitated and supported by practicing licensed Enrolled Agents.
Objective
Overview
Why You Should Become an Enrolled Agent
New Requirements for Tax Return Preparers
How to Become an Enrolled Agent
IRS Special Enrollment Exam
Instructor- Led Classroom Instruction
Course Agenda
Support
Student Requirements
Instruction Guide and Materials
Benefits
Who Should Participate
Recommended CPE Credit
Training Format
Fee
30 Day 100% Money Back Guarantee
Register
Objective
SYU's Enrolled Agent Special Enrollment Exam Preparation program serves three purposes:
- Brings new tax personnel up to speed fast,
- Presents tax essentials that guide tax professionals through the day-to-day challenges of tax preparation and representation, and
- Prepares tax professionals to apply to become an Enrolled Agent by passing the IRS Special Enrollment Exam.
Overview
The SYU instructor-led online course using the Gleim Enrolled Agent Review system makes it possible for most tax professionals to pass the IRS Special Enrollment Exam with reasonable effort. SYU's Enrolled Agent Special Enrollment Exam Preparation program emphasizes knowing exactly what will be expected during the Exam and preparing for what is required.
Why You Should Become an Enrolled Agent
Enrolled Agents (EA) are the only tax professionals licensed by the IRS to represent taxpayers before the IRS. These individuals have demonstrated special competence in tax matters and professional ethics. Practice before the IRS includes matters connected with presentations to the IRS relating to a client's rights, privileges, and liabilities under laws or regulations administered by the IRS.
Such presentations include:
- Preparing and filing documents,
- Communicating with the IRS, and
- Representing a client at conference, hearings, and meetings.
EAs may present cases at all levels of the IRS and may represent clients, with or without their presence, on such matters as examination of a filed return, liability for a delinquent return, payment of a past due tax, and submission of a federal tax lien. In short, they act as agents of taxpayers faced with problems involving income taxes, estate and gift taxes, employment taxes, and excise taxes. Because EAs are licensed by the Federal Government, not the states, they can practice anywhere in the United States.
Attorneys and CPAs are automatically eligible to practice before the IRS. If you are not a CPA or an attorney, you should consider preparing for and passing the IRS Special Enrollment Exam.
Preparing a tax return, appearing as a witness for the taxpayer, and furnishing information at the request of the IRS are not considered practice before the IRS. Nonetheless, everyone who works with federal income tax should aspire to become an EA.
New Requirements for Tax Return Preparers
The IRS will establish competency testing for all paid tax return preparers required to register with the IRS who are not attorneys, Certified Public Accountants, or Enrolled Agents.
The IRS will require 15 hours of annual continuing professional education for tax return preparers who are required to register. The continuing professional education requirements will not apply to attorneys, Certified Public Accountants, Enrolled Agents or others enrolled to practice before the IRS.
The IRS will place all signing and nonsigning tax return preparers under Treasury Department Circular 230. The authority granted to those individuals who do not have professional licenses and who are not Enrolled Agents, Enrolled Actuaries or Enrolled Retirement Plan Agents will be limited to preparing tax returns and representing their clients as currently permitted during an examination of any return prepared by the tax return preparer.
How to Become an Enrolled Agent
The IRS contracts with Prometric to develop and administer their Enrolled Agent exam to assure the technical competence and ethical appreciation of persons (other than attorneys and Certified Public Accountants) who practice before the IRS.
You can become an Enrolled Agent by demonstrating special competence in tax matters by taking an online examination administered by Prometric.
- Apply to take the IRS Special Enrollment Examination;
- Achieve passing scores on all parts of the Exam;
- Apply for enrollment on Form 23 Application for Enrollment to Practice Before the Internal Revenue Service; and
- Pass a background check to ensure that you have not engaged in any conduct that would justify the suspension or disbarment of an attorney, CPA, or EA from practice before the IRS.
IRS Special Enrollment Exam
The 10.5 hour examination (12 hours total seat time to include tutorials and surveys) covers federal taxation and tax accounting and the use of tax return forms for individuals, partnerships, corporations, trusts, estates, and gifts. It also covers ethical considerations and procedural requirements.
The exam consists of three parts with 3.5 hours for each part (4 hours total seat time to include tutorial and survey). The questions on the examination are directed toward the tasks that Enrolled Agents must perform to complete and file forms and tax returns and to represent taxpayers before the IRS.
There are three parts of the exam which cover the following tax topics:
Part 1 – Individuals
Part 2 – Businesses
Part 3 – Representation, Practice, and Procedures
Key detail information about the exam is as follows:
- A passing score (established by the IRS as 105) is determined for each of the three parts
- Exams are offered May 1, 2010 through February 28, 2011. There is no testing in March or April.
- Candidates may schedule each part of the exam at their convenience, in any order. It is not required to take all parts in one sitting. Exam fees are $101 per part.
- Prometric maintains approximately 300 test sites throughout the U.S. and internationally. To enter the testing facility, you must present a valid, government-issued identification card containing both your signature and picture.
- Each part of the exam has about 100 questions along with a small number of experimental questions that are not scored (you will not know which questions will count towards your score and which are included to gather statistical information on questions prior to being added to the exam).
- The exam includes three types of multiple choice questions: direct question, incomplete sentence and all of the following except.
- Exam results are scaled, by calculating the number of questions answered correctly from the total number of questions asked and converting to a scale that ranges from 40 to 130.
- Test results are available immediately following the exam. Candidates who pass are not told their score, but are told that they have passed. Candidates who fail are told their score, as well as diagnostic information to help prepare for re-examination.
- Candidates who do not pass a part of the exam after four attempts during the May 1 through February 28 test window must wait until the next testing period before attempting the part again.
- Candidates have a two year window from the time they pass the first part to pass the other two parts of the exam.
Full information about how to register for the Exam can be found at www.prometric.com/irs.
Instructor- Led Classroom Instruction
The SYU Enrolled Agent Special Enrollment Exam Preparation program is designed as a three month (40 hours) recorded online instructor-led classroom instruction course. However, the course is a self-study, self-paced course. Therefore, the actual length of the course is determined by the amount of time you dedicate to the course and your current understanding of tax preparation and representation.
Course Steps:
- View recorded online Enrolled Agent Special Enrollment Exam Preparation instructor-led classroom instruction
- Complete Gleim EA Review for the IRS Special Enrollment Exam Manual chapter reading assignment
- Take Gleim Test Preparation Software chapter pre-test
- Take Gleim Test Preparation Software chapter test
- Submit questions and receive answers via email to instructor
- Take and pass IRS Special Enrollment Exam Part 1 Exam
- Take and pass IRS Special Enrollment Exam Part 2 Exam
- Take and pass IRS Special Enrollment Exam Part 3 Exam
You can attend the recorded online training at anytime and from anywhere with any Internet connected computer. The training is self-paced and provides unlimited viewing access. The free downloadable player allows you to start, pause, stop, and resume the training as you please. If you stop and leave the training, you can note the time counter time and advance the training to resume right where you left off.
Important: You should have a high speed Internet connected computer to view the training and must have a sound card and speakers to hear the training.
For more information about our recorded online training, click Recording Online Training.
Course Agenda
Part 1 – Individuals
Session 1. Gross Income
Session 2. Business Deductions
Session 3. Above-the-Line Deductions and Losses\
Session 4. Itemized Deductions
Session 5. Filing Requirements
Session 6. Tax Credits
Session 7. Basis
Session 8. Adjustments to Asset Basis and Capital Gains and Losses
Session 9. Business Property, Related Parties, and Installment Sales
Session 10. Nonrecognition Property Transactions
Session 11. Individual Retirement Accounts
Session 12. Estate Tax
Session 13. Gift Tax
Part 2 – Businesses
Session 1. Accounting Methods and Periods
Session 2. Income and Property Transactions
Session 3. Business Expenses
Session 4. Other Deductions
Session 5. Basis
Session 6. Depreciation
Session 7. Credits, Losses, and Additional Taxes
Session 8. Contributions to a Partnership
Session 9. Partnership Operations
Session 10. Disposition of a Partner's Interest
Session 11. Corporations
Session 12. Corporate Formation
Session 13. Corporate Income and Losses
Session 14. Corporate Deductions
Session 15. Distributions
Session 16. Corporate Liquidations and Redemptions
Session 17. S Corporations
Session 18. Decedent, Estate, and Trust Income Tax Returns
Session 19. Retirement Plans for Small Businesses
Session 20. Exempt Organizations
Part 3 – Representation, Practice, and Procedure
Session 1. Practice Before the IRS
Session 2. Tax Preparers and Penalties
Session 3. Representation
Session 4. The Collection Process
Session 5. Examination of Returns and the Appeals Process
Session 6. Tax Authority
Session 7. Record Keeping and Electronic Filing
Support
Students ask questions and receive answers via email to instructors
Student Requirements
- Computer
- High Speed Internet Access
- Commit 3 to 6 hours of study per week
Instruction Guide and Materials
Students receive the following Gleim Publication, Inc. materials:
- EA Review for the IRS Special Enrollment Exam Guide
- Test Preparation Software
- Test Preparation for Pocket PC Software
- Audio CDs
- Gleim Online
Benefits
- Trains New Tax Personnel
- Improves Tax Personnel's Knowledge and Skills
- Improves the Tax System, Processes, and Tasks
- Increases Tax Preparation Productivity
- Addresses Day-to-day Tax Questions
- Prepares Enrolled Agent candidates for the IRS Special Enrollment Exam.
Who Should Participate
- Individuals who want to provide tax preparation and representation services
- Tax professionals who want to enhance their tax knowledge and skills
- Tax professionals who want to pass the IRS Special Enrollment Exam.
Recommended CPE Credit
24
Fee
$299 Part One
$299 Part Two
$299 Part Three
$897 Part One, Two, and Three
30 Day 100% Money Back Guarantee
If you are not completely satisfied with our Enrolled Agent Special Enrollment Exam Preparation program, please contact us and you'll receive a full refund.
Register
To register, click the Register button below or call 801-288-1222.
All Parts (Part One, Two, and Three)
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