Enrolled Agent Review, Part 1 - Individuals

Only enrolled agents, attorneys, and CPAs have unlimited rights to represent taxpayers before the IRS.
Have your sights set on becoming an enrolled agent? Enrolled agents (EAs) are America's tax experts; they are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS. Enrolled agents are equipped to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. This course serves as an excellent first step toward an exciting career as an EA.

EA licenses are earned either by passing a comprehensive examination, the Special Enrollment Exam (SEE), which covers all aspects of the tax code; or after having worked at the IRS for five years in a position which regularly interpreted and applied the tax code and its regulations. All candidates are subjected to a rigorous background check conducted by the IRS.

This course focuses on individual tax returns and is the first course in a three-part series designed to prepare you to study for the rigorous EA exam, network with fellow tax industry professionals and learn tax management skills.

Topics include:

  • Filing requirements
  • Gross income
  • Business deductions
  • Above the line deductions and losses
  • Itemized deductions
  • Tax credits
  • Basis
  • Capital gains and losses
  • Business property and installment sales
  • Non-recognition of property transactions
  • IRAs
  • Gift tax
  • Estate tax

Prerequisites :

No prerequisites