please answer the following questions Examination Questions 45 Hour Federal Tax
ID: 2602068 • Letter: P
Question
please answer the following questions
Examination Questions 45 Hour Federal Tax Lvw 269 General y each tax practitioner who applies for renewal to practice before the Internal Revenue Service must required with regard to quaitying continuing professional education hours How long must retain the information records of completed continuing professional education (CPE) be retained? The individual is not required to retain the information it the continuing professional education sponsor has agreed to retain it B F C For a period of 4 years following the date of renewal of enrolment D. For a period of 5 years if it is an initial enroliment or a period of 1 year following the date of renewal of enrollment 270. Identify the individual below who is not eligible to practice before the IRS None of the individuals are under suspension or disbarment A. Certified financial planner B. Attorney C. Enrolled agent O. Enrolled actuary, with respect to specified statutory issues 271. Jim Brown, a tax practitioner, received a complaint from the IRS for disreputable conduct. Which of the following items was not required to be listed in the complaint? A The unit and employee of the Internal Revenue Service that recommended the action against Jim B. Clear and concise description of the facts that constitute the proceeding C. Clear and concise description of the law that constitute the proceeding D. Specific sanction sought 272. Which of the following statements is correct with respect to a client's request for records of the client that are A. The practitioner may never return records of the client to the client even if the client requests prompt return B. The existence of a dispute over fees always relieves the practitioner of his or her responsibility to return C. The practitioner must, at the request of the cient, promptly return the records of the client to the client D. The practitioner must, at the request of the client, return the records of the client to the client w thin three necessary for the client to comply with his or her Federal tax obligations? of the records records of the client to the client unless applicable state law provides otherwise months of receiving the request 273. How is a proceeding for violation of the regulations in Circular 230 instituted against a tax practitioner? A. An aggrieved taxpayer files a petition with the United States Tax Court stating a claim against the attorney B. The IRS representative signs a complaint naming the tax practitioner and files the complaint with the C. The Secretary of the Treasury files a complaint against the attorney, certified public accountant, registered D. The Commissioner of the IRS files a complaint against the attorney, certified public accountant, registered certified public accountant, registered tax return preparer, enrolled agent, enrolled retirement plan agent or enrolled actuary Administrative Law Judge (ALJ) tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary in the United States District Court for the District of Columbia tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary with the United States Tax Court 274. If an IRS examiner believes that a tax practitioner filed a return that contains a frivolous position, to whom does he report his concern? A. B. C. D. To the practitioner To the practitioner's supervisor To the Director of the Office of Professional Responsibility To the Secretary of the TreasuryExplanation / Answer
269- Answer is C
Generally, each tax practitioner who applies for renewal to practice before the Internal Revenue Service must retain the information required with regard to qualifying continuing professional education hours. How long records of completed continuing professional education (CPE) must be retained?
For a period of 4 years following the date of renewal of enrollment
Because Must certify CPE requirements are met in each enrollment year (4/1 – 3/31), and keep records for 4 years afterward.
270-Answer is B
Any attorney who is not currently under suspension or disbarment from practice before the IRS and who is a member in good standing of the bar of the highest court of any state, possession, territory, commonwealth, or the District of Columbia may practice before the IRS.
271- Answer is B
Solution: Clear and concise description of the facts that constitute the proceeding
Explanation: It must contain clear and description of material facts upon which claim is based. Moreover should not be vague and embarrassing
272- Answer C
In general, a practitioner must, at the request of a client, promptly return any and all records of the client that are necessary for the client to comply with his or her Federal tax obligations.
273- Answer is D
The Commissioner of the IRS files a complaint against the attorney, certified public accountant, registered tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary with the United States Tax Court.
Proceeding is instituted by a complaint signed by the Director/commissioner of OPR
274- Answer is C
To the Director of the Office of Professional Responsibility
It will be first reported To the Director of the Office of Professional Responsibility in order that proper action taken against the practitioner and such situation are avoidable in future.
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