Thursday, August 17, 2017
Two Sessions Available
Understanding S Corporations Part I - Overview and Election
This webinar will provide an overview of:
Presenters: Richard Furlong, Senior IRS Stakeholder Liaison
Moderator: Kristen Deazeley, IRS Stakeholder Liaison
August 17, 2017 – 11:00 a.m. Eastern
Register & Attend: https://www.webcaster4.com/Webcast/Page/1148/21596
August 17, 2017 – 2:00 p.m. Eastern * (closed captioning)
Register & Attend: https://www.webcaster4.com/Webcast/Page/1148/21598
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Don't forget to renew your license on the next enrolled agent renewal cycle, which begins this coming January! The current EA renewal cycle is based on the last digit of your social security number, as follows:
If your SSN ends in:
You can apply for renewal by filing Form 8554 or by filing online at Pay.gov (and just put 8554 in the search box). Don't forget to renew your enrolled agent license! It is the IRS position that you must renew even if you don't receive an official renewal notice.
A hearty congratulations to Lisa Fuest, who is now officially an ENROLLED AGENT! Congratulations on your licensing, Lisa! We are so happy that PassKey EA Review was a small part of your huge success! Thank you to Keisha at mymugsandmore for creating such a lovely gift for our customers.
Thursday, May 18, 2017
Web Conference for:
IRS Stakeholder Liaison
Session 1 – 11a.m. Eastern; 10 a.m. Central; 9 a.m. Mountain; 8 a.m. Pacific; 5 a.m. Hawaii
Session 2 * – 2 p.m. Eastern; 1p.m. Central; 12 p.m. Mountain; 11a.m. Pacific; 8a.m. Hawaii
*Closed captioning offered for Session 2 ONLY.
This web conference will provide an overview of the following:
Register and Attend:
Closed captioning offered for Session 2 web conference ONLY.
Continuing Education: Tax Professionals – Earn 1 CE Credit – Category: Federal Tax
Questions? Email us at: SBSE.SL.Web.Conference.Team@irs.govPlease click the "Share" buttons below to share this free webinar with other tax professionals!
Are you looking for a good Enrolled Agent Certificate course, but you also want to earn college credit?
Many enrolled agent candidates contact us for live courses. We are proud to announce that PassKey EA Review has been chosen as the official textbook for Front Range College's Enrolled Agent Certificate Program! If you live in Colorado, check out their EA Review program. You can earn college credits as well as get a great review program from an accredited college.
For tax professionals who have been asked to re-validate their e-file accounts, here is some information from the official Northern CA IRS Stakeholder Liaison.
A new update from one of our local IRS Liaisons...
Good afternoon everyone,
If you received a Letter 5903, e-Services Revalidation, you must revalidate your identity. For a limited time, the e-Services Help Desk will have additional staff available to only assist tax professionals who need to revalidate their identity to have their e-Services registration account reinstated.
Additional assistors will be in place Wednesday, March 22 through Friday, March 24.
E-Services registration accounts were suspended for tax professionals who received Letter 5903 and failed to revalidate their identities within the required 30-day time period. The IRS urges tax professionals who need to revalidate their identity to do so now when extra staff is on hand and not wait until there is an emergency need to access their e-Services accounts.
Letter recipients must revalidate even if they are infrequent users of e-Services or its tools. As a reminder Authorized IRS e-file Providers must ensure the IRS has current information by reviewing and updating their IRS e-file application within thirty days of a change which requires access to your e-Services registration account. Letter 5903 was issued to those tax professionals who have access to sensitive taxpayer data through e-Services and who have accessed their accounts in the past year. This is part of the IRS’ ongoing effort to strengthen security around certain self-help tools on IRS.gov and better protect taxpayer and tax professional data.
More information is available at https://www.irs.gov/tax-professionals/e-services-online-tools-for-tax-professionals
Internal Revenue Service
Communication and Stakeholder Outreach (CSO)
Stakeholder Liaison – Field (SLF)
On Jan. 20, 2017, an executive order signed by newly elected president Donald Trump directed federal agencies to exercise authority and discretion available to them to reduce potential burden of the ACA.
On February 15, 2017, the IRS released the following statement regarding the Annual Shared Responsibility Payment: The IRS is currently reviewing the Jan. 20, 2017, executive order to determine the implications. Taxpayers should continue to file their tax returns as they normally would.
On February 3, 2017, the IRS disabled the e-file error (business rules IND 069 and IND 070) related to the Annual Shared Responsibility Payment and will currently accept an e-filed return that leaves the box unchecked. At the time of this book’s printing, the current legislative provisions of the ACA law are still in force, and taxpayers remain required to follow the law and pay what they may owe.
It seems like the IRS has decided to follow the president's executive order. As a tax professional, What would you do?
The official enrolled agent exam content specs are public information.
Although the IRS no longer releases exam questions to the public, exam candidates can download and view the official EA Exam content outlines. The information is very helpful as an overview of the topics that you should study for the exam.
Read the full detailed test specifications to become familiar with the content of each part of the examination (these are pdf downloads). Use these as a study tool to help you familiarize yourself with the content of each EA exam part!
Attn Licensed Enrolled Agents! The IRS has begun conducting random CPE audits. Make sure you are up too date on all your required CPE for the year (remember, it's 16 hours minimum, and 2 hours of ethics every single year!) You can sign up for free CPE alerts here. Don't miss out on getting free CPE every month of the year!
The 2017 Enrollment Renewal Application Period is open from November 1, 2016 through January 31, 2017. You have until March 31, 2017 before your license expires if your SSN ends in 4, 5, or 6. Hurry!
The PassKey EA Exam study handouts are now only available on the PassKey Online study website. See the screenshot below to see how to access the pdf handouts, which you can print or use to help enhance your EA Exam study tools.