The Basics of Form 8027 for Large Food and Beverage Establishments
This free 100-minute webinar is open to all.
This webinar will cover:
Tax Professionals: Earn up to 2 CE Credits.
Category: Federal Tax.
Closed Captioning will be offered.
Registration: To register for the event, visit the Internal Revenue Service Webinar Registration website.
Questions? Email us at: email@example.com
Sponsored By: IRS Stakeholder Liaison
Date: September 14, 2021
Time: 2:00 p.m. (ET), 1:00 p.m. (CT), 11:00 a.m. (Arizona), 11:00 a.m. (PT), 8:00 a.m. (Hawaii)
SIGN UP LINK: www.webcaster4.com/Webcast/Page/1148/42707
Attention EA exam candidates!
The IRS has announced that EA exam-takers who take their EA exams before August 1, 2021, will NOT receive their test scores immediately upon completion of the examination. They will get their test scores e-mailed to them later (the IRS is using exam results to "analyze" candidate responses). During this period data will be collected and analyzed to establish the passing score. For tests taken during this period a score report will be e-mailed to the test candidate beginning August 5, 2021.
Beginning August 2, 2021, upon completion of the examination, a pass/fail message will appear on your computer screen. In addition, you will receive an email from Prometric containing your score report.
See official details on the Prometric website: https://www.prometric.com/test-takers/search/irs.
You should decide if you don't mind waiting to receive your EA exam scores at a later date. For those that have already scheduled, I suggest going forward with your original exam date.
1. How many continuing education hours must enrolled agents obtain?
Enrolled agents must obtain 72 hours of continuing education every three years. A minimum of 16 hours must be earned per year, two of which must be on ethics. Enrolled agents must use an IRS approved CE provider.
2. I applied during an enrollment cycle, how many continuing education credits must I complete?
If your initial enrollment occurs during an enrollment cycle, you are required to complete 2 hours of qualifying continued education credits per month AND 2 hours of ethics or professional conduct credits per year. When your new enrollment cycle begins, you will be required to satisfy the full 72-hour continuing education credit requirement.
3. I was unable to complete the minimum continuing education credits required during an enrollment cycle, due to extenuating circumstances.
Refer to Section 10.6(j) of Treasury Department Circular 230 to determine if you meet the qualifications to request a waiver of continuing education requirements.
4. What are the recordkeeping requirements for EAs?
Tax Preparers must retain the following records for four years:
Steps to becoming an enrolled agent:
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