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.