Enrolled Agent Part 1 - Individuals Mini Test

Enrolled Agent Part 1 - Individuals Mini Test

EA Part 1 Mini Test (Topic - Filing Status and Residency )

Enter Your Details





Popular posts from this blog

The Role and Importance of Enrolled Agents in Taxation and Enrolled Agent Exam Part 1 (Individual) Free Practice Test - 5

Image
Enrolled agent exam free practice test   Introduction  Enrolled Agents (EAs) are tax professionals with a unique and vital role in the world of taxation. They are authorized by the Internal Revenue Service (IRS) to represent taxpayers in various tax matters. In this comprehensive article, we will explore the profession of Enrolled Agents, their training and certification, the Special Enrollment Examination (SEE), their continuing education requirements, and the significance of their role in the tax system. We will also delve into the ethical and suitability standards that EAs must adhere to, their responsibilities in representing clients, and the benefits of hiring an Enrolled Agent. Note – Keep patience EA Free practice test is available below the article utill then you read the Complete information about enrolled agent. What is an Enrolled Agent?  An Enrolled Agent is a tax professional who has earned the privilege to represent taxpayers before the IRS. Unlike other tax...
Read more

Enrolled Agent (EA) Exam Part 1: Individuals - Syllabus

  EA Exam Part 1: Individuals - Syllabus  1. Preliminary Work and Taxpayer Data (16%) Personal Information & Filing Status Identifying the taxpayer Filing status determination Dependent qualifications Income Sources & Documentation W-2, 1099s, and other tax documents Self-employment and gig economy income Rental income and other earnings Recordkeeping Requirements Retaining tax records and substantiating deductions 2. Income and Assets (20%) Types of Income Wages, salaries, and tips Interest, dividends, and capital gains Retirement distributions (IRA, pensions, Social Security) Rental, royalty, and business income Foreign income considerations Capital Gains and Losses Short-term vs. long-term gains Basis calculations and sale of assets Taxable and Nontaxable Income Gifts, inheritances, life insurance, and scholarships 3. Deductions and Credits (18%) Standard vs. Itemized Deductions Mortgage interest, medical expenses, state/local taxes, and ch...
Read more