Part 2
Business
Part 2
Business
• 1. Business Entities and Considerations • 1.1 Business entities • 1.2 Partnerships • 1.3 Corporations in general • 1.4 Forming a corporation • 1.5 S corporations • 2. Business Tax Preparation • 2.1 Business income • 2.2 Business expenses, deductions, and credits • 2.3 Business assets • 2.4 Analysis of financial records • 2.5 Advising the business taxpayer • 3. Specialized Returns and Taxpayers • 3.1 Trust and estate income tax • 3.2 Exempt organizations • 3.3 Retirement plans • 3.4 Farmers
• 1.Practices and Procedures • 1.1 Practice before the IRS • 1.2 Requirements for Enrolled Agents • 1.3 Sanctionable acts • 1.4 Rules and penalties • 2. Representation Before the IRS • 2.1 Power of attorney • 2.2 Building the taxpayer’s case—preliminary work • 2.3 Taxpayer financial situation • 2.4 Supporting documentation • 2.5 Legal authority and references • 2.6 Related issues • 3. Specific Areas of Representation • 3.1 Representing a taxpayer in the collection process • 3.2 Penalties and/or interest abatement • 3.3 Representing a taxpayer in audits/examinations • 3.4 Representing a taxpayer before appeals • 4. Filing Process • 4.1 Accuracy • 4.2 Record maintenance • 4.3 Electronic filing
