by webmaster | Apr 12, 2019 | Uncategorized
The government shutdown has delayed the annual revision of the Special Enrollment Examination. The examination administered starting on May 1, 2019 has not yet been updated and reflects tax law for the calendar year 2017. A revised examination will be released on...
by webmaster | Jul 18, 2018 | Uncategorized
IRS has released a draft version of Form 1040. Following is an edited version of a IRS communication (IR-2018-146, June 29, 2018) regarding the revised form. The new 1040 would replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ. ...
by webmaster | Jun 19, 2018 | Uncategorized
Basis is a huge deal on the Enrolled Agent Exam. This is mostly true when we consider Part 2, which is statistically the hardest part to pass. Partnerships create endless fascination for us tax nerds. One issue that is always considered is the difference...
by webmaster | May 29, 2018 | Uncategorized
Under tax reform there are a number of changes to the use of dependency. However, for the current Enrolled Agent Exam testing season which lasts until February 28, 2019, the old rules for dependency apply. One of the major concepts that test takers need to...
by webmaster | May 13, 2018 | Uncategorized
Basis can be looked at as the taxpayer’s investment for tax purposes. If someone buys a machine for $100 cash it’s easy – the basis is $100. However, property can be acquired in many different ways. That is where the expertise of an Enrolled...