Supplemental wages are compensation paid in addition to an employee’s regular wages. They do not include payment for:
A. Accumulated sick leave
B. Nondeductible moving expenses
C. Vacation pay
D. Travel reimbursements paid at the Federal Government per diem rate

There are five tests which must be met for you to claim an exemption for a dependent. Which of the following is not a requirement?
A. Citizen or Resident Test
B. Member of Household or Relationship Test
C. Disability Test
D. Joint Return Test

SEE Sample Test Questions Part 2 (by IRS)

1. If a corporation allows earnings to accumulate beyond the reasonable needs of the business, it may be subject to an accumulated earnings tax of

(A) 10%
(B) 15%
(C) 20%
(D) 25%

Key: C
References: IRC § 531; IRS Pub 542, Pg. 17

2. What is the maximum number of shareholders a corporation may have to be eligible to elect to be treated as an S corporation?

(A) 25
(B) 50
(C) 100
(D) 200

Key: C
References: IRC 1361(b)(1)(A); IRS, Instructions for Form 2553, Pg. 1

3. Which of the following will disqualify a corporation from electing S corporation status?

(A) 75 shareholders
(B) voting and non-voting stock
(C) a non-resident alien stockholder
(D) an employee stock option plan shareholder

Key: C
References: IRS, Instructions for Form 2553, Pg. 1; IRC 1361(b)(1)(C)

4. An S corporation stockholders’ basis is generally increased by

(A) distributions
(B) nontaxable discharge of indebtedness
(C) separately stated loss items
(D) taxable income

Key: D
References: IRC 108 (d)(7), 26 U.S.C. §§ 1367 and 1366; Treasury Regulations § 1.1366-1(a)(2)(viii)

5. Cancellation of Debt (COD) income for a Sub-Chapter S Corporation

(A) flows to shareholder if income is excluded by the S corporation.
(B) is recognized as income to an S Corporation regardless of the extent of corporate insolvency.
(C) is not excluded from gross income to the S Corporation when granted in Chapter 11 reorganizations.
(D) flows to shareholders if income is not excluded by the S Corporation.

Key: D
References: Income from Discharge of Indebtedness, IRC §§ 108(a)(1) and 108(d)(7)

6. All of the following are true regarding cancellation of debt income for S corporations EXCEPT:

(A) the canceled amount is considered gross income on Form-1120S
(B) the amount of canceled debt excluded from income will increase the basis of the shareholders’ stock
(C) the pro rata share of the canceled debt income will pass through to the shareholders
(D) canceled debt income may be excluded to the amount of insolvency of the S corporation

Key: B
References: IRC §§ 108(d)(7)(A), 61(a)(12), and 1366(a); Reg. 1.108-7(d); Form 1120 Instructions, pgs. 13-14

7. All of the following would be included in the gross receipts of a business for a tax year EXCEPT:

(A) sales made but income not collected during the tax year for a business using an accrual accounting method
(B) sales taxes collected by a business using the cash accounting method
(C) the fair market value of property the business received in exchange for a good or service bartered
(D) lease bonus and lease cancellation payments received from a lessee renting personal property or real estate from the taxpayer

Key: B
References: Publication 334, Chap 5, pgs. 20-27 & Chap 6, pg. 38; Gross Income Defined, IRC § 61

8. Which of the following would generally be reported as other income for a business?

(A) proceeds from international sales
(B) bad debts recovered
(C) sales tax collected
(D) income not reported on a Form 1099-MISC

Key: B
References: IRS, Instructions for Schedule C (Form 1040), Pg. C-5; Pub. 535, pgs. 40-41 (Rev. 2016)

9. If a company is an accrual taxpayer, what is the amount of gross receipts reported on the taxpayer’s Form 1040 Schedule C based on the information below?

Service income $25,000
Gain on the sale of an asset $1,500
Interest on accounts receivable $3,000

(A) $25,000
(B) $26,500
(C) $28,000
(D) $29,500

Key: A
References: IRS, Tax Guide for Small Business Publication 334, Chap 5, pgs. 20-27; Instructions for Schedule C (Form 1040), Pg. C-5

10. Under the updated capitalization and repair rules, amounts paid for which of the following activities generally are not required to be capitalized unless an election is made to treat them as capital expenditures?

(A) Protecting property through routine maintenance
(B) Amelioration of a pre-existing material defect
(C) Putting property in a better condition
(D) Restoring property to a previous condition from a state of disrepair

Key: A
References: IRC § 263; Treas. Reg. § 1.263(a)-3

11. The computation of recapture amounts is not necessary when the business use percentage of Section 179 or listed property exceeds

(A) 10%
(B) 25%
(C) 45%
(D) 50%

Key: D
References: IRC § 280F(b)(2); Treas. Reg. § 1.179-1(e)(2); Instructions for Form 4797

12. If a corporation makes a below-market loan to a shareholder, the corporation generally is deemed to make a payment to the shareholder for federal tax purposes. This deemed payment is treated as a(n)

(A) gift
(B) dividend
(C) a payment of compensation
(D) honorarium

Key: B
References: Below Market Loans, Section 7872(c); IRC, § 7872; Publication 535, pg. 15

13. A corporation makes a $100,000 term loan to a shareholder. The stated principal amount of the loan is payable in ten years. The test rate used to determine if the loan is a below-market loan is the:

(A) short-term applicable Federal rate as of the day the loan is made
(B) mid-term applicable Federal rate as of the day the loan is made
(C) long-term applicable Federal rate as of the day the loan is made
(D) adjusted applicable Federal rate as of the day the loan is made

Key: C
References: Treatment of loans with below market interest rates: IRC sections 1274(d) and 7872; Publication 535, pg. 15.

14. All of the following are true regarding Income in Respect of a Decedent (IRD) EXCEPT:

(A) IRD is income the decedent would have received had death not occurred.
(B) The character of the IRD remains the same as it would have been to the decedent had they not passed.
(C) If an individual receives IRD and includes it on their return, they are not allowed to claim a deduction for the estate tax paid on that income if Form 706 was filed.
(D) IRD must be included as income on either the decedent’s estate return, if the estate receives it, or any person to whom the estate properly distributes the right to receive it.

Key: C
References: IRC, § 691; IRS, Survivors, Executors and Administrators, Publication 559 Pgs. 9-10, 12

15. All of the following returns would include income in respect of a decedent EXCEPT:

(A) the final Form 1040 for the decedent
(B) the decedent’s estate, Form 1041, if the decedent’s estate receives right to the income
(C) the Form 1040 of any person to whom the decedent’s estate properly distributes the income
(D) the beneficiary’s Form 1040, if the right to income arising out of the decedent’s death is passed directly to the beneficiary and is never acquired by the decedent’s estate

Key: A
References: IRC 691(a)(1); Publication 559; Survivors, Executors and Administrators, pg. 9. Recipients of income in respect of decedents

16. A paycheck issued after the date of death to a taxpayer for work performed prior to death is considered

(A) non-taxable income
(B) income in respect of a decedent
(C) excess compensation
(D) deferred income

Key: B
References: Pub 559, Survivors, Executors, and Administrators Pg. 10; IRC §691(a)(1)

17. What is the tax consequence of a taxpayer receiving the wages that were due to a decedent at the time of their death?

(A) There is no tax consequence. Inheritances are not taxable.
(B) The income is considered a long term capital gain because it was inherited.
(C) The income is considered ordinary income just as it would have been considered for the decedent.
(D) The income is considered a short term capital gain if it is paid out within one year of the decedent’s death.

Key: C
References: IRS, Publication 559 Survivors, Executors, and Administrators Pgs. 9, 10; IRC § 691; Reg. § 1.691(a)-3(a)

18. An organization may qualify under Section 501(c)(3) if it is organized exclusively for which of the following purposes?

(A) charitable
(B) business
(C) political action
(D) personal

Key: A
References: IRS Publication Instructions for Form 1023; Code Section 501(c)(3)

19. All of the following are reporting requirements of a qualified retirement plan EXCEPT:

(A) submit Form 5500 – Annual Return of Employee Benefit Plan
(B) information on certain contributions, conversions, and distributions to retirement plans reported on Form 8606
(C) distributions from the plan are reported on Form 1099-R
(D) participants must receive period statements of their account benefits

Key: B
References: The Dept. of Labor’s Reporting and Disclosure Guide for Employee Benefit Plans which is on the DOL website and referred to on IRS.gov; Publication 590-A, various pages

20. Generally, the deadline to file Form 5500, Annual Return/Report of Employee Benefit Plan is the

(A) fifteenth day of the fourth month after the end of the plan year
(B) fifteenth day of the fifth month after the end of the plan year
(C) fifteenth day of the seventh month after the end of the plan year
(D) last day of the seventh month after the end of the plan year

Key: D
References: IRS, Annual Return/Report of Employee Benefit Plan, Pg. 4 2016 Instructions for Form 5500; Treas. Reg. §301.6058-1(a)(4)

Page Last Reviewed or Updated by IRS(미국국세청): 18-Apr-2017

SEE Sample Test Questions Part 3 (by IRS)

1. Under Treasury Department Circular No. 230, all of the following are considered to be incompetence and disreputable conduct EXCEPT:

(A) conviction of any criminal offense under the Federal tax laws.
(B) conviction of any criminal offense involving dishonesty or breach of trust.
(C) willfully disclosing tax return information with the consent of the taxpayer.
(D) willfully failing to sign a tax return prepared by the tax practitioner as required by Federal tax laws.

Key: C
References: Treasury Department, Section 10.50 and 10.51 of Circular 230, Pgs. 29 and 30

2. An Enrolled Agent (EA) can be sanctioned under Circular 230 in each of the following ways EXCEPT:

(A) monetary penalty
(B) imprisonment
(C) censure
(D) disbarment

Key: B
References: Circular 230 Section 10.50

3. How many years in the future can an authorization on a Form 2848 be recorded to the Centralized Authentication File (CAF)?

(A) Current year + 1
(B) Current year + 2
(C) Current year + 3
(D) Current year + 4

Key: C
References: Instructions for Form 2848 pg. 3

4. A taxpayer filed an appeal of an IRS examination and then signed IRS Form 8821, Tax Information Authorization, on behalf of an Enrolled Agent (EA). Which of the following is correct?

(A) The EA may represent the client before IRS Appeals based on the Form 8821.
(B) The EA may represent the client before IRS Appeals with the oral consent of the client.
(C) The EA may represent the client before IRS Appeals with a note attached by the client.
(D) The EA may not represent the client before IRS Appeals.

Key: D
References: Form 2848 Instructions pg. 2

5. In preparing an Earned Income Credit Worksheet and Form 8867, how long should a return preparer retain copies?

(A) one year from the filing of the return
(B) two years from the filing of the return
(C) three years from the filing of the return
(D) six years from the filing of the return

Key: C
References: Reg. 1.6695-2(b)(4)(i) and (ii)

6. An Enrolled Agent (EA) is in the process of representing Taxpayer A before the Internal Revenue Service for a tax matter. Taxpayer A’s ex-husband also asked the EA to represent him for the same matter. Which of the following is NOT required for the EA to represent both?

(A) The EA must notify the Office of Professional Responsibility that the EA will be representing both taxpayers
(B) Both taxpayers must waive the conflict of interest and give informed consent in writing to the EA
(C) The EA must reasonably believe that the EA will be able to provide competent and diligent representation to both taxpayers
(D) The representation is not prohibited by law

Key: A
References: Circular 230 Page 22, Section 10.29

7. An Enrolled Agent (EA) prepared an individual income tax return for a taxpayer with a balance due of $25,597. The taxpayer is not able to pay the entire amount upon filing and would like to set up an installment agreement. Which of the following statements are correct with regard to this agreement?

(A) Since the taxpayer owed more than $25,000 the taxpayer may not apply online.
(B) The taxpayer will not be charged a user fee to set up this installment agreement.
(C) The taxpayer must be in filing compliance.
(D) The taxpayer will not be charged interest and penalties while making installment payments.

Key: C
References: Publication 594 Page 3

8. In order for the IRS to grant a guaranteed installment agreement, a taxpayer must have not failed to file any income tax returns or pay any tax shown on such returns during any of the preceding

(A) 3 taxable years.
(B) 5 taxable years.
(C) 6 taxable years.
(D) 10 taxable years.

Key: B
References: IRC 6159(c)(2)

9. A taxpayer is provided a $300 per month mileage allowance for business travel from employer. In order for this to be a non-taxable item, which of the following is true?

(A) The taxpayer must return any excess reimbursement within 180 days after the expense was paid or incurred.
(B) The taxpayer must adequately account for the expenses within 60 days after they were paid or incurred.
(C) The taxpayer must receive the advance within 60 days of the time the taxpayer has the expense.
(D) The taxpayer must adequately account for the expenses within 30 days after they were paid or incurred.

Key: B
References: Reg. § 1.62-2(g)(2); Publication 463 Chapter 6 Page 30

10. Which of the following tasks can be performed by any Enrolled Agent (EA) on behalf of their client?

(A) Prepare and file a suit for refund in United States District Court.
(B) Prepare and sign a United States Tax Court petition to contest a notice of deficiency.
(C) Prepare and sign a protest to challenge examination results in the IRS Appeals Office.
(D) Prepare and file a bankruptcy petition in United States Bankruptcy Court due to unpaid tax balances.

Key: C
References: IRS Form12203; Pub 947; Pub 5; Instructions for Form 2848, pg. 2

11. An Enrolled Agent (EA) can represent a taxpayer

(A) before any administrative level of the IRS
(B) only if the EA prepared the return
(C) at all tax related federal court proceedings
(D) before collections, examinations and Tax Court

Key: A
References: Tax Court Rule 200; Circular 230, sections 10.2, 10.3 & 10.32

12. A new client visits an Enrolled Agent (EA). The taxpayer believes that the U S tax system is purely voluntary and filed a return showing no income tax, requesting all withholding be refunded. The IRS assessed a $5,000 frivolous return penalty.

The taxpayer has received a Notice of Intent to Levy and Right to Collection Due Process (CDP) Hearing concerning the $5,000 penalty. The taxpayer wants the EA to present the previous arguments about the tax system.

Which of the following is a correct statement regarding the CDP hearing request raising arguments previously deemed frivolous?

(A) If the appeal is deemed frivolous, the taxpayer will be given 30 days to withdraw or amend the CDP appeal.
(B) The EA would not be subject to a frivolous return penalty by submitting the CDP hearing request.
(C) Since a $5,000 return penalty has been assessed, a second penalty cannot be assessed for the same tax period.
(D) In all circumstances, filing the CDP request will suspend any levies while Appeals considers the request.

Key: A
References: IRC 6702

13. A taxpayer received a notice from the IRS saying a prior year’s tax return had been examined, creating a tax assessment of $2,560. The taxpayer disagrees with the amount of tax assessed. The taxpayer could request an audit reconsideration in all of the following situations EXCEPT:

(A) the full amount owed has already been paid
(B) there is new documentation for the examination
(C) they neither appeared for the examination nor sent information to the IRS
(D) they moved and never received the examination notice

Key: A
References: Publication 3598

14. An Enrolled Agent’s (EA’s) client is an individual taxpayer who is requesting assistance with a proposed penalty. All of the following are methods of addressing the penalty, EXCEPT:

(A) Prior to a penalty being assessed in an examination, it may be appealed via deficiency procedures.
(B) Prior to assessment, the EA can request binding arbitration to reconsider the penalty.
(C) After the penalty has been assessed, a written request for abatement can be submitted.
(D) After the penalty has been assessed and paid, the EA can prepare a claim for refund.

Key: B
References: Methods of Appealing Penalties, IRM 20.1.1.4

15. An Enrolled Agent has privilege in relation to tax matters that include communications regarding

(A) tax shelters
(B) tax return preparation
(C) representation before the IRS
(D) criminal tax proceedings in federal court

Key: C
References: Code section 7525 (a)( 1) and (2) and (b)

16. An Enrolled Agent (EA) represents a married couple in an ongoing examination. One afternoon, the taxpayer-wife shows up early to a meeting at the EA’s office. Off the record, the taxpayer-wife confides to the EA that the examination is causing marital strife, and that the taxpayer-wife is not sure but now suspects that her spouse may have taken erroneous business deductions. All of the following activities would address the conflict of interest EXCEPT:

(A) Politely advising the client that this meeting was not appropriate, and make sure that no further meetings occur unless both spouses are present.
(B) Informing both spouses of the potential ability to seek an innocent spouse determination as part of this examination as it moves forward.
(C) Advising both spouses that there could be a conflict of interest going forward in representing both of them, and they may wish retain their own counsel in the matter.
(D) If the taxpayer-wife does not consent to the EA sharing her concerns with her husband, the EA cannot obtain informed consent from the husband to continue to represent both spouses without violating her confidences. To continue to represent the taxpayer-wife alone would also pit the EA against the taxpayer-husband, his former client. Thus, the EA should withdraw from representation of either spouse.

Key: A
References: Circular 230, section 10.29

17. An Enrolled Agent (EA) represented both a taxpayer and a former business partner of the taxpayer before the Internal Revenue Service with regard to a specific tax matter. Due to the potential conflict of interest, the EA obtained a written consent from each of the clients waiving the conflict of interest and giving informed consent. The EA must keep those written consents for how long after the conclusion of representation?

(A) 24 Months
(B) 36 Months
(C) 48 Months
(D) 72 Months

Key: B
References: Circular 230, section 10.29

18. If a taxpayer and the IRS fail to settle a non-docketed examination controversy in the IRS Appeals Office, the next event to occur is

(A) issuance of a notice of deficiency
(B) issuance of notice and demand for payment
(C) return of the case to the Revenue Agent for further review
(D) referral of the case to the Taxpayer Advocate

Key: A
References: Publication 556 Examination of Returns, Appeal Rights, and Claims for Refund, p. 5

19. The Tax Court has generally held that taxpayers who rely on software to justify errors on self-prepared returns are

(A) not liable for the 6662 accuracy-related penalty.
(B) liable for the 6662 accuracy-related penalty.
(C) liable for 20% of the 6662 accuracy-related penalty.
(D) liable for 40% of the 6662 accuracy-related penalty.

Key: B
References: IRC 6662; IRC 6664(c); Reg. 1.6664-4(b)(1); Anyika v. Commissioner, T.C. Memo. 2011-69

20. When an Electronic Return Originator (ERO) receives a reject of an e-filed return, how soon must the ERO take reasonable steps to notify the taxpayer?

(A) 8 hours
(B) 12 hours
(C) 24 hours
(D) 48 hours

Key: C
References: Publication 1345 Handbook for Authorized IRS e-File Providers of Individual Tax Returns pg.30

Page Last Reviewed or Updated by IRS(미국국세청): 18-Apr-2017

출제내용

* 2015년 5월 1일부터 2016년 2월 28일까지 실시되는 시험은 2014년 12월 31일자까지에 적용되는 세법을 기준으로 출제됩니다.

– Part 1의 topics
* Preliminary work to prepare tax returns
* Filing requirement/Exemption
* Gross income
* Adjustment to Income
* Itemized deduction
* Credit
* 세액의 계산
* 상속세 및 증여세

– Part 2의 topics
* Business entities
* Business income
* Business expenses, deductions, and credits
* Business assets
* Retirement plans
* Partnerships
* Corporation
* S Corporation
* Farmers
* Analysis of financial records
* Advising the business taxpayers
* Trust and Estate income tax
* Exempt Organization

– Part 3의 topics
* Becoming an enrolled agent
* Requirements for enrolled agents.
* Sanctions against enrolled agents
* Representation before the IRS
* Taxpayer tax information
* Taxpayer financial situation
* Supporting documentation
* Legal authority and references
* Collection process
* Penalties and Interest assessed
* Representing in audits
* Appeals/Court
* Filing process
* Tax return preparer
* Record maintenance
* Electronic filing

(보다 자세한 topics은 www.prometric.com/irs에서 볼 수 있습니다. 나열된 모든 주제가 시험에 모두 출제 되는 것은 아닙니다.)

시험 과목 및 소요시간

3과목 각 과목별 시험 시간은 3.5시간

• PART 1 – INDIVIDUALS (개인관련세법)
• PART 2 – BUSINESSES ( 사업관련세법)
• PART 3 – REPRESENTATION, PRACTICE AND PROCEDURES(납세대리업무)
  

  시험 결과의 발표

  시험종료 즉시 결과를 알 수 있습니다

  합격점의 결정

  합격 시 점수는 알려주지 않고 합격여부만 알려드립니다.
  기술적으로 응시자의 점수를 40부터 130까지의 scale로 전환하여 105이상의 scale에 해당되는 자들을 합격자로 선정합니다.
  Your score is based on the total number of questions you answered correctly. The number correct is mathematically transformed to a standardized scaled score. The scale ranges from 40 to 130, with passing set at 105. Scaled scores are used to permit comparable reporting of the various versions of each part of the examination. Note that the scale is not based on an exact transformation of the number of questions in the test nor does it represent a percent correct.

  Passing candidates
  Passing candidates are notified that they have passed the test. Passing scores are not furnished because the purpose of the test is to identify those that have acquired the necessary level of important knowledge based on a formal job analysis of Enrolled Agents. All score values above passing indicate that the candidate is qualified not how qualified a candidate is.

  Failing candidates
  Failing candidates are provided a scaled score between 40 and 104. Failing candidates are provided a scaled score value so that they may see how close they are to being successful. Candidates that receive a scaled score of 104 are very close to passing. Candidates with a scaled score of 45 are far from being successful.

  세무사 등록

  시험 합격후 1년 이내에 국세청에 등록을 해야합니다.
  등록은 서면으로 할 수도 있고 온라인으로 할 수 있으며 소정의 등록비를 내야합니다.
  세무사등록양식은 Form 23인데 www.irs.gov을 통하여 다운받아 작성하여 그 양식의 instruction에 주어진 주소로 우편으로 보내는 방법과 www.pay.gov를 통하여 온라인으로 신청하는 방법이 있습니다.