1.6 Renewal Flashcards
(10 cards)
When should an EA renew their enrollment
every 3rd year after initial enrollment is granted
do all EAs renew at the same time?
No - the renewal is staggered with approximately 1/3 of agents renewing every year
to renew their enrollment what form must they file?
Form 8554 which comes from the IRS
what is renewal based on?
the last digit of your SSN or tax identification number
what is publication 5186
it publishes the renewal cycle in a chart
what is the next period for renewal
November 1 2024 through to January 31 2025
what if they forget to renew their enrollment
they have the opportunity to state the basis for non-compliance of renewal
what is the possible consequence of non-renewal
inactive enrolled agent for 3 year enrollment period
what are types of things you can study or teach to get CE credits?
- federal tax law
- federal tax related matters
- qualified retirement plans matters
- federal tax related ethics
what if the individual doesn’t get a notification from the IRS to renew
this is not an excuse
