2022 January/February EA Journal Exam
IRS Program #: X9QQU-U-00828-21-S
CE: 2 IRS Update 


Questions for Clients During the 2021 Tax Season
Beth Logan, EA
Many tax professionals do not take the time to review and/or modify questions for each client.  Tax professionals should not make assumptions, but instead require clients to answer all the necessary questions.

Tax Evasion and Fraud: The Enrolled Agent's Role
Rod Monger, EA
Most, if not all, practicing enrolled agents encounter clients who have not reported income, or inflated business expenses, or not filed returns.  At what point do these activities cross the line into tax evasion and fraud, even criminal activity?

By the Numbers
David L. Mellem, EA
Many numbers we use in our profession are indexed for inflation.  This article provides the amounts for 2021 and 2022 for many items tax professionals deal with on a regular basis.

Tax News Briefs
Important Things to Know for Tax Year 2021 Returns
TheTaxBook
This article discusses tax provisions contained within the Infrastructure Investment and Jobs Act (H.R. 3684).

Tax Code
Demystifying the Code: Chapter One
Donna M. Byrne, EA, JD, NTPI Fellow®
This article offers tips and strategies for making sense of the Internal Revenue Code.

Preparation
IRS Clarifies Timing of PPP Loan Forgiveness Basis Increase
Jane Ryder, EA, CPA
This article examines the recently released revenue procedures clarifying Paycheck Protection Program (PPP) loan and other federal COVID-19 grant tax-exempt income recognition, expense deductions paid with COVID-19 tax-exempt income, and confirming S corporation and partnership basis are indeed increased by the tax-exempt income related to PPP loans and other federal COVID-19 grants.


Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.

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