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2022 May/June EA Journal Exam

2022 May/June EA Journal Exam
IRS Program #:
CE: 2 IRS credits

Timing the Creditability of Accrued Foreign Taxes
Anthony Malik, EA
The incomplete guidance offered through the IRS’s relevant published material can, unless the return preparer is an experienced international tax specialist or a genuinely inquisitive tax professional skilled in legal research, lead to a misunderstanding and misapplication of the rules. This article provides a general discussion regarding authoritative sources of tax guidance addressing common timing issues of accrued foreign tax for creditability purposes.

Factors to Consider When Estate Planning with Cryptocurrency
Simon Mayali and Travis Thompson
Tax and estate planning professionals must make sense of the cryptocurrency mania. This article covers what cryptocurrency is, how it is taxed, how agencies are enforcing cryptocurrency transactions, identify some of the current challenges estate planners are dealing with in the world of cryptocurrency, and how an individual’s revocable trust can be structured when addressing these issues.

Tax News Briefs
Important Compliance IssuesTheTaxBook
This article discusses compliance issues such as C corporation reasonable compensation and crowdfunding.

Legal Issues
Deciphering a Law: An Introductory Learning ModuleThomas J. Williams, EA, and Iris K. Palma, JD
This article offers tips and strategies for understanding tax laws.

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

Refund Policy
To request a refund, contact the NAEA education team via email at An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.