ACC 241 - IRS Enrolled Agent Review Part I

Description: Prepares students to sit for the first of three IRS Enrolled Agent exams, known as the SEE (Special Enrollment Exams) for Individual taxpayers. Topics include preliminary work and filing requirements, advising, income and assets, deductions and credits, and specialized returns.

Prerequisites: ACC 115 

Recommended Preparation: ACC 117 

Credits: 1
Lecture: 1
Lab: 0

Course Content:

1. Preliminary work and filing requirements for individuals
2. Income and assets
3. Deductions and credits
4. Taxation and advice
5. Specialized returns for individuals

1. Demonstrate the preliminary work and taxpayer data collection requirements to prepare tax returns. (1-3)
2. Define and describe income and assets for individual preparation. (2)
3. Calculate deductions and apply tax credits on individual returns. (3)
4. Advise the individual taxpayer. (4)
5. Describe specialized returns for individuals. (5)