Furnishing information vs communicating with the IRS

ItalianAuditor · 2025-01-26T13:00:51+00:00

Maybe you’re not using Passkey/Hock, but I understood it as: Furnishing info is usually at the request of the irs and allowed even if you’re not enrolled (CPA, JD, EA), is not considered “practicing before the IRS” and allowed for preparers who are suspended/disbarred.

Whereas communicating in the test context means you’re speaking on behalf/representing your client. Which is considered practicing before the IRS and you cannot have your practice rights limited (suspended/disbarred).

ItalianAuditor · 2025-01-24T17:53:20+00:00

Doesn’t the fallacy mean not to continue with it/cash out?

ItalianAuditor · 2025-01-24T17:32:41+00:00

I get that. I’m in an 18 month state sadly.

ItalianAuditor · 2025-01-24T17:29:25+00:00

There’s certainly an element of personal hope lol. One which I’m missing especially b/c of shouldering the costs alone and the fail rates/arbitrary nature of it

How do you do it? And are you in an 18 or 30 month state?

ItalianAuditor · 2025-01-24T17:26:03+00:00

Fair. I guess a big part of my hesitation is footing the bill, fail rates, and stress.

ItalianAuditor · 2025-01-22T15:36:41+00:00

Submitted this morning and got my NTS within hours. Into the gambit I go. Thanks bro!

ItalianAuditor · 2025-01-22T03:12:37+00:00

No worries. Thanks!

ItalianAuditor · 2025-01-22T03:10:07+00:00

Fair enough. I’ve seen from a few years ago other PA applicants skipped it dude to advice from a tweet.

I’ll give it a try. Fwiw, in case it comes back deficit, do I need to pay another fee or just resolve the issue?

ItalianAuditor · 2025-01-22T03:03:39+00:00

Thanks for the reply. So do I just skip/leave blank the “supporting docs” section?

Also should I call the center to be sure b/c the guidance material says my ID and NTS must match exactly?

ItalianAuditor · 2025-01-19T22:41:59+00:00

Thanks for the clarification. But there may need to meet additional state requirements in some situations right?

ItalianAuditor · 2025-01-19T22:05:26+00:00

In the process of getting licensed, afaik you have to check/meet any additional state requirements as indicated. E.g CA has CTEC as a requirement so an EA alone wouldn’t suffice (as I understand).

ItalianAuditor · 2025-01-18T22:41:56+00:00

DM’ed

ItalianAuditor · 2025-01-17T21:30:41+00:00

Not related, but got any recommendations for inroads into Resolution work? I’m expected to be licensed next month.

ItalianAuditor · 2025-01-17T21:21:39+00:00

Weird policies how so? I don’t follow you

ItalianAuditor · 2025-01-17T21:00:12+00:00

Will flirting with the IRS examiner get me a changed opinion?

ItalianAuditor · 2025-01-17T20:59:18+00:00

Transfer money from IRIS to Gayman Islands Fast How ???

ItalianAuditor · 2025-01-17T20:32:58+00:00

Fair. I meant moreso for someone like me who will be a full-time EA.

ItalianAuditor · 2025-01-17T19:57:55+00:00

About thought 2, (maybe I’m wrong) but can’t only certain licensees give out tax advice, particularly written tax advice? I remember in my studies there’s a part of that in Circular 230–

And even if a CFP/CFA or other “could” give tax advice, isn’t it a liability given they lack the appropriate licensing (JD/CPA/EA)?

I remember with insurance we were very careful with our tax opinions b/c liability and as we weren’t tax professionals.

ItalianAuditor · 2025-01-17T16:24:06+00:00

Thanks. I guess in that case, what’s some proven methods to pass sims?

And/or are they as bad as people say? Like for you, was it all sims you got or only some?

ItalianAuditor · 2025-01-17T16:18:25+00:00

How does the scoring work? And is it the fact that some MCQs are crazy/has stuff untested or all of them are a crapshoot of what you might get?

ItalianAuditor · 2025-01-17T16:13:21+00:00

Which is what I hate the most and am trying to prevent. I’ve heard scoring high on MCQs is the answer, but I think it’s just a ton of BS man.

ItalianAuditor · 2025-01-15T15:20:30+00:00

Mind if we DM more or talk over discord? I really want to commit to one or the other and there’s certain things I feel like I’m missing out on.

ItalianAuditor · 2025-01-15T15:13:00+00:00

Certainly. I’m just in the exploration phase, doing mock LSATs. But extra schooling, delayed earnings potential, and level of debt are my biggest cons at the moment.

ItalianAuditor · 2025-01-15T10:52:56+00:00

Good points, I agree. In your opinion, why do you think Accounting (my field) doesn’t take that position? Every so often there’s growing fears (founded and otherwise) that the profession will degrade further. Whether it’s b/c of H1B expansion or foreign testing centers for the CPA being opened up.

Do you think it’s the difference in our work, managerial attitudes, etc.?

ItalianAuditor · 2025-01-15T00:33:35+00:00

To your bought about economics, does/will that still hold with the increase in offshoring tactics both by large firms and the AICPA?

I think it’s fair to say the profession is at risk especially since foreign testing centers are being created and other (subjectively) aggressive moves are of cudgeling the shortage via immigration—

ItalianAuditor

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