Enrolled Retirement Plan Agent


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Enrolled Retirement Plan Agent

A person authorized to represent an employer to the IRS administrative courts for tax purposes related to their annuities, pensions, and other retirement plans. In order to become an enrolled retirement plan agent, one must pass an exam and file Form 23-EP with the IRS.
References in periodicals archive ?
The Treasury Department and the IRS have therefore stated their intention to amend Circular 230 to remove the requirement for individuals to have a PTIN prior to applying for enrollment or renewing enrollment as enrolled retirement plan agents. Thus, effective immediately, enrolled retirement plan agents and applicants to become enrolled retirement plan agents are not required to have a PTIN to apply for enrollment or renew enrollment.
(6) Treasury Circular 230, Regulations Governing the Practice of Attorneys Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents, and Appraisers Before the Internal Revenue Service (31 CER.
Enrolled retirement plan agents will also be permitted to represent taxpayers in connection with 5300 and 5500 series forms, which are filed by retirement plans and plan sponsors, but not regarding actuarial forms or schedules.
Section 10.2(4) defines the phrase "practice before the Internal Revenue Service." This phrase currently encompasses activities of practitioners such as attorneys, CPAs, enrolled agents, enrolled actuaries, and enrolled retirement plan agents. T.D.
Presently, attorneys, CPAs, enrolled agents, enrolled actuaries, and enrolled retirement plan agents would be exempted from the additional competency testing and education-related requirements.( 9 ) Specific guidance for the additional education-related requirements has not yet been issued.
The final regulations, which became effective August 2, 201 I, amend Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents, and Appraisers Before the Internal Revenue Service (31 C.F.R.
Circular 230, Section 10.5, prescribes the applicable procedures for becoming a registered tax return preparer, which are generally consistent with the procedures currently used for enrolled agents and enrolled retirement plan agents. An individual who wants to become a registered tax return preparer or to renew his or her designation as such must use forms and comply with the procedures established and published by the IRS.
* Require 15 hours of annual continuing professional education for preparers other than attorneys, CPAs, enrolled agents, enrolled actuaries, and enrolled retirement plan agents;