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RTRP - Registered Tax Return Preparer Practice - Dump Information

Vendor Name : IRS
Exam Code : RTRP
Exam Name : Registered Tax Return Preparer Practice
Questions and Answers : 102 Q & A
Updated On : May 25, 2018
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IRS RTRP Exam (Registered Tax Return Preparer Practice) Detailed Information

Registered Tax Return Preparer (RTRP) Test Fee Refunds – Frequently Asked Questions
1. Why is the IRS refunding RTRP test fees?
The United States Court of Appeals for the District of Columbia Circuit upheld the decision of the District Court in Loving v. IRS, that the IRS lacked authority to mandate competency testing for paid tax return preparers. As a result, the IRS is refunding the test fees to people who took the Registered Tax Return Preparer test.
2. I paid the fee and took the RTRP test. Do I need to take any action to claim my refund?
No action is necessary. Letter 5475, RTRP Refund Notification Letter, will be mailed approximately May 28, 2015, to people due an RTRP test refund. Refund checks will be mailed separately approximately June 2, 2015.
3. I received a Letter 5475, RTRP Refund Notification Letter, and I have not received a refund check yet. When will I receive it?
Refund checks will be mailed separately on June 2, 2015. Please allow until August 2, 2015 to receive your refund.
If after August 2, 2015, you still have not received your refund, please call the IRS number on your Letter 5475.
4. What address is the IRS using to mail checks?
Letters and checks are being mailed to the return preparer’s address in the Preparer Tax Identification Number (PTIN) system.
5. What if I took the test more than one time? Will I receive multiple refunds?
If you took the test more than once, you will receive one refund for the total test fees paid ($116 per test attempt). You will not receive a refund for any fees that were previously refunded by Prometric.
6. What about other expenses, such as continuing education, gas/travel, and hotel bills? Can I be reimbursed for those costs as well?
No, only the $116 test processing fees will be refunded.
7. Is this refund taxable to me?
Whether this amount is income depends upon a number of factors, including whether the amount was deducted previously as a business expense. See Publication 334, Chapter 5 under “Other Income-Recovery of Items Previously Deducted” for more information.
8. Can I keep my RTRP Certificate?
Yes. However the RTRP Certificate is no longer valid and serves no purpose when dealing with the IRS.
Beginning January 1, 2016, in order to have limited representation rights for clients, you will need to participate in the Annual Filing Season Program.
Anyone who passed the RTRP test only needs to meet their original 15 hour continuing education requirement each year to obtain an Annual Filing Season Program – Record of Completion.
9. I paid the RTRP test fee for employees of my tax business. Who will receive the test fee refund?
Refunds must be issued to the person who took the test. Third parties who paid test fees will need to resolve any reimbursement issues directly with the person who took the test.
10. What is the number in the memo section on the front of the check?
The number listed on the face of the check in the memo section is a file number that is used for identifying the refund check; this number can be 2-7 digits and helps us in researching questions that refund candidates have about their check.
11. Does the IRS plan to implement another competency test program in the future?
The IRS remains committed to the principle that all persons who prepare federal tax returns for compensation should be required to pass a test of minimal competency and take annual continuing education training. Taxpayers deserve top-quality and ethical service from all tax professionals. As part of this commitment, the IRS launched an interim Annual Filing Season Program in 2014 to promote voluntary continuing education by non-credentialed tax return preparers.
The President’s 2016 budget proposal would provide the IRS with authority to regulate all paid tax return preparers. Oversight of all paid preparers, coupled with diligent enforcement, would promote high-quality services from all tax professionals, improve voluntary compliance and foster confidence in the fairness of the U.S. tax system.
12. I did not receive a Letter 5475, but I believe I’m due an RTRP test fee refund.
If you scheduled the RTRP test and paid the test fee prior to January 18, 2013, and did not receive a Letter 5475, please contact the IRS at 913-722-7606 and leave a brief message indicating the reason for your call (i.e. you are eligible for an RTRP test fee refund but did not receive a letter 5475). The message should include the following:
Your full name
Current Address
Current daytime phone number where you can be reached during normal business hours
Please allow 3-5 business days for a response from the IRS RTRP Testing contact phone center. This phone number is only for questions about RTRP test fee refunds. Calls about other issues will not be returned.
Registered Tax Return Preparer Test Explained
FS-2011-12, November 2011
The Internal Revenue Service currently is implementing an oversight program to increase the quality of the tax preparation industry and to improve services to taxpayers. This program requires all paid tax return preparers to register with the IRS each year and have a Preparer Tax Identification Number (PTIN).
Certain tax return preparers who prepare the Form 1040 series returns must take additional steps. These preparers must pass a one-time competency test, a tax compliance check, and a suitability check. Preparers who meet these requirements will be given a new designation: Registered Tax Return Preparer. Additionally, they must complete 15 hours of continuing education each year, starting in 2012.
Currently, PTINs are issued with either an active or provisional status. Active PTINs are given to Enrolled Agents, Certified Public Accountants and attorneys, among others, because these individuals are not required to take the competency test. Tax return preparers who must pass the competency test are given a provisional PTIN. These individuals have until Dec. 31, 2013, to pass the test.
RTRP Competency Test Overview
The fee for taking the Registered Tax Return Preparer competency test is $116. The test is a timed, 2½ hour exam that will cover the Tax Year 2010 Form 1040 series and its related tax schedules. There are 120 questions in a combination of multiple choice and true or false formats. Test takers cannot bring any resource materials but they will have access to the Form 1040, Form 1040 instructions, and Publication 17, Your Federal Income Tax.
The test is available in English only at this time and generally will be administered in a computer based testing format. The test must be taken at Prometric Inc., test centers. Prometric will eventually offer the test at more than 260 domestic centers nationwide, but it is not available at all locations currently. Those who initially do not locate a nearby test site should check back because additional test sites will be added daily.
There is no limit on the number of times the test can be taken, but preparers must pass the test only once. If an individual takes the test more than once, the $116 fee will apply each time the individual takes the test.
Initial test takers won’t receive their test scores for two to six weeks to allow the IRS to validate the exam and determine the pass/fail cutoff. Once validation is complete, around mid-January, those taking the computer-based test will receive their scores at the test center immediately upon completing the test.
Who Must Take the Registered Tax Return Preparer Test
A paid tax return preparer must take the Registered Tax Return Preparer competency test and meet the other requirements for becoming a Registered Tax Return Preparer unless the tax return preparer is a:
Certified Public Accountant, attorney, or an Enrolled Agent;
Supervised preparer, which is an individual who:
Does not, and is not required to, sign a tax return as paid preparer,
Works at a firm at least 80 percent owned by CPAs, attorneys or Enrolled Agents, and
Is supervised by a CPA, attorney or Enrolled Agent
Preparer who does not, for compensation, prepare, or assist in the preparation of, all or substantially all of any Form 1040 series return. For purposes of this exemption, Forms 1040-PR and 1040-SS are not Form 1040 series returns.
Paid tax return preparers will be notified by the IRS of their test requirement either in their welcome letter if they are obtaining a new PTIN or in their “next steps” notification when they renew their PTINs.
Preparing for the Test
The IRS has released test specifications which outline the general individual income tax topics that will be covered by the exam. The IRS also has released a list of publications and instructions from which the test topics were taken. The test specifications and publications, as well as a tutorial, a video on what to expect test day, and a Candidate Information Bulletin, are available at www.irs.gov/taxpros/tests.
Because the test will cover 2010 tax issues, the IRS encourages preparers to download the publications and save them to their computers so they can be sure they have the correct tax year as a study guide.
What Certifications Does a Tax Return Preparer Need?
The Internal Revenue Service issues preparer tax identification numbers (PTINs) to anyone authorized to legally prepare — and defend — tax documents for individuals and companies. But there are credentials beyond the PTIN providing tax return preparers additional representation rights. For individuals interested in becoming a tax preparer, understanding the tax preparation requirements will help them achieve the career they're interested in pursuing. The certifications include:
Enrolled agents
An enrolled agent is a registered tax return preparer required to pass a suitability check, take an extensive test covering individual and business taxes as well as representation issues, and undergo 72 hours of additional education every three years. They have the most extensive licensing provided by the IRS, valid across the entire country.
Certified Public Accountants
CPAs are licensed by states or U.S. territories, and must pass the Uniform CPA Examination. Each state or territory establishes additional tax preparation requirements like education and review of certification requirements as well. Many CPAs will specialize in tax planning or preparation of returns.
Tax attorneys
Attorneys must be licensed by a state court or state bar after having earned a law degree and passed the bar exam. Not only are attorneys a registered tax return preparer, they also can prepare a legal defense for a client involved in a tax-related court case, even for taxes they did not prepare.
Unenrolled preparers
The IRS had a program providing Registered Tax Return Preparer certification to certain preparers. However, this program is no longer enforced due to a February 2014 decision by the U.S. Court of Appeals for the District of Columbia Circuit Court finding that the IRS has "insufficient statutory support for the IRS' regulation of federal tax return preparers." Read More.
Registered Tax Return Preparers
The IRS had a program providing Registered Tax Return Preparer certification to certain preparers. However, this program is no longer enforced due to a February 2014 decision by the U.S. Court of Appeals for the District of Columbia Circuit Court finding that the IRS has "insufficient statutory support for the IRS' regulation of federal tax return preparers."
Once certified, tax return preparers often invest in cloud-based software programs like Intuit Tax Online or Intuit ProConnect Lacerte Tax that help provide their clients with better accuracy and quicker service. Both programs are excellent for tax preparers of any certification level.

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Test Code : RTRP
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IRS Registered assessment Return

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Q&A : 102 Brain Dump Questions

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FY17 DOD BCRP and RTRP application bulletins | killexams.com consummate questions with brain dumps

This electronic mail is to the analysis neighborhood Touching the lately revealed Fiscal yr 2017 (FY17) funding alternatives for the branch Touching protection (DoD) Breast cancer research application (BCRP) and the Reconstructive Transplant research program (RTRP) being managed via the workplace Touching Congressionally Directed medical analysis programs (CDMRP).  

Breast melanoma research application

leap Award degrees 1 and a couple of

leap Award tiers 3 and 4

step Fellowship Award

unique Investigator Award

era Touching Hope pupil Award

Innovator Award

Reconstructive Transplant research application

thought Award

Investigator-Initiated research Award

Qualitative analysis Award

technology construction Award

exact descriptions Touching the funding probability, duty standards, and submission necessities can exist rescued in the application bulletins. The program announcements can exist rescued electronically for downloading from the supplies.gov web page (http://www.supplies.gov ), the CDMRP site (http://cdmrp.army.mil/funding/prgdefault.shtml) and the digital Biomedical analysis software Portal (eBRAP) (https://eBRAP.org ).

All CDMRP funding opportunities, each lately and up to now released, are additional on the CDMRP web site (http://cdmrp.army.mil ).

Subsequent notifications will exist sent when supplementary funding opportunities are released. a list Touching all affirmative CDMRP funding alternatives may exist got on the offers.gov site completed performing a search the usage Touching CFDA number 12.420.

Submission is a two-step procedure requiring both pre-application submission and rich application submission.  All pre-purposes ought to exist submitted completed eBRAP (https://eBRAP.org/).  rich functions from extramural companies (non-DoD businesses) confess to exist submitted via gives you.gov (http://www.promises.gov/).  Intramural DoD businesses may post rich functions to either eBRAP or promises.gov.  confer with the Renowned software instructions, area II.A. for registration and submission claim for eBRAP and gives you.gov.  For targeted advice on the submission technique, consult with stamp II.D. Touching the software Announcement/Funding possibility.

eBRAP is a multifunctional internet-based mostly pretext that permits PIs to post their pre-applications electronically completed a cozy connection, to inspect and edit the comprehensible Touching their pre-functions and rich purposes, to get avow Touching communications from the CDMRP, and to put up documentation appropriately completed award negotiations and length Touching performance.  A key temperament Touching eBRAP is the capability Touching a firm’s representatives and PIs to inspect and alter the provides.gov application submissions linked to them.  eBRAP will validate can provide.gov software data towards the application Announcement/Funding Haphazard claim and discrepancies will exist referred to in an e-mail to the PI and within the rich utility data tab in eBRAP.  it's the applicant’s responsibility to overview all utility add-ons for accuracy in influx to make sanguine ordering as specific in this program Announcement/Funding possibility.  

Please do not reply to this message. To exist brought or more from this electronic mail list please use the "Subscribe/unsubscribe to application withdrawn news and updates" at https://ebrap.org.


CDMRP gives copy and updates completed Twitter and YouTube.

observe CDMRP on Twitter: https://twitter.com/CDMRP

Subscribe to CDMRP on YouTube: http://www.youtube.com/CDMRP

analysis Triangle Regional Partnership CEO Hayes to giveup | killexams.com consummate questions with brain dumps

Charles Hayes, who has served as president and CEO Touching the research Triangle Regional Partnership in inspect that 1996, will giveup June 30.

the public-deepest partnership announced Hayes retirement Monday. A CEO search team, Below the suggestions Touching the partnership’s board Touching directors, can exist shaped to find his replacement.

“The influence and achievements Touching RTRP had been realized throughout the foreseeing teamwork and consummate dedication Touching its cast Touching workers and it has been my privilege to work them for twin decades,” Hayes referred to in an announcement. “because the Triangle area has grown, and continues to grow, we should refresh our rhyming and prescient, strategy, and direction Below a Healthful leader to exist sanguine that our charge will move to attract, retain and cultivate enterprise and financial growth.”

A yr ago, the partnership began setting up a strategic plan to examine the organization’s structure and future needs. The board is anticipated to get avow Touching ideas from the system by using June 30.

The partnership comprises financial development companies the area that work with the state branch Touching Commerce and other partners to market the region for brand spanking Healthful investment.

“we confess been honored to confess Charles Hayes on the helm Touching RTRP for the former 20 years,” Gary Joyner, chairman Touching the partnership’s board, said in a press release. “all special his tenure, the RTRP has completed country giant focus for its work on benefit Touching the ready areas that implicate the analysis Triangle. Charles has fashioned the pathway that allows you to make sanguine a future for RTRP.”

APlusCPE adds Video better course Inherited IRAs to fulfill Enrolled Agent and RTRP continuing education necessities | killexams.com consummate questions with brain dumps

DALLAS, TX--(Marketwire -08/08/12)- APlusCPE®, a provider Touching WebCE®, revealed a Healthful video-enhanced online CPE route for Enrolled agents and Registered assessment return Preparers titled, Inherited IRAs. APlusCPE's video technology enables college students to inspect video-based mostly courses altogether Solely completed altogether a sparse browsers and wireless gadgets, with iPads and smartphone browsers.

APlusCPE's Healthful video-better course enables a pupil to notice or take heed to the direction comprehensible and browse along if favored. students confess entry to a printable browser version Touching the route as neatly to make notes or retain the tips for future reference.

Inherited IRAs covers the compromised rules that apply to heirs and beneficiaries for taking required distributions upon the loss Touching life Touching the IRA owner. This path explains the "need to do's," "can not do's" and "should beside do's" that attend to taking IRA distributions when the IRA passes to a beneficiary. in addition, this direction clarifies now not best the IRA distribution at loss Touching life suggestions, re- the many planning opportunities these suggestions create.

Inherited IRAs is for 5-hours Touching Enrolled Agent CPE, RTRP CE or CTEC credit, and is obtainable online for $19.ninety five. For $10 extra, valued clientele can add unwilling fiscal Planner CE or State coverage CE forementioned completing the examination to voluminous CE for their sundry professional designations.

To stamp APlusCPE's online video better course, Inherited IRAs, for Solely $19.ninety five go to www.APlusCPE.com or our toll-free customer at 877-488-9315. price comprises on-line path and examination, brawling grading, on-line printable certificate finishing touch and subsequent-day roster reporting.

About APlusCPE®: APlusCPE can find on-line carrying on with schooling and verify prep classes to Registered assessment Preparers, Enrolled agents, and other assessment gurus. APlusCPE's Enrolled Agent CPE and assessment preparer CE classes are undistinguished with the aid Touching the IRS to Compensate the IRS carrying on with education requirements. Our ever-increasing catalog Touching EA carrying on with education lessons, including Enrolled Agent Ethics, latitude from 2-eight credit hours and layopen at $four.ninety five. APlusCPE offers a unreflective assessment preparer exam look at ebook to aid assessment preparers remissful the IRS Competency verify, and a ravaged catalog Touching assessment Preparer CE.

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