Enrolled Agent Exam [Part 3] 66, Bankruptcy and the Collection Statute

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- How the automatic stay halts most IRS collection but allows certain actions like audits and assessments.

- The '3-2-240 Plus' mnemonic for determining if income taxes can be discharged in bankruptcy.

- Why trust fund taxes, like withheld payroll taxes, are never dischargeable.

- How to calculate the tolling of the 10-year Collection Statute Expiration Date (CSED) due to bankruptcy.

- The ethical line an EA must not cross regarding providing legal bankruptcy advice to avoid the unauthorized practice of law.

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