Enrolled Agent Exam [Part 3] 29, Censure Suspension Disbarment and Monetary Penalties

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:

- The specific conduct standards—willful, reckless, or grossly incompetent—that can lead to sanctions under Circular 230.

- The practical differences between censure (a public reprimand), suspension (temporary ban), and disbarment (minimum five-year ban).

- How monetary penalties are calculated, up to the gross income derived from the misconduct, and can be applied to both individuals and firms.

- That a firm can be held liable and penalized if it knew or reasonably should have known about a practitioner's misconduct.

- The direct impact of sanctions on a practitioner's ability to represent clients before the IRS.

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