Finance Exam Prep

← Finance Exam Prepavant-hier · 4 min

Enrolled Agent Exam [Part 3] 69, Refund Claims and Form 843

Enrolled Agent Exam [Part 3] 69, Refund Claims and Form 843avant-hier4 min

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 critical difference between using an amended income tax return (e.g., Form 1040-X) and Form 843 for non-income tax related refund claims.

- Mastering the statute of limitations for filing a refund claim: three years from filing or two years from payment, whichever is later.

- How the six-month 'deemed denial' rule allows a taxpayer to file a lawsuit if the IRS fails to act on their claim.

- The strict two-year deadline for filing a refund suit in federal court after receiving a notice of disallowance from the IRS.

- The scope and limitations of an Enrolled Agent's authority to represent clients in administrative refund claims versus court proceedings.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep