With Respect to Unenrolled Return Preparers, Which of the Follow-

question 17

Multiple Choice

With respect to unenrolled return preparers, which of the follow- ing statements is correct?

• A)An unenrolled return preparer is an individual other than an attorney, CPA, enrolled agent, or enrolled actuary who prepares and signs a taxpayer's return as the preparer, or who prepares a return but is not required (by the instructions to the return o
• B)An unenrolled return preparer is only permitted to appear as a taxpayers' representative before a Customer Service Representative of the Internal Revenue Service.
• C)An unenrolled preparer may receive refund checks on behalf of the taxpayer if Form 8821 has been executed.
• D)An unenrolled preparer is permitted to represent a taxpayer over the telephone with the Automated Collection System unit

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Definitions:

Financing Activities

Activities relating to raising money from investors and creditors such as the issuance of stocks and bonds and long-term notes; also, repurchase of outstanding stock and retiring bonds and notes as well as paying dividends.

Retained Earnings Activities

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business or kept as a reserve.

Operating Revenue

Income earned from a company's core business operations, excluding revenue from non-operating sources like investments.

Operating Activities

Involves the primary revenue-generating activities of an organization, such as sales and services, as reflected in its cash flow.