Enrolled Agent Exam [Part 3] 55, Audit Reconsideration and Reopening Issues

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: - Audit reconsideration is an option when a taxpayer has been assessed tax but did not participate in the original audit and has new information to present. - Eligibility requires that the tax assessment is still unpaid; if fully paid, a formal refund claim is the correct procedure. - A taxpayer cannot request reconsideration if they have signed a formal closing agreement (like Form 870-AD) or if a court has issued a final ruling. - Submitting a request for audit reconsideration does not automatically suspend IRS collection actions like liens or levies. - The reconsideration process does not extend or suspend critical legal deadlines, such as the window to file a petition with the U.S. Tax Court. 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