Episode
Enrolled Agent Exam [Part 3] 32, Frivolous Submissions and Badges of Fraud
- Podcast
- Finance Exam Prep
- Published
- Sep 6, 2026
- Duration seconds
- 196
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
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Summary
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 to identify common frivolous tax arguments tested on the EA exam, such as 'wages are not income.' - The critical difference between negligence (20% penalty) and civil fraud (75% penalty), which hinges on intent. - Key examples of 'badges of fraud' that indicate a taxpayer's willful intent to deceive, like keeping two sets of books or concealing assets. - A practitioner's duties under Circular 230 when a client insists on taking a frivolous position. - The specific civil penalty for filing a frivolous return ($5,000) and how it differs from fraud or negligence penalties. 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