Complete Bookkeeping

Complete Bookkeeping

  • 990 Orange Ave
  • San Carlos, California
  • 94070-3832

Description

What is an Enrolled Agent? What does the term "Enrolled Agent" mean? How can an Enrolled Agent help me? What are the differences between Enrolled Agents and other tax professionals? How do you become an Enrolled Agent? Are Enrolled Agents required to take continuing professional education? What is an Enrolled Agent? An enrolled agent is a person who has earned the privilege of practicing, that is, representing taxpayers, before the Internal Revenue Service. Enrolled agents, like attorneys and certified public accountants (CPA's), are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can practice before. Otherwise, practice before the IRS is much more limited for other individuals such as unenrolled tax return preparers, part-time employees, partners, corporate officers, and family members. What does the term "Enrolled Agent" mean? "Enrolled" means EA's are licensed by the federal government. "Agent" means EA's are authorized to appear in place of the taxpayer at the Internal Revenue Service. Only EA's, CPA's, and attorneys can represent taxpayers before the IRS. The Enrolled Agent Profession dates back to 1884. How can an Enrolled Agent help me? EA's advise, represent, and prepare tax returns for individuals, partnerships, corporations, and any entities with tax-reporting requirements. EA's prepare millions of tax returns each year. EA's expertise in the continually changing field of tax law enables them to effectively represent taxpayers audited by the IRS. What are the differences between Enrolled Agents and other tax professionals? Only Enrolled Agents are required to demonstrate to the Internal Revenue Service their competence in matters of taxation before they may represent a taxpayer before the IRS. Unlike attorneys and CPA's, who may or may not choose to specialize in taxes, all EA's specialize in taxation. EA's are the only taxpayer representatives who receive their right to practice from the United States Government. (CPA's and Attorneys are licensed by the states.) How do you become an Enrolled Agent? There are two tracks to becoming an enrolled agent. These tracks are described in Federal regulations contained in a pamphlet known as Treasury Department Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers Before the Internal Revenue Service. The two tracks are: You can become an enrolled agent by demonstrating special competence in tax matters by taking a written examination administered by the IRS. This track requires that you - -IRS experience. You can become an enrolled agent by virtue of past service and technical experience with the IRS that qualifies you for enrollment. This track requires that you - Are Enrolled Agents required to take continuing professional education? In addition to the testing and application process, EA's are required to complete 72 hours of continuing professional education, reported every three years, to maintain their status. EA's are also now required to have CPE credits for ethics.

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