What is an enrolled agent?
According to the National Association of Enrolled Agents, "Enrolled Agents (EAs) are America's tax experts. They are the only federally-licenses tax practitioners who both specialize in taxation and have unlimited rights to represent taxpayers before the Internal Revenue Service. These tax specialists have earned the privilege of representing taxpayers before the IRS by either passing a comprehensive three-part examination covering individual tax returns; business tax returns; and, representation, practice and procedure, or through relevant experience as a former IRS employee. All candidates are subject to a rigorous background check conducted by the IRS."
What are the advantages of working with an enrolled agent?
According to the National Association of Enrolled Agents, "The advantage of working with an enrolled agent lies not only in the depth of his or her experience and understanding of how to prepare a tax return, but in his or her knowledge of tax law that may be used to represent taxpayers before the IRS. If you get a letter from the IRS, or worse, are audited or are the target of a collection action, your EA can speak directly to the IRS on your behalf."
How can an enrolled agent help me?
Enrolled Agents advise, represent and prepare the tax returns of individuals, partnerships, corporations, estates, trusts and any other entity with tax reporting requirements. EAs prepare millions of tax returns each year and their expertise in the continually changing field of taxation enables them to effectively represent taxpayers audited by the IRS. In addition to tax preparation and tax representation, many enrolled agents offer other business-related services, which may include:
- Financial planning or budgeting
- Payroll services
- Financial statement preparation
- Mortgage assistance