When Might You Need An EA?

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When Might You Need An EA?
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• EA stands for Enrolled Agent and this is the
  highest credential that the IRS award to tax
  Professionals its recognized in all 50 U.S.
  states. Attorneys and CPAs or Certified Public
  Accountants are licensed on a state by state
  basis, and they are also empowered by the
  Department of the Treasury to represent taxpayers
  before the IRS.
• Why were EAs created?
• Back in the time of the American Civil War, the
  position of an enrolled agent was first created
  as a reactionary response to fraudulent war loss
  claims, and its roots go back as far as 1884.
  When the war was over, many people faced trouble
  when trying to settle claims with the government
  over property that had been confiscated from them
  for use in the war effort.

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• This resulted in Congress giving enrolled agent
  the power of advocacy to help prepare claims
  against the government.
• Are all paid tax return professionals equal?
• No, most certainly not! For more detailed
  information about the different types of tax
  practitioners and their required qualifications,
  you can check out the IRS website, where the
  levels of testing, continuing educational
  requirements and other criteria are listed for
  your information.
• But one call to a professional tax agency
  specialising in tax prep and planning, will help
  you to decipher who is best suited to help you
  based upon your needs.

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• Why would you choose an EA over any other tax
  professional?
• Enrolled agents can often save you time and
  effort when it comes to preparing your taxes and
  the tasks associated with it, and they are
  equipped to advise, represent and prepare tax
  returns for all sorts of groups, such as
  individuals, partnerships, corporations, trusts
  and any other entities with tax reporting
  requirements.
• They are required by law to continue their
  education to ensure that they have the most up to
  date knowledge available to them, to be able to
  effectively and accurately represent the tax
  payer, whoever that may be.

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• Their continued knowledge makes them ideal for
  representing clients who have been subject to an
  audit by the IRS, and their educational
  requirements must exceed the minimum sought by
  the IRS.
• They are required by law to continue their
  education to ensure that they have the most up to
  date knowledge available to them, to be able to
  effectively and accurately represent the tax
  payer, whoever that may be. Their continued
  knowledge makes them ideal for representing
  clients who have been subject to an audit by the
  IRS, and their educational requirements must
  exceed the minimum sought by the IRS.

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• Here are 2 benefits to taxpayers that only EAs
  can offer
• An emphasis on ethics the primary focus of an
  EA is to be honest, display intelligence and have
  outstanding ethical principles when it comes to
  representing tax payers before the IRS. All
  registered EAs must adhere to a strict Code of
  Ethics and Rules of Professional Conduct of the
  Association, as well as the Treasury Departments
  Circular 230 regulations.
• Proof of expertise Before being given the right
  to represent taxpayers before the IRS, EAs must
  demonstrate their capabilities in every area of
  taxation, representation and ethics. While
  attorneys and CPAs are licensed by the state and
  can opt not to specialise in taxes, enrolled
  agents are experts in taxation and make it their
  specialist subject.

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• Some companies offering professional tax services
  will have an EA on their team, simply call them
  and make some enquiries about which tax
  professional would be best suited to your needs.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami , Heyer Associates would be a right
  option.