There are many types of tax professionals who can prepare
your taxes. What difference does it make whom you choose?
It makes a lot of difference. As a consumer your goal
should be to NOT overpay for professional tax services by
getting those you don't need, and don't under pay for a
professional, that is, use one who cannot address your
concerns.
Most Americans will benefit from the use of an enrolled
agent so that is who I will discuss in this article. My
next article will discuss certified public accountants.
1. Enrolled agents prepare taxes, represent clients before
the Internal Revenue Service, provide financial planning,
and other services to individuals and businesses.
2. Enrolled agents can represent any category of tax payer
with the IRS, any tax issue, and can practice before any
tax office.
3. An enrolled agent must embark upon a course of study that
includes reading 400 pages of study material to take a
four-part exam.
4. Enrolled agents are required to uphold a code of ethics
and professional conduct and are required to stay current
on tax issues and laws by taking Continuing Professional
Education Courses.
5. Enrolled Agents are both knowledgeable with tax law, and
have reasonable fees in line with what an average American
can pay.
Like Certified Public Accountants and tax attorneys enrolled
agents are regulated by the federal government in their
practice before the Internal Revenue Service. Enrolled
Agents are much less expensive than Certified Public
Accountants or Tax Attorneys. This and the fact that they
are licensed and take continuing education courses in taxes
make them a good option for the average tax payer as well
as small business.
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