A frightening experience that no one ever wants is to receive a notice in the mail that they are required to appear before the IRS for an audit. They expect the IRS to ask technical tax questions with unknown consequences (probably bad ones) for the taxpayer. The first call most people make is to their tax preparer. “I just got this notice from the IRS and I have to go answer questions. I need you to take care of this for me.” This is the moment of truth when many taxpayers learn about the difference between their tax preparer and an Enrolled Agent.
An Enrolled Agent (EA) is an expert in taxes, a federally licensed tax specialist authorized to represent taxpayers with the IRS. Taxpayers who are facing an audit want to be able to have the person who is most familiar with their tax situation and the tax laws to have the right to represent them and deal directly with the IRS on their behalf. The most qualified person to do so is an Enrolled Agent.
In 1884, Congress decided to regulate who would be able to represent taxpayers with various matters involving the U.S. Treasury after receipt of questionable Civil War claims of losses. Today, there are only two ways in which someone can earn the right to be an EA: they can either pass a comprehensive tax code examination or have worked for the IRS for at least five years in a position which required extensive knowledge of the tax code. Prospective EAs will also undergo a stringent background check. Enrolled Agents have a limited client privilege in audit and collection matters and are required to keep up to date with continuing education.
Business Name focuses on providing full-service taxation and accounting services to individuals and small businesses. Their accounting services include bookkeeping, write-up and Payroll Services in Brooklyn. For 20 years, they have been providing high-quality professional services and believe in being responsive to their client’s needs while charging reasonable fees. Prospective clients receive a free evaluation from the firm’s proprietor, Salvatore P. Candela, EA, RFC, ABA, ATA. Mr. Candela has extensive tax and accounting experience, using his expertise by representing taxpayers called before state and federal agencies. His professional memberships include the National Association of Enrolled Agents, the National Association of Tax Professionals and the International Association of Registered Financial Consultants.
