Out-Of-The-Box Tax Planning: When It’s Okay for Enrolled Agents May Defy Traditional Wisdom

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

Enrolled agents have long advised clients to heed conventional tax wisdom — deferring income and accelerating expenses — in their conventional role as a registered tax return preparer. The logic behind this strategy is straightforward: it is often better to pay taxes the following (read on...)



Federal Taxes and Bonus Pay: How Enrolled Agents Can Dispel the Myth That Bonuses Don’t Pay

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

It is not uncommon for enrolled agents to encounter taxpayers, particularly from the corporate sector, who are tempted to give up their bonus pay because they think this extra money actually hurts them. In fact, there is a widely-held belief that the “extra” income earned from a bonus (read on...)

Essential Information for a RTRP to Know About Vacation Homes

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

Your knowledge as a Registered Tax Return Preparer provides a solid foundation for presenting yourself as trusted adviser to taxpayers. Even if you don’t charge extra for consultation, you gain long-term loyalty from clients by revealing your expertise. Taxpayers with enough income to (read on...)

Training for the Tax Preparer Exam

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

The IRS has gradually released information about the new tax preparer exam. This permits study planning for anyone working as a tax practitioner or planning to do so. The tax preparer exam of the IRS affects both experienced tax professionals and new entrants to the field. Passing of the (read on...)

What the Enrolled Agent Designation Really Means

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

Enrolled Agents should remember to promote themselves with an explanation of what is really meant by their professional designation. Here are a few basic ways to convey the significance an EA provides to the public. An enrolled agent has demonstrated the highest level of technical competence in (read on...)

New Home Buyer Tax Credit: What Every Enrolled Agent Should Know

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

The 2007 mortgage meltdown and subsequent collapse of the financial system brought about significant change on practically every front. The impact of these events on the tax system was both far-reaching and substantial, as most any enrolled agent or registered tax return preparer can testify. One (read on...)

It’s Elementary, Enrolled Agents: The ABCs of The American Opportunity Tax Credit

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

The ever-changing landscape of taxation presents both opportunities and challenges for enrolled agents in their role as a registered tax return preparer. As is made clear once the enrolled agent has passed the dreaded EA examination and enrolled in a litany of EA CPE courses, staying on top of (read on...)

Tax Preparer or Marriage Counselor? Enrolled Agents and Innocent Spouse Relief

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

How Leveraging Innocent Spouse Relief Can Help At Tax Time In their role as a registered tax return preparer, enrolled agents often find themselves wearing many hats. Offering up suggestions for mitigating a bad marriage is not exactly something that would qualify as a typical function of an (read on...)

Spotting an Audit From A Mile Away: Red Flags All Enrolled Agents Should Recognize

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

Because audits by the IRS have been more frequent over the past five years, it is important for enrolled agents, indeed any registered tax return preparer, to start brushing up on the types of issues that have been found to prompt audits by the IRS. You can bet this number will increase over the (read on...)

The Enrolled Agent’s Secret Weapon Against Homeowner Blues

April 30, 2011 by  | Leave a Comment Filed under: Taxes 

Over the past several years, enrolled agents, perhaps more than any other registered tax return preparer, have learned how to help lift the spirits of homeowners suffering from buyer’s remorse. More than in any other time in recent history Americans have faced the bitter reality that buying (read on...)

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