Path to Become Enrolled Agent Tax Expert Demands Knowledge of Business...
Many owners of small businesses incorrectly claim some entertainment expenditures paid with company funds as legitimate tax-deductions. These people are probably not intentional tax cheaters, but are...
View ArticleTechnicality Adds to Enrolled Agent Education on Reversing Previously...
If you’re an Enrolled Agent who focuses on business taxes, you have an elite status in the tax profession. Large businesses may typically turn toward CPAs for tax services, but EA training provides...
View ArticleSkepticism Warranted on Enrolled Agent Jobs For Taxpayers Claiming Status as...
Starting with the 2013 tax year, a lot more taxpayers desire status as real estate professionals. This has been an advantage for decades to individuals with annual losses on rental properties. The...
View ArticleTax Professionals Must Follow Rules From Enrolled Agent Preparation Despite...
Taxpayers often find themselves in the same frustrating position as small children who cannot understand the existence of certain circumstances despite continually questioning why. Sometimes the...
View ArticleHow Income Received by Non-Residents Creates Jobs for Enrolled Agents
Tax professionals typically turn around taxpayer questions about whether something is taxable by pointing out that every source of money is taxed – unless some rarely used provision of tax laws permits...
View ArticleEA Problems Involving IRS Statute of Limitations Not Always Easy to Solve
How much time the IRS has for collecting prior period taxes should be a clearly defined matter that’s never debatable. Instead, disagreement about the statute of limitations does arise under a variety...
View ArticleCourt Addresses Enrolled Agent Course Issue of Reasonable Compensation...
When tax returns are prepared by Enrolled Agents, any unusual items or deductions that vary significantly from prior years are given special scrutiny. This is simply an avenue for utilizing expertise...
View ArticleAnother Horse Enthusiast Pursues Tax Court Case Instead of Hiring an Expert...
Perhaps the reason individuals who are active in sideline ventures are reluctant to obtain advice from tax professionals is fear that differing views of what constitutes a business will sink an ongoing...
View ArticleEnrolled Agent Preparation Assures Accurate IRS Reporting of Lawsuit Awards...
The tax impact of amounts awarded in lawsuits or received as settlements is one of the more complex subjects addressed in an Enrolled Agent course. Understanding all the factors concerning proceeds of...
View ArticleCertain Types of Businesses Demand Careful Contemplation of Hobby Rules...
Childhood infatuation with cowboy life often leads grown men to tackle part-time ranching. In most cases, a ranch operation is merely a hobby. This is true for tax purposes even when a ranch generates...
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