When considering the many tax credits available to individuals with dependent children, a few people jokingly point out the benefits they could derive by claiming the family pet as a qualifying child.
Incorporated small businesses with one shareholder operating the enterprise frequently create headaches for Enrolled Agent tax work. These entities require separate tax returns and specific accounting
Fewer tax preparers wanting to deal with claims for the Earned Income Tax Credit may mean increased business for Enrolled Agents. A tax pro with EA certification is possibly more confident about handl
Rising tax rates and the imposition of new taxes in 2013 has reversed the strategy usually deployed at year-end regarding desirable timing for income. Normally, taxpayers want to count income after a
After becoming an Enrolled Agent, you’re never safe to assume that you’ve mastered all the common situations that are likely to arise with clientele. New tax rules appear every year. Plus, many of
One of the nastiest tax consequences thrust upon the unwary arises from retirement account withdrawals. In fact, Enrolled Agent courses reveal that two types of taxes are possible. First, regular inco
Pity the Enrolled Agent tax expert who deals with individuals taking distributions from their retirement plans. A variety of possible tax consequences must undergo consideration. Moreover, explaining
People who make frivolous tax arguments become convinced their positions are valid and usually fail to solicit accurate tax advice. That is, they typically receive the opinion of an erroneous source a
Death and taxes may be the two certainties in life for all individuals, but another factor seems inevitable for most small business owners. That is, challenging economic conditions cause small busines
Long hours at work with piled high files may not seem like a dream job to most people, but IRS Enrolled Agents embrace it. They may have some uneasiness during their first season of preparing tax retu
