A tax preparer eager to provide greater value to clients has new IRS guidance to consider regarding losses from investment scams. The issue is complex and requires careful judgment.
Basically, taxp
Probably the most common reason taxpayers receive IRS notices is omission of income from their tax returns. The IRS learns about omitted income by receiving 1099 reports from the entities that made pa
The Earned Income Credit doesn’t require a taxpayer to have a child. However, a qualifying child results in a higher credit and causes taxpayers with higher incomes to qualify for the credit. Tax pr
The first and most important step on a tax return is identifying filing status. This may seem quite simple, but any enrolled agent tax preparer is aware that complications can arise. Making the correc
A dependency exemption permits a taxpayer to exclude a fixed amount of income from tax. Although dependent children constitute most exemptions, a qualifying relative is also a dependent. Taxpayers can
A preparer of tax returns in California is required to obtain special certification with the state. The California Tax Education Council (CTEC) administers the registration of tax preparers who are no
Exam, License, Education, Ethics & More
Q: How does one become an enrolled agent?
A: In either one of two ways: (1) By passing the computer-based IRS Special Enrollment Examination and then
"Congratulations! You've just finished taking the enrolled agents exam, which will determine whether or not you can practice before the IRS. Here are your results!"
Okay, so that's not the EXACT
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