EA vs CPA Tax Secrets: Learn The Differences And Save Money!

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It's time to file your taxes. And if you're like most people, you're gathering a few documents and heading to your local tax professional. And you have a lot of choices:
A CPA for example, is highly educated in a broad range of financial matters. So it makes perfect sense to have them prepare your taxes. But did you know that of the two million professionals that can legally help you with tax 95% are not federally licensed by the IRS?

Any tax professional might be more qualified than you to prepare taxes. Does a federal license from the IRS really matter? And why?

One day John got a letter from the IRS saying he owed $15,000 and that he better pay up fast. John's regular guy reviewed the letter, and had nothing to add. So John went to the big chain tax office down the street for a second opinion, but since tax season was over they were closed. He was frustrated, alone, and confused.

He knew if he hired a tax lawyer and went to court, things could get ugly. He needed a simpler solution. So John went to the IRS website once again and read the section about enrolled agents. Here he discovered something very interesting. Enrolled Agents are required to complete 72hours of tax education every 3 years. So they are always up to date on the tax code. Other tax professionals are not required to do this. Also, enrolled agents do not represent, or work for the IRS. They represent you, the tax payer. Enrolled Agent status is the highest credential, and the most expansive license granted by the IRS.

So John decided to get a second opinion from Liz. Liz is an Enrolled Agent. Liz took a look at his taxes and saw that his return was filed using old tax laws. Tax laws change frequently. And since Liz is an Enrolled Agent she is always up to date on all deductions and allowances. After some detailed analysis Liz determined that John did not owe the IRS money. In fact, she discovered that the IRS owed John money! John received a $2,000 refund. With help from his Enrolled Agent he was relieved.

So John spread the news to his friend Christine about Enrolled Agents. Christine owns several businesses: two ice cream shops in New Jersey, One Restaurant in New York, and she lives in Pennsylvania. When she found out that Enrolled Agents are federally licensed to practice in all 50 states unlike the limited state licenses of other tax professionals. She decided to use an Enrolled Agent.

Christine told her friend Lewis who was being the A word, Audited. Lewis was worried until he learned that Enrolled Agents are authorized to represent you during an audit. And since Enrolled Agents are members of the National Association of Enrolled Agents, they emphasize their code of ethics. They can't disappear when things get tough, or when tax season ends. They will work with you until your tax matter is resolved. This made a worried Lewis feel at ease because he hired the most qualified professional to handle his tax problem: An Enrolled Agent.

If you're looking for an Enrolled Agent to handle your taxes or if you're just looking for a second opinion chose Omni!

Only a small number of tax professionals in the US are Enrolled Agents. Every Omni office has at least one Enrolled Agent. Let us at Omni remove the confusion, complexity, and uncertainty from filing your taxes. With several convenient locations we will take the time to understand your unique tax situation.

We will handle all aspects of your tax returns maximizing your refund, while minimizing your risk.

[conner]

Enrolled Agents are former IRS tax auditors. So they are trained to maximize that amount of tax paid to the IRS. Is that the person you want to prepare your tax return?

[maddog]

Spoke to you today about this video. I really like it.

[SuperSteve]

What's the best enrolled agent online study course?

[mbtax]

Practice management software for small individual tax company., ?

[realityblooms]

An anecdote to promote enrolled agents and undermine CPAs? Neither one is better than the other just because of a title. That being said the CPA is more prestigious and difficult to obtain.