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Wednesday, January 7, 2015

Phoenix Financial Group IRS Enrolled Agents

Phoenix Financial Group IRS Enrolled Agents

What is an IRS Enrolled Agent?

Per the IRS website, "An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.

Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before."

The National Associate of Enrolled Agents state, "Enrolled agents (EAs) are America's Tax Experts. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS".

According to Wikipedia, "An enrolled agent (or EA) is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS). Enrolled agent status is the highest credential awarded by the IRS.[1] The EA credential is recognized across all 50 U.S. statesAttorneys and certified public accountants (CPAs) are licensed on a state by state basis, and are also empowered by the Department of the Treasury to represent taxpayers before the IRS.[2] According to the National Association of Enrolled Agents, there are approximately 48,000 practicing EAs in the United States". 

Prometric is a place where people can sign up to take the SEE to become an Enrolled Agent. Their web site says, "Welcome to the IRS Special Enrollment Exam (SEE). Individuals wishing to become an IRS Enrolled Agent must take and pass the SEE".

Per the Cambridge Business Institute, "Enrolled Agents are tax professionals licensed or enrolled to practice before the Internal Revenue Service (IRS). Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884, when Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department. As an Enrolled Agent you may practice independently, be employed by the IRS or as an in-house tax accountant".