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The IRS is working to increase its audit fees as it received $80 billion dollars and will hire more than 87,000 new auditors to review filer information, and not only from current years but from previous years as well.
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Our dedicated Enrolled Agent provides personalized tax solutions for individuals and businesses. Get the answers you need from our expert.
An Enrolled Agent is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service (IRS) for audits, collections, and appeals.
Enrolled Agents can provide a wide range of tax-related services, including tax preparation, tax planning, audit representation, collection resolution, and appeals representation. They can also assist with state and local tax issues, estate and gift tax planning, and other tax-related matters.
While both Enrolled Agents and CPAs can provide tax-related services, they differ in their areas of focus and the scope of their authority. Enrolled Agents specialize in taxation and have the authority to represent taxpayers before the IRS, while CPAs typically provide a broader range of accounting services and are licensed by state boards of accountancy.
You can find an Enrolled Agent by searching the IRS's directory of tax professionals or by checking with professional organizations such as the National Association of Enrolled Agents (NAEA). You can also ask for referrals from friends, family, or other trusted sources.
The cost of Enrolled Agent services can vary depending on the complexity of your tax situation and the services you require. Enrolled Agents may charge by the hour, by the project, or based on a percentage of your tax savings. It's important to discuss pricing upfront and get a written estimate before engaging an Enrolled Agent.