When it comes to seeking advice from a tax professional, it is important to keep in mind that not all tax practitioners can offer the same services to you. When it comes to working with an enrolled agent, you are choosing to work with someone who has gone through extensive training and is at the highest position in their field. Enrolled agents are trained and educated to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any other entity that has tax-reporting obligations.
In addition to the rigorous initial testing required to become an enrolled agent, these tax professionals are also required to continue their education throughout the duration of their careers. This continued education is demanded from them to keep their titles, ensuring any taxpayer who turns to an enrolled agent for help is working with a professional that has the knowledge to effectively represent them. This is an incredibly valuable asset to have when dealing with tax audits and other tax issues, especially with tax laws continuously evolving and changing. Unlike other tax agents, enrolled agents are required to continue professional education requirements that actually exceeds the IRS’ minimum standards. This means, when you work with an enrolled agent, you can rest easy knowing they have the most up-to-date knowledge and can make the laws work for you better than anyone else.
According to the National Association of Enrolled Agents, the main competitive advantages of using an enrolled agent for taxes are as follows:
No Geographical Limitations: This is a huge advantage to those who choose to work with an enrolled agent for taxes. Enrolled agents are able to work in any state, meaning if you have businesses and assets that go beyond just one singular location, you will need to file in more than one state. Using an EA to do filings in multiple states allows you to save time and effort in finding a different CPA for each state you need to file in. And, if you find an EA that you like and trust, you can rest assured that you can continue using their services no matter where you or they end up moving.
Cost: Another competitive advantage to working with an enrolled agent for your tax services is cost. If CPAs in your local area charge high hourly rates, you’re likely to find more reasonably-priced services with EAs. The services are the same, but EAs can charge decreased fees because there is less overhead. For instance, EAs can help you from anywhere in the country or they can be located in less expensive geographic locations.
Specialized Knowledge of Federal Tax Code: EAs have specialized knowledge of the federal tax code. This is either accredited by the U.S. Department of Treasury through the examination or direct working experience with the IRS. The credentials and/or experience can better equip EAs with the language and tools necessary to prevent their clients from getting audited. Not to mention all of the additional education required from enrolled agents in order to maintain their title. All in all, this means less time and potential liability for you.
Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.