An Enrolled Agent is a credential awarded by the US Treasury/Internal Revenue Service that allows the credential holder to represent taxpayers before the Internal Revenue Service. The Enrolled Agent credential is the highest credential that the Internal Revenue Service Awards. For more information about the Enrolled Agent credential, please click here: https://www.irs.gov/tax-professionals/enrolled-agents
I strongly urge all of my accounting students to obtain their Enrolled Agent credentials. While the exam is rigorous, it is manageable. The exam is divided into three parts: 1) Individuals, 2) Businesses, and 3) Representation, Practices and Procedure. Section 2–Businesses, is by far the most difficult section.
My recommendation is to use the Gleim Enrolled Agent Review Course. This is the study course that I used for my Enrolled Agent exam, and I also plan to use Gleim for the CPA and CMA exams. Here is a link to the Gleim Enrolled Agent Review Courses: https://www.gleim.com/enrolled-agent-review/courses/
My recommendation is to purchase either the Traditional or Premium review systems.
Yesterday, I received a telephone call from a 305 area code (Miami). After listening to the message, I called them back. They claimed to be from the Internal Revenue Service and that I had owed a past due amount and that they were going to pursue criminal charges against me. Today, a client called me and informed me that she had received a similar call.
In both cases, these were phishing scams and not the Internal Revenue Service! I refused to give them any information, and when I informed them that they were not the IRS they hung up on me.
DO NOT give these people any information! The IRS does not call you if you owe them money. When you owe the IRS money, you will be sent numerous notices via USPS First Class Mail. It is very rare for the IRS to call a taxpayer! They nearly always use USPS First Class Mail to contact taxpayers, especially if this is an initial contact!
When in doubt, ask for their name, badge number, and a number where your accountant or attorney can call them back. Then hang up. Do not give them any personal information whatsoever over the phone–do not confirm any personal information! When in doubt about any collection proceedings from any tax authority, contact your tax professional.
Also, note that it is extremely rare (never to the best of my knowledge) for the IRS to use email when dealing with tax payers.
See the following Internal Revenue Service links below for more information:
See the following California Franchise Tax Board links below for more information:
The Internal Revenue Service recently revamped the website, www.irs.gov, in response to user feedback. The new look is designed to facilitate users in locating information and improving access by various devices, including smartphones, laptops, tablets, and desktops.
The IRS recently lost a class action lawsuit on how they manage and charge for the Preparer Tax Identification Number (PTIN) program. The IRS PTIN program was updated to include an annual renewal and annual renewal fees several years ago. This was ostensibly to combat tax preparer fraud, yet the IRS was never quite able to articulate how it combated fraud and how much fraud it prevented. The 2014 Loving case is a related case in which the IRS lost the ability to regulate tax preparers.
For more see:
The IRS Office of Professional Responsibility lost a court case against disbarred attorney, James Sexton, Jr. that tried to regulate Sexton’s preparation of tax returns and offering services of written advice. The court issed a declatory judgment, rejecting the IRS Office of Professional Repsonsibility motion for summary judgment. Furthermore, the court issued a permanent injunction against the IRS Office of Professional Responsibility from pursing further enforcement against Sexton in this matter. Sexton successfully argued that the Loving case applied to his situation because, as a disbarred attorney, the IRS Office of Professional Responsibility did not have jurisdiction over him. He was not representing clients before the IRS because, as the Loving case determined some years earlier, preparing tax returns does not constitute practice before the IRS and the IRS cannot regulate those who do not practice before the IRS.
FEDERAL TAX DEADLINE FOR FILING 2016 INDIVIDUAL TAX RETURNS HAS BEEN MOVED TO
TUESDAY, APRIL 18, 2017
April 15, 2017 falls on a Saturday which would normally push the IRS federal tax filing due date to Monday, April 17, 2017; however, because Monday, April 17, 2017 is Emancipation Day in the District of Columbia, the IRS federal tax filing deadline has been moved to Tuesday, April 18, 2017.
For more information, please visit: