OUR SERVICES: TAXES PREPARATION

Enrolled Agent

What does an Enrolled Agent do?

An Enrolled Agent (EA) is a tax professional authorized by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS). They specialize in tax preparation, tax planning, tax compliance, and IRS representation. EAs help individuals, businesses, estates, and trusts navigate complex tax laws, minimize tax liabilities, and ensure compliance with tax regulations. They also represent clients in IRS audits, appeals, and other tax-related matters, acting as advocates and providing expert advice on tax issues.

    Tier 1

    .

    		 1 to 2
    years of
    experience

    Tier 2

    .

    		 3 to 5
    years of
    experience

    Tier 3

    .

    		 > 5
    years of
    experience

    ABOUT THE ROLE

    Roles and Responsibilities

    • Tax Preparation: Enrolled Agents prepare tax returns for individuals, businesses, estates, and trusts. They ensure that all tax documents are accurate and filed on time to comply with IRS regulations.
    • Tax Planning: EAs help clients with tax planning strategies to minimize tax liabilities while staying compliant with tax laws. This includes advising on deductions, credits, and other tax-saving opportunities.
    • IRS Representation: Enrolled Agents can represent taxpayers in front of the IRS for audits, collections, appeals, and other tax-related matters. They act as advocates for their clients and communicate on their behalf with the IRS.
    • Tax Compliance: EAs help clients understand their tax obligations and ensure they comply with federal and state tax laws. They stay updated on tax code changes and advise clients accordingly.
    • Tax Resolution: In cases of tax disputes or owed taxes, Enrolled Agents negotiate with the IRS on behalf of their clients to reach favorable resolutions, such as installment agreements or offers in compromise.
    • Client Advisory: Beyond tax matters, Enrolled Agents may provide financial and business advisory services to help clients make informed decisions regarding investments, retirement planning, and other financial aspects.

    Day-to-Day Duties

    • Client Meetings
    • Tax Return Preparation
    • Tax Compliance
    • IRS Representation
    • Tax Planning
    • Research
    • Client Advisory
    • Documentation
    • Continuing Education
    • Networking and Marketing
    • Tax Compliance
    • Financial Reporting
    • Investment Management
    • Estate Planning
    • Retirement Planning

    SKILLS AND TOOLS

    Soft Skills

    • Strong analytical skills
    • Strong work-ethic
    • Process-oriented person
    • Customer Service skills
    • Ability to multitask
    • Presentation Skills
    • Time management
    • Strategic thinking

    Hard Skills

    • Accounting Principles
    • Data Analysis
    • Risk Management
    • Tax Research
    • Ability to document
    • Financial Analysis
    • Business Law
    • Auditing skills

    Tools

    IRS e-Services 90%
    Tax Softwares 70%
    Client Portals 80%

    Education

    Common Educational Backgrounds and Careers for this Role:

    • Accounting
    • Business administration
    • Forensic Finance
    • Taxation
    • Finance
    • Legal Studies

    CANDIDATES TESTS

    Tests & Evaluations for Candidates

    QuickBooks

    QuickBooks Online (UK and US version) test to hire

    8/10

    Bookkeepers, accountants, financial clerks, financial managers, business and clerical administrators.

    GAAP

    Use the Financial accounting (US GAAP) test to hire

    8/10

    Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.

    IFRS

    Use the Financial accounting (IFRS) test to hire

    8/10

    Bookkeepers, accounts assistants, financial accountants, financial managers, and other roles requiring a good grasp of financial accounting.