IRS has just announced that beginning July 1, 2011 the rate for deducting standard business mileage is raised to 55.5¢ per mile and the rate for moving and medical is raised to 23.5¢ per mile, up from 51¢ and 19¢. Let me know if you have any questions on this.
What is an Enrolled Agent?
June 27, 2011An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.
What does the term “Enrolled Agent” mean?
“Enrolled” means to be licensed to practice by the federal government, and “Agent” means authorized to appear in the place of the taxpayer at the IRS. Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department.
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March 31, 2011Welcome to the Tax and Financial Assistance Blog!
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