What is the function of an enrolled agent?

Enrolled Agents (EAs) are tax experts who are licensed by the federal government to represent taxpayers before the Internal Revenue Service (IRS). They are authorized to represent individuals, businesses, and other entities in matters related to all federal tax laws, including income tax, estate and gift tax, payroll tax, excise tax, and employment tax.

Here are the primary functions of an enrolled agent:

1. Tax Preparation and Filing: EAs can prepare and file federal income tax returns for individuals and businesses. They use their expertise to ensure accuracy, maximize deductions and credits, and minimize tax liability.

2. Problem Resolution: EAs can assist taxpayers in resolving various tax issues, such as audits, appeals, correspondence, and collection matters. They communicate and negotiate with the IRS on behalf of taxpayers to help find favorable resolutions.

3. Tax Consulting and Planning: EAs provide tax consulting services to help individuals and businesses plan and manage their tax affairs effectively. They can advise on tax implications of financial decisions, business structures, and investments to minimize future tax liabilities.

4. Representation Before the IRS: Enrolled Agents have the authority to represent taxpayers before the IRS at all administrative levels. They can attend IRS meetings, conferences, and hearings, presenting evidence and arguing the taxpayer's case as necessary.

5. Continuing Education: EAs must complete continuing education requirements prescribed by the IRS to maintain their licenses. This ensures that they stay up-to-date with the latest tax laws, regulations, and procedures.

Enrolled Agents are highly qualified tax professionals who undergo rigorous examinations and maintain ethical standards set by the IRS. Individuals and businesses can benefit from the expertise and representation provided by EAs to navigate complex tax matters, comply with tax obligations, and resolve disputes with the IRS.