A: Enrolled Agents (EAs) are federally-licensed tax practitioners. As stipulated by the Department of the Treasury’s Circular 230 regulations, EAs are authorized to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled agents are the only federally-licensed tax practitioners who specialize in taxation and have unlimited rights to represent taxpayers before the IRS. (More about Enrolled Agents)
A: There is some general confusion about the differences between tax preparation and bookkeeping. Tax preparation takes your financial statements and produces a tax return. Bookkeeping takes your raw financial data and turns it into financial statements. People will sometimes bring us raw financial data, thinking we need it for tax preparation. If they do, we can do some bookkeeping (for an outrageous fee) to turn it into finished financial data before proceeding with tax preparation.
The price is really high because we don’t want to do it, but if you’re willing to pay that much, we’ll do it.
A: I can, but I don’t. Those are specialized fields, and I don’t specialize in them. Asking me to prepare your Trust or Estate return would be like asking a divorce attorney to represent you in a dispute over a patent. Not the right fit.
A: Yes, if you are Scarlett Johansson. No, if you are anyone else. I will need at least a few days, depending on my current workload. Sometimes a few weeks. (Fair Warning: If you’re in my work queue and Scarlett calls, you are moving down the list. You understand.)