logo
g Text Version
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies

dailyclick
Bored? Games!
Nutrition
Postcards
Take a Quiz
Rate My Photo

new
Bible Basics
Houseplants
Romance Movies
Creativity
Family Travel
Southwest USA
Irish Culture


dailyclick
All times in EST

Full Schedule
g
g Taxes Site

BellaOnline's Taxes Editor

g

Benefits of Choosing a Professional Tax Preparer

Guest Author - Kate Woods

I recently attended a seminar that is called the Working Together Seminar. It is presented by the IRS, State Tax Representatives, Enrolled Agents and other Tax Professionals and considered a meeting of minds or a partnership of public and private tax professionals. It is designed to try to make it easier to look at tax issues from both sides the two sides being the taxing authorities and the professional tax preparers who represent the taxpayers.

Enrolled Agents, Tax Professionals licensed by the IRS (EAs) and Certified Public Accountants (CPAs) are required to earn continuing education credits by attending seminars and taking courses to stay current on tax and accounting matters. EAs are also required to earn credits in ethics. It is a real benefit to the clients of licensed tax preparers that they are required to continue to stay current in these matters.

Tax laws change from year to year, sometimes in minor ways and some times dramatically. Even though most tax preparers use computers to prepare returns these days, its important for them to be aware of the tax law changes so that they can be sure that the software is applying them correctly to the returns. Many tax concepts can be handled in more than one way, such as Section 179 depreciation deductions. Just because a taxpayer is entitled to this specific deduction doesnt mean they should always maximize it every year. This is the type of tax concept that tax professionals can explain and offer advice on. Looking at income projections and tax rates can sometimes indicate that a deduction will be worth more in a future year than in a current year. Advice regarding the ability to bunch income and deductions at the end of a year can sometimes prove to be a tax saving idea.

These are just a sampling of ideas that may have been discussed at seminars and in courses that tax professionals attend to stay current and to meet their continuing education requirements. Its a safe assumption that both the tax professional and their clients benefit from the continuing education requirements.


I hope you're enjoying Just the Basics on the Taxing Subject of Taxes!

Any U.S. tax advice contained in this electronic communication was not intended or written to be used, nor can be used, by any recipient of this communication for the purpose of avoiding penalties that might be imposed pursuant to the Internal Revenue Code or U.S. Treasury Regulations, or any other state or local law or regulation.

Content of this site is not intended to replace professional consultation




This site needs an editor - click to learn more!

Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Twitter Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Facebook Add Benefits+of+Choosing+a+Professional+Tax+Preparer to MySpace Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Del.icio.us Digg Benefits+of+Choosing+a+Professional+Tax+Preparer Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Yahoo My Web Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Google Bookmarks Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Stumbleupon Add Benefits+of+Choosing+a+Professional+Tax+Preparer to Reddit




RSS | Related Articles | Editor's Picks Articles | Top Ten Articles | Previous Features | Site Map


For FREE email updates, subscribe to the Taxes Newsletter


Past Issues


print
Printer Friendly
bookmark
Bookmark
tell friend
Tell a Friend
forum
Forum
email
Email Editor


Content copyright © 2014 by Kate Woods. All rights reserved.
This content was written by Kate Woods. If you wish to use this content in any manner, you need written permission. Contact BellaOnline Administration for details.

g


g features
The Taxing Subject of Taxes

Requesting an Extension of Time To Pay Your Taxes

Why We Pay Income Taxes

Archives | Site Map

forum
Forum
email
Contact

Past Issues
memberscenter


vote
Poetry
Daily
Weekly
Monthly
Less than Monthly



BellaOnline on Facebook
g


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.


BellaOnline Editor