Capital Innovations offers many tax services spanning individual to business returns:
• Individual Returns (1040-EZ, 1040A, 1040, Sole Proprietorship)
• Business Returns (C-Corp, S-Corp, Partnership, Non-Profit, LLC)
• Payroll Taxes (Quarterly Form 941 & Annual Form 940)
• Payroll Taxes (Quarterly TWC Report)
• Franchise Tax Return (Annual)
Analysis of Financial Situation from a Tax Perspective
• Timing of Income/Expenditures
• Advice on Filing Status
• Legal Deductions Available
We also provide guidance to our clients to make sure they are taking advantage of all legally available deductions to minimize tax liability. Tax Planning can provide significant benefits for your personal or business finances.
TRUST YOUR TAXES TO AN ENROLLED AGENT!
What Does an Enrolled Agent (EA) Do?
EAs are licensed by the federal government. It means that they are authorized by the U.S. Department of Treasury to appear in place of the taxpayer at the Internal Revenue Service (IRS). Only EAs, attorneys, and Certified Public Accountants (CPAs) may represent taxpayers before all administrative levels of the IRS for adults, collections, and appeals.
The EA profession dates back to 1884. After questionable claims had been presented for Civil War losses, the Congress acted to regulate persons who represented citizens to the Treasury Department.
What Are the Differences Between EAs and Other Tax Professionals?
Only EAs are required to demonstrate their competence in matters of taxation before they are allowed to represent a taxpayer before the IRS. Unlike attorneys and CPAs who may or may not choose to focus on taxes, all EAs specialize in taxation.
CPAs and attorneys are state-licensed, but EAs are the only taxpayer representatives who received their rights from the U.S. government. The EAs’ federal license allows them to represent taxpayers in any state in the U.S. and its territories.
Are Enrolled Agents Bound by Any Ethical Standards?
EAs are required to abide by the provisions of the U.S. Treasury Department Circular 230. Any EAs who have violated the provisions contained in Circular 230 may be suspended or disbarred.
How Can an Enrolled Agent Help Me?
EAs advise, represent, and prepare tax returns for individuals and various entities with tax-reporting requirements. They prepare millions of tax returns each year. As experts who contribute in the changing field of taxation, it is their responsibility to effectively represent taxpayers who are audited by the IRS. They also deal with the IRS Collection Division on behalf of taxpayers.
Are EAs Required to Take Continuing Professional Education?
In addition to the strict testing and application process, EAs are required to complete 72 hours of continuing professional education. The process is done every three years to maintain their status. Because it is difficult to become an EA and to keep up with the required credentials, there are no more than 30,000 active EAs in the U.S.