Why You Might Want To Use An Enrolled Agent To Prepare Your Taxes

If you have decided that you no longer want to do your own taxes, then you will need to find the best possible professional to help you, such as an enrolled agent. If you have not yet used an enrolled agent for tax representation and completion in the past, then you will want to continue reading. The more you know about the benefits of hiring this type of professional, the easier it will be for you to see why you might never want to use anyone else for your taxes ever again. Here are some of the things you want to know about the enrolled agents:

They Are Familiar With The Most Complicated Returns

Those who tend to have more complicated returns tend to worry about finding a professional who will be able to complete their return with ease. If you have a lot of investment income, a few businesses, and maybe some lottery winnings that you have to have accounted for on your income taxes, you will want to make sure that you are giving your taxes to an enrolled agent.

They Can Represent You If You Get Audited By The IRS

Being audited by the IRS can be incredibly intimidating, especially for anyone that has never had to go through the process before. However, if you had an enrolled agent working on your taxes, they can represent you in front of the IRS. This is not something that just any tax preparer can do. They have to be an enrolled agent in order to stand before the IRS and state your case. Also, the nice thing about having the enrolled agent represent you in an audit is that the agents typically have a very good standing with the IRS. This might mean that your IRS auditors might not be so prone to give you a lot of trouble since they know you had a quality professional preparing your taxes for you.

Now that you have a better understanding as to why it can be so beneficial for you to hire an enrolled agent for your taxes, you will want to start the process of finding the right professional for the job. If you already know of some people using such agents for their own tax needs, you might want to ask them about their experience and whether they believe their enrolled agent would be a good fit for you as well. You can also conduct an online search that will help you find reviews on the local enrolled agents in your area.

About Me

Self-Employment and Taxes -- What You Need to Know

Is this your first year working as a self-employed individual? If so, filing taxes is going to be very different from what you may be used to. I know the first year I filed my self-employment taxes, I was so confused. There were new forms to fill out and new deductions. And the laws are always changing, so there's a lot to keep track of. That's why I created this website. I know there are others out there that are like me and may find this process overwhelming. I created this website in hopes of answering all of the questions you may have about being self-employed and how that affects you come tax time.