NAEA Letter Regarding Reporting Standards for Tax Preparers

…and business taxpayers. EAs adhere to a code of ethics and professional conduct and are required by IRS to take continuing professional education. Like attorneys and certified public accountants, enrolled agents are governed by Treasury Circular 230 in their practice before IRS. Since its founding in 1972, NAEA has been the enrolled agents’ primary advocate before Congress and IRS. NAEA has affiliates and chapters in 42 states. For additional information about NAEA, please go to our website at www.naea.org. http://www.house.gov/jct/x-29-07.pdf…

NAEA Follow-up Letter to Deputy Commissioner Linda Stiff Regarding Form 2587 Checkbox

…that the information of all applicants for enrollment to practice is automatically disclosed. Last August, NAEA wrote OPR Director Michael Chesman to request that the checkbox be added back to Form 2587. In private conversations, Mr. Chesman has voiced no opposition to the change. Further, senior Prometric officials have also indicated that it would be easy to add the check box to the electronic form. For the reasons mentioned above, I was surprised to learn of the Service’s decision not…

FAQ

…tax system, are the supreme law of the land. The Minnesota statute, on the other hand, effectively repeals the nationwide reach of the enrolled agent to practice before the Internal Revenue Service. What is the monetary cost to comply with the law? The Minnesota law would require any enrolled agent in the country representing a single taxpayer from Minnesota before the IRS to register and pay a $1,000 initial registration fee and $250 annual renewal fee. Similarly, the Debt Settlement…