Tax Court

Clark J. Gebman and Rebecca Gebman v. Commissioner T.C. Memo. 2017-184) Even if we never practice in the U.S. Tax Court, as taxpayer representatives we must always be aware of our ethical duties. This is especially true when representing a husband and wife who previously filed a ... Sherrill Trovato, EA, USTCP

Feature Article

Due diligence. Two little words with oversized implications for tax professionals. In most cases, under the due diligence guidelines set forth in Circular 230, tax professionals can rely on the representations of their clients without having to verify the accuracy or veracity of those rep... Dave Du Val, EA

Feature Article

"Who makes more money: the general practitioner doctor or the specialist spine surgeon?" Consultants love to ask that question, as part of recommending that tax professionals specialize our services. And, yes, we must admit: the question is a valid one. Specialists often do enjoy str... Andy Frye, EA; Joshua Azran, CPA

EVP Message

Part one of the filing season is behind us. The extensions we have with us always, to paraphrase The Good Book. If I learned anything this season, I learned EAs are professionals who are paid to know things, not to think or feel things. When our clients come to us for advice and services, we need to resi... Robert A. Kerr

Capitol Corner

If at first you do not succeed, try and try again. We expect IRS reform may be one of the few tax legislative vehicles that moves through Congress this year. Bipartisan, bicameral efforts to pass a reform bill failed at the last minute before the end of the last Congress. But that failure does not seem to have we... Recommendations of the National Association of Enrolled Agents

My EA Journey

For me, like many others, becoming an enrolled agent was a second career. It started with a part-time seasonal job preparing taxes while I continued my full-time career as an elementary music teacher. I began studying for the SEE exam and became an enrolled agent the following summer. Membership in NAEA and par... Lori Carpenter, EA, CPA

President's Message

As I wrote this, my final president’s letter, I began by reflecting on the value of NAEA to my professional career. So, fingers to keyboard, I compiled a list of some of the reasons I'm fortunate to be a member. I share them here with you. I recently attended my fourth class on §199A. I ...

Tax Tech

This article introduces the coverage within the cyber-liability policy offered to the NAEA membership. The policy is supported by Lloyds of London utilizing a London managing general underwriter (CFC), and a U.S. domestic surplus lines broker (Evolve) and offered through The Arrow Group locate... The Arrow Group

Feature Article

You have been a licensed tax professional representing your clients before IRS for many years. On a current controversial complex case, unknown to you, the IRS agent you have been working with files a “Report of Suspected Practitioner Misconduct” with the Office of Professional Responsibilit... Ruth Ann Michnay, EA, CPA, USTCP

Practice Builder

Although social media sites started over twenty years ago, their role as a communications tool is continually evolving. Many enrolled agents look to social media sites for an opportunity to network with colleagues, seek answers to perplexing issues, and even commiserate ... Trish Evenstad, EA; Melissa Longmuir, EA,

Payroll Corner

Tax and accounting professionals are certainly familiar with the concepts of value and fair market value. For example, the entire cost of employer-provided health insurance is deductible by the employer and the value is equally excluded from employees’ income. Likewise, ... Alice Gilman, Esq.

Your Questions Answered

1. Qualified Business Income and the Statutory Employee Question: I have a few clients whose Form W-2, box 13 shows them as statutory employees. Assuming they are properly classified, would they qualify for the qualified business income (QBI) deduction in §199A? An... Gil Charney, CPA