A Social Media Primer for Busy Enrolled Agents
Not on social media? Feel like you are too old or not techy enough? Have an established practice and do not think it is necessary to engage with your community or outside your immediate circle? Even experienced enrolled agen... Amber Gray-Fenner, EA
Every Taxpayer Deserves Tax Planning
As I write this column, it appears major tax changes are on the horizon as Congress debates a reconciliation bill that has the potential of significantly raising taxes on households making $400,000 while providing many additional tax benefits to those who make less than t... Thomas Gorczynski, EA, USTCP
Tax Planning Versus Preparation – What Is the Difference?
Visit social media or Google these days and you will most likely see advertisements for tax planning. But many taxpayers (and even tax professionals) are confused about the differences between tax planning... Dominique Molina, CPA
An Innocent Spouse Victory When the Taxpayer Knew the Tax Would Not Be Paid
Recently, I represented a United States Tax Court case related to innocent spouse relief, Jessica Lynn Grady a.k.a. Jessica Lynn Gans v. Commissioner (16411-17S). The evidence was substantial (supporting h... Cindy Agostini, EA, USTCP
Limited Partners and Self-Employment Tax
As tax professionals, we are often given Schedule K-1 forms by our clients in order to report their income and/or losses from their investments in pass-through organizations. How involved are we, ... Keith A. Espinoza, EA
2021 Employee Retention Credit Overview
Employee Retention Credit Guidance for First and Second Quarters of 2021 The Internal Revenue Service (IRS) has now released guidance to address changes made by the Consolidated Appropriations Act, 2021, for... TheTaxBook
When Married Filing Jointly May Not Be Best
Ask any tax preparer the best filing status for a married couple, and most of the time the answer will be “married filing jointly,” of course. The filing status normally is one of the easier items when prep... Jennifer L. Cable, EA
Cyber Insurance: What Am I Getting for My Money?
Along with everything else, the cost of insurance continues to rise. Because of the surge in cyber hacking claims, insurance companies have no choice but to raise their premiums. CFC, the underwriting company for the National Association of E... Robert G. Moody and George J. Kolczun, Jr.
We Are All in This Together
In my last column I wrote about the growing professional demands on us and how those demands require perseverance, patience, grace, and kindness. Rather than despair, we need to dig deep and put our best foot forward. While this is the appropriate, if difficult, respon... David Tolleth, EA
Being the “Bestest” Tax Nerd You Can Be
I became enamored with taxes at a very early age. I will forever be thankful to my math teacher in junior high school who introduced me to taxes. For two weeks, a long table was strewn with piles of tax forms. I can still remember the wonderful smell of m... Robin Gervais, EA
Tax Policy 101
Those of you who have made the pilgrimage to the Internal Revenue Services’ (IRS) headquarters, which I have quasi-affectionately referred to as “the big house,” (or by its address, 1111 Constitution Avenue) may have noted the Oliver Wendall H... Robert Kerr, EA
Winning at the Tax Planning Game
Tax planning is like playing a game with the Internal Revenue Service (IRS)—they hand us a rule book, we have to follow their rules, and if your client overpays in taxes, you lose. If you can play by the rules and find savings for your clients... Duke Alexander Moore, EA
Demonstrating Our Influence and Creating More Opportunities for Member Involvement in Advocacy
Advocacy is the heart of the National Association of Enrolled Agents (NAEA) and is why the association was started 50 years ago – to protect and serve the enrolled agent (EA) community. Our goal at NAEA is to demonstrate our influence with... Jeffery S. Trinca and Michelle McCaughey
Setting the Path
Like many organizations, the pandemic has forced the National Association of Enrolled Agents (NAEA) to reassess, reprioritize, and reimagine. Business as usual has been disrupted on all levels: from the way we collaborate and communicate as a team internally to how we engag... Megan Killian
The Role Technology Plays in Your Practice
Wikipedia has defined technology as "the sum of any techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation.” As a n... Nayo Carter-Gray, EA