Feature Articles | EA Journal

Feature Article

Avoiding the Perils and Pitfalls of Fee Predicaments

Rules on fees can be found in numerous sections of Circular 230i as well as the Internal Revenue Code (IRC) and various other regulations, so it is no surprise that the tangle of rules is full of inherent... Jennifer MacMillan, EA

Summer 2024, Feature Article, contingent fee, fees, refunds, Internal Revenue Code, §10.30, OPR, refund anticipation loans, ethics, RAL, Office of Professional Responsibility, §10.29, Circular 230, abusive tax avoidance transactions, CP2000, ATAT, Social media, IRC

Feature Article

Caught ‘Tween the Devil and the Deep Blue Sea

“The devil and the deep blue sea…” The idiom harkens back to an era when wooden sailing vessels had a seam below the deck called the devil, which needed to be caulked regularly. Tasked with the job of sealing the devil, some unl... Jennifer MacMillan, EA

Summer 2024, Feature Article, §10.29, qualified domestic relations orders, QDROs, self-interest, OPR, ethics, Office of Professional Responsibility, conflict, entity, Circular 230

Feature Article

The Two Biggest Conflicts of Interest Overlooked by Tax Professionals

Election years always serve as a reminder to avoid conflicts of interest. They also serve as a reminder that it is often easier to identify someone else’s conflict of interest than one... Amber Gray-Fenner, EA, USTCP

Summer 2024, Feature Article, Arthur Andersen, entity, Loving v. IRS, Circular 230, §7216, FBAR, stakeholder, Financial Crimes Enforcement Network, FinCEN, Foreign Bank Account Report, conflict of interest, OPR, §0.29(a), ethics, Enron, Office of Professional Responsibility

Feature Article

What Enrolled Agents Need to Know About Form 8300 and Digital Assets

Businesses who accept cryptocurrency (crypto) as payment and many tax practitioners who provide compliance services for those businesses were relieved to hear that the Internal Revenue Service (IRS) has delayed the require... Amber Gray-Fenner, EA, USTCP

Summer 2024, Feature Article, FinCEN, §6045(g)(3)(D), Social Security, decentralized finance, Form 8300, DeFi, §6050I, Notice 2024-4, Non-fungible token, Infrastructure Investments and Jobs Act, NFT, digital assets, cryptocurrency, beneficial ownership information, §183, crypto, BOI, Treasury Regulation 1.183-2, FBAR, U.S. Securities and Exchange Commission, Foreign Bank and Financial Accounts, SEC, Financial Crimes Enforcement Network

Feature Article

The Advertising and Solicitation Restrictions in Circular 230

One of the last press releases from the Office of Professional Responsibility (OPR) announced a disciplinary settlement with an enrolled agent (EA) for violations ... Karen L. Hawkins

Summer 2024, Feature Article, CPA, certified public accountant, OPR, MR 7.1, ethics, §10.51(a)(5), Office of Professional Responsibility, §10.30(d), Circular 230, 10.30(b), American Bar Association, fee, misconduct, §10.30, advertising, solicitation, Model Rules of Professional Conduct