Enrolled Agents have to Pass 3 Part Computerized IRS Exam with a passing Grade of 80% or above. These Exams cover Individuals, Business Tax Laws for Different Entities, and Ethics.. The Enrolled Agents have to take 24 Hours Per Year of Continuous Professional Education (CPE) including 2 Hours in Ethics. IRS Reviews & Renews EA Status Every 3 years.
So, Ask Your Tax Preparer: Are you Enrolled Agent ? If Not, then choose an Enrolled Agent in Your Area. Note Yajnik & Mehta Associates (YMA) has 2 Full Time EAs on their Staff.
For More Information On Enrolled Agents, Contact
Kash, @ Yajnik & Mehta Associates (YMA) (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Monday, July 29, 2013
Monday, July 22, 2013
" What Diffentiates Enrolled Agents From Other Tax Preparers ? "
Enrolled Agents (EA) are tested for Competency In Tax Laws and are required to Demonstrate Competence in Tax Matters. They are Authorized to Represent Tax payers by the U.S. Department Of Treasury. While Many Tax Return Prepares See their job as Seasonal Ending on April 15, EAs provide Services through out the year.
Enrolled Agents are also Governed By and Follow the IRS Ethics Standards - Circular 230. Every year They are mandated to take at least 2 Hours of Course in Ethics.
So Ask Your Tax Preparer : Are you Enrolled Agent ? If Not, then choose an Enrolled Agent in Your Area. Yajnik & Mehta Associates (YMA) has 2 Full Time EAs on their Staff.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (YMA) (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
Enrolled Agents are also Governed By and Follow the IRS Ethics Standards - Circular 230. Every year They are mandated to take at least 2 Hours of Course in Ethics.
So Ask Your Tax Preparer : Are you Enrolled Agent ? If Not, then choose an Enrolled Agent in Your Area. Yajnik & Mehta Associates (YMA) has 2 Full Time EAs on their Staff.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (YMA) (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
Monday, July 15, 2013
" Who Are Enrolled Agents (EA) ? "
Enrolled Agent (EA)s are Tax Professionals Licensed by the Federal Government to Represent Taxpayers. They Defend Taxpayers in IRS Tax Return Examination and also State Tax Return Audit.
E.A. is Licensed to Practice in Any of the 50 states Unlike a CPA who is Licensed to Practice in a Specific State. Yajnik & Mehta Associates (YMA) has Two Enrolled Agents.
While Many Tax Return Preparers work Seasonally, Enrolled Agents Provide Year Round Tax Return Preparation, Tax Planning, Tax Consultation, & Tax Representation Services. Therefore, E.A. may also provide Tax Problem Resolution Services.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (YMA) (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
E.A. is Licensed to Practice in Any of the 50 states Unlike a CPA who is Licensed to Practice in a Specific State. Yajnik & Mehta Associates (YMA) has Two Enrolled Agents.
While Many Tax Return Preparers work Seasonally, Enrolled Agents Provide Year Round Tax Return Preparation, Tax Planning, Tax Consultation, & Tax Representation Services. Therefore, E.A. may also provide Tax Problem Resolution Services.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (YMA) (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
Monday, July 8, 2013
" What Intangible Benefits Do YMA Tax Clients Get? "
Yajnik & Mehta Assocates (YMA) is in 10th year of Tax Return Preparation & IRS Representation Business for Individuals & Businesses in the Tri-Valley area.
We offer the following benefits to our clients through out the year:
1. FREE Tax Planning.
2. FREE Tax Consultation.
3. FREE IRS / CA FTB Audit Assistance.
4. FREE Annual Tax Return Warranty.
5. FREE Senior Home Visits
6. FREE Tax Q&A
7. Deep Discount For War Veterans.
7. Deep Discount For War Veterans.
We provide Tax Firm Like Services without the Office Overhead and Pass Savings to Customers.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
Monday, July 1, 2013
" How Much Foreign Financial Assets You Own ? " IRS
If Tax Payer Owns, Financial Assets worth more that $50,000 0r $75,000 (Higher Threshold For Married Filing Jointly or Living Abroad) any time during the 2012 Year, You Must file Form 8938, Statement Of Specified Foreign Financial Assets at Overseas Financial Institutions. Use the End Of the Year Exchange Rate for Conversion to US Dollars.
The Form 8938 is due by the Tax Dead Line plus and extension for the Income Tax Return. File this form with your Tax Return.
Penalty: Up To 10K$ for Failure to Disclose and 10K$ for each additional 30 days of Non-Filing after IRS Notice. Potential Maximum Penalty of 60K$. Beware! Criminal penalties may also apply.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
The Form 8938 is due by the Tax Dead Line plus and extension for the Income Tax Return. File this form with your Tax Return.
Penalty: Up To 10K$ for Failure to Disclose and 10K$ for each additional 30 days of Non-Filing after IRS Notice. Potential Maximum Penalty of 60K$. Beware! Criminal penalties may also apply.
For Q & A Contact :
Kash, @ Yajnik & Mehta Associates (925) 963 4891
Linked-In : kyajnik@yajnikandmehta.com
Facebook : kash@yajnikandmehta.com
Twitter : Kash_Yajnik@kash_yajnik
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