Due Diligence – Selecting Tax Professionals
As we enter the fourth quarter, many of us begin to focus on taxes, and some may revisit the question of selecting a Tax Advisor. There is a tremendous amount of misinformation, and outright FRAUD out there concerning the credentials, education and experience of advisors. Some would have you believe that software could take a bookkeeper and give them the education and experience of a CPA…HOGWASH!!
The NAEA [National Association of Enrolled Agents] would rather commit overt fraud and outright lie to you by stating that Enrolled Agents Are America’s Tax Experts. They know better, yet the lying continues. Rather than ramble for paragraphs, I get to reuse a goody from a year ago.
We should be a bit careful and indicate that there are some Enrolled Agents that do have the accounting education and experience, and some may also be CPA’s. However, the education and education “HOLE” hasn’t been plugged. It could be plugged without any undue burden to the Enrolled Agents that meet the IRS criteria to be Revenue Agents, and here is how.
There is absolutely no reason for anyone that is properly qualified to object to the change. All it does is put Enrolled Agents on parity for education and experience requirements with certified public accountants and attorneys.
We think that some clarity in the midst of all of the blather and prattle about Trusted Advisors and Experts is sorely needed.