Accounting, Tax, Mediation, IRS Representation - Orlando, FL

1920 E Robinson Street, Orlando, Florida 32803
Phone: (407) 896-1553 / Fax: (407) 898-1458
Email: LSmith@atipro.com

 

 

Linda D. Smith, Enrolled Agent, FATP, ATA, ABA, CDFA, CFR
Enrolled to Practice before the Internal Revenue Service
Federally Authorized Tax Practitioner


Accredited Tax Advisor, Accredited Business Accountant
Certified Divorce Financial Analyst

"Your Tax and Small Business Accounting Expert"

 

 

 

What is an Enrolled Agent and why should you hire this special Tax Professional?

U.S. tax law is an ever changing set of rules and regulations with varying implications depending on the individual or business tax situation.  Regardless of tax law complexity, YOU as a taxpayer, are ultimately responsible for accurate reporting and payment of your tax obligation.  Things to consider in hiring a tax professional:

  • Enrolled Agent (EA) is the highest credential awarded by the U.S. Department of the Treasury.  Enrolled Agents are unrestricted as to which taxpayer’s they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.
  • Registered Tax Return Preparer (RTRP) have demonstrated competency in the area of individual (1040) income tax returns only.  RTRP’s have limited rights before the Internal Revenue Service and can only represent clients in certain circumstances.

Linda D. Smith is an Enrolled Agent & Federally Authorized Tax Practitioner

  • Education - The requirement for an Enrolled Agent is 30 hours of CPE (continuing professional education) annually.  Linda averages 150 hours of CPE per year.
  • Ethics - In accordance with IRS requirements, Enrolled Agents and Registered Tax Return Preparers must earn at least 2 hours of CPEs in Ethics during each calendar year.
  • Experience - Unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all EAs specialize in taxation and can represent taxpayers from any state.  Linda has over 38 years in taxation study and practice.
  • Enrolled Agents are tax practitioners licensed by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service (IRS).  Like attorneys and certified public accountants (CPAs), EAs and RTRPs are governed by Treasury Circular 230 in their practice before the IRS.

   

Common Mistakes and Consequences of Doing It Yourself

In my many years of service, I have corrected countless accounting and tax reporting errors, and consoled those faced with financial consequences of DIY mistakes.  The do-it-yourself approach may be thought of as more affordable, BUT DIY errors are far more costly than monies saved.  I have witnessed fines and fees so severe, the business was forced to close.  Conversely, I have corrected returns, recovering thousands of dollars for the client, that were previously missed.  Below is a "short-list" of common and costly do-it-yourself mistakes:

  • Sloppy Record Keeping
  • Failing to Pay Reasonable Wages to an S-Corporation Shareholder
  • Misclassification of Workers
  • Paying Personal Expenses with Business Funds
  • Inaccurate Reporting of Payroll (941)
  • Inaccurate Reporting of Sales Taxes
  • Incorrect Allowed Deductions/Credits
  • Missing Due Dates and Filing Requirements
  • Estimating Quarterly Tax Payments
  • Filing Requirements When There is No Income
  • Requirements for Mileage Logs
  • Recording of Corporate Minutes
  • Not Filing Proper Forms
  • Omitting Valid Tax Deductions
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If you've encountered or anticipate any of these situations, CALL ME to see how I can help you!

 

 
Member - Accreditation Council for Accountancy and Taxation Member - National Association of Enrolled Agents Member - The Florida Academy of Professional Mediators
Member - Accreditation Council for Accountancy and Taxation Member - National Association
of Enrolled Agents
Authorized
IRS e-file Provider
Member - The Florida Academy of Professional Mediators

 

ATI Professional Services
1920 E Robinson Street, Orlando, FL 32803
(407) 896-1553  fax: (407) 898-1458

Serving businesses and individuals in the Orlando community since 1982

Serving (but not limited to): Orange County, Seminole County, Volusia County, Brevard County, Lake County, FL

 

 
   

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