Welcome to Tax Specialists Of Northern Colorado LLC
The Tax Specialists of Northern Colorado, LLC, is a year-round income tax preparation business serving all of northern Colorado including Loveland, Fort Collins and surrounding cities.
We have eleven income tax preparers, four of whom are Enrolled Agents (E.A.). The E.A. title means that the preparer has passed an exam that registers him or her to practice before the IRS. If you get audited, we can represent you at the audit.
We have over 125 combined years of experience preparing individual income taxes as well as small business tax returns. We provide services for self-employed taxpayers, families, homeowners, students, and are experienced with investment income tax issues, Subchapter-S Corporations, partnerships and estates.
What does the term “Enrolled Agent” mean?
An enrolled agent is a person who has earned the privilege of
representing taxpayers before the Internal Revenue Service by either
passing a three-part comprehensive IRS test covering individual and
business tax returns, or through experience as a former IRS employee. Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department.
What about EAs?
Enrolled agents, like attorneys and certified public accountants (CPAs),
have unlimited practice rights. This means they are unrestricted as to
which taxpayers they can represent, what types of tax matters they can
handle, and which IRS offices they can represent clients before.
There are two paths to becoming an EA. After working for the IRS for five years, an agent can become an EA without passing an examination. Without working for the IRS, one must pass a thorough background check and a three part exam. To become an EA, an agent does not have to have any prior knowledge of tax form preparation. In fact, an EA may choose to never prepare a tax return. Enrolled agents specialize in their knowledge of the tax code and tax matters. An EA must know all of the ins and outs of income tax, gift tax, inheritance tax, estate tax, and payroll tax. The continuing professional education required for an EA is seventy-two hours every three years. Unlike a CPA whose continuing education will cover a wide range of accounting and tax matters, an EAs education will focus solely on taxation and tax ethics.
The examinations required for an EA are:
- Part 1 – Individual (100 questions exclusively on the tax code for individuals)
- Part 2 – Business (100 questions exclusively on the tax code for business entities)
- Part 3 – Representation, Practice and Procedures (100 questions primarily on Circular 230, the Treasury Department guide for practicing before the IRS.)
When Enrolled Agents take their required continuing professional education (CPE), which consists of 72 hours every three years (more if they are NAEA members), it must be 100% in taxation and the ethics of taxation.
In other words, Enrolled Agents are the nation’s only solely dedicated tax professionals. Learn
more about enrolled agents in Treasury Department Circular 230 (PDF).
Be wise. Seek tax advice from a tax professional and accounting help from an accountant.
“I have been going to this location for years. The preparers are very knowledgeable and really understood what I needed. This is a local business that goes to bat for their clients every time!”
- by Loveland Native (01/03/2012)
Tax Specialists Of Northern Colorado LLC
383 W 37th St #101
Loveland, CO 80538
Phone: (970) 667-8300
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