
Members of the Indiana Society of Enrolled Agents represent a diversified group of individuals with varied practices, ranging from sole proprietor, employee to franchise owner.
While virtually all of the members offer tax preparation services for individuals and sole proprietors, many prepare corporation (taxable and Sub-chapter S), partnership, LLC, trust, non-profit and estate tax returns as well.
Most members utilize sophisticated tax software programs, and offer electronic filing. Some practices provide tax problem resolution services such as preparing and negotiating an Offer-In-Compromise, installment agreement, or petition for abatement of penalties, and audit representation. Some members have expanded their practices to include investment, financial and insurance product offerings, financial planning, bookkeeping, payroll, and accounting services.
The Indiana Society of Enrolled Agents is the state affiliate of the National Association of Enrolled Agents. Members are required to complete a minimum of 30 hours of continuing education annually in the field of taxation or related matters, which surpasses the minimum Internal Revenue Service requirement.
Enrolled Agents (EAs) are the only federally licensed tax professionals, and are bound by ethical standards contained in Treasury Department Circular 230, the regulations governing practice before the Internal Revenue Service. The Enrolled Agent credential allows the professional the ability to represent taxpayers before all administrative levels of the Internal Revenue Service.
In order to attain the EA credential, the individual must undergo an extensive background investigation and demonstrate technical competency in the field of taxation. He/she must have either passed an extensive examination given by the Internal Revenue Service, or worked for the Agency previously in a capacity involving the application of tax law. As a result of the difficulty in passing the examination or meeting the work criteria, there are fewer than 50,000 EAs nationwide.