or some, tax time can be a complicated mess. If you just have one job, no kids, it’s relatively easy. But for us, with a large family and self-employed, it can get quite confusing. What can we deduct? Do we just dump a shoebox of receipts on our tax preparer’s desk? What do we keep track of each week and month? We definitely need the guidance of an enrolled agent cpe who understands the ins and outs of a small home business.
Our tax guy has done our taxes for well over a dozen years. We don’t take any risks with trying to figure it out ourselves. There are continually new ea cpe requirements. Agents are required to have 72 hours of continued education over a 3-year enrollment cycle and afterwards along with at least 16 hours each year, to maintain their cpe requirements. Of these 16 hours at least 2 hours must include training for agent ethics or professional conduct education. These programs must meet specific criteria and a qualified sponsor must run all CPE courses. The teacher’s background, experience, education and training has to be in accordance with what he/she is teaching and they are required to provide a written outline, textbook or approved electronic education. Some on-line courses are also accepted. However, students attendance is required and must be kept track of.
It is good to know that someone who is certified to do our taxes has to be well qualified and trained.