About us
Robert Franklin earned a BA degree in accounting from the University of South Florida and is a federally licensed EA (Enrolled Agent). He is a member of the National Association of Enrolled Agents, the Florida Society of Enrolled Agents and the Suncoast Chapter of the FSEA. He is also a Certified Quick Books ProAdvisor.
How can Robert Franklin, EA of Franklin’s Accounting and Tax Service help you?
As an enrolled agent, Robert can advise, represent and prepare tax returns of individuals, partnerships, corporations, estates, trusts and any other entity with tax reporting requirements. His expertise in the continually changing field of taxation enables him to effectively represent taxpayers audited by the IRS.
While some enrolled agents work only during tax season, Robert has a year round practice. In addition to tax preparation and tax representation, he offers other business services which include:
· Bookkeeping
· Financial planning or
budgeting
· Payroll services
· Financial statement
preparation
· Quick Books
consulting
What is an enrolled agent?
Enrolled agents (EAs) are America’s tax experts. EAs are the only federally-licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the Internal Revenue Service.
What are the differences between enrolled agents and other tax preparers?
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a stringent and comprehensive examination covering individual and business tax returns and representation of clients before the IRS or through experience as a former IRS employee.
Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards. Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can... show more
represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. But unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all enrolled agents specialize in taxation. CPAs and attorneys are licensed by the states, but enrolled agents are federally licensed. That means they are not limited to practicing in states from which they have received a license; they can practice anywhere in the United States.
Are enrolled agents required to take continuing professional education?
In addition to the stringent testing and application process, the IRS requires enrolled agents to complete 72 hours of continuing education every three years to maintain their licenses. The National Association of Enrolled Agents (NAEA) raises the bar even further – its members are required to complete at least 90 hours in a three-year period.
Are there really that many tax changes each year that might affect me?
Yes. Every year there are numerous changes to the tax laws and tax code.
IRS Code sections now number from 1 to over 9,899 and encompass more than 72,500 pages. Frequently, provisions are added while others expire. Some are indexed for inflation, so they change as well. Some are effective at the beginning of the year while others become effective on the date a particular bill or law is signed. Because the tax code is always changing, enrolled agents take continuing education courses each year to keep up with the changes and also have research tools at their disposal to monitor updates. Most taxpayers do not have the time or the research tools to read the volumes of material that are added to or deleted from the tax code each year.
What are the key points to remember when hiring a tax professional?
Your tax needs are best served by an enrolled agent. However, no matter who you hire there are certain things to keep in mind:
• Always use a qualified professional to prepare your return.
• Preparers should always sign the returns and include their Preparer Tax Identification Numbers (PTINs).
• Beware of preparers who encourage you to lie or otherwise modify your information in order to get a bigger refund.
• The taxpayer is responsible for what’s on a tax return. Reputable preparers will ask to see receipts and will ask multiple questions to determine whether expenses, deductions and other items qualify. By doing so, they are trying to help their clients avoid penalties, interest or additional taxes that could result from an IRS examination.
It is important to choose a tax professional, such as an enrolled agent, who keeps up with the rules and
regulations and uses this expertise to do the best job possible for every taxpayer.
Franklin’s Accounting and Tax Service is ready to serve you!
Robert Franklin, EA
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