90. Who can do your taxes and how much should it cost? with Steve Nay, EA

21/01/2025 36 min Temporada 1 Episodio 90
90. Who can do your taxes and how much should it cost? with Steve Nay, EA

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Episode Synopsis

Get my Monthly Newsletter here In this episode, Erica is joined by Steve Nay, a tax professional and enrolled agent, to discuss the various credentials in the tax profession including CPAs, EAs, and the Annual Filing Season Program (AFSP). The also discuss how much a tax return should cost, as well as the potential ramifications of converting to an S-corp.   (00:00) Introduction to the Podcast (00:43) Meet the Guest: Steve Ney (02:01) Understanding Tax Accreditations (03:57) Differences Between CPA and EA (06:58) Tax Representation and Audits (11:11) Finding the Right Tax Preparer (16:44) Annual Filing Season Participant (AFSP) (18:07) Annual Filing Season Program Overview (19:31) Credentials and Representation Rights (21:28) Cost of Tax Preparation (22:47) S Corp Election and Its Implications (28:02) DIY Tax Preparation: Risks and Recommendations (30:55) Choosing the Right Tax Preparer (35:28) Contact Information   ____________________ Resources Referenced: IRS Search for Tax Return Preparers | https://irs.treasury.gov/rpo/rpo.jsf ____________________ Connect with Steve | LinkedIn | Website Connect with Erica | LinkedIn | Website | Newsletter