About us

Elvidge Tax Service, LLC – Over 50 Years of Excellence in Newton, NJ

At Elvidge Tax Service, we have a lifetime of tax preparation experience; the practice has continued to upgrade technology with the use of sophisticated tax software programs capable of preparing all types of federal returns and the many accompanying forms. The practice can prepare state returns for any of the 50 states and file all returns electronically. However, we are not only a text service company, we also offer a full line of accounting and business services to off out clients year-round support.  You can view our full list of services here.

*WHO ARE ENROLLED AGENTS

Enrolled Agents (EAs) are federally-licensed tax practitioners who may represent taxpayers before the IRS when it comes to collections, audits and appeals. They have earned this privilege of representing taxpayers before the Internal Revenue Service by passing a comprehensive three-part examination covering individual and business tax returns. As authorized by the Department of Treasury’s Circular 230 regulations, EAs are granted unlimited practice rights to represent taxpayers before IRS and are authorized to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled agents are the only federally-licensed tax practitioners who specialize in taxation and have unlimited rights to represent taxpayers before the IRS.

CONTINUING EDUCATION

In addition to the stringent testing and application process, the IRS requires enrolled agents to complete 72 hours of continuing education every trhree years in order to maintain their active enrolled agent license and practice rights. Additionally, NAEA members must complete 30 hours of IRS-approved continuing education each year (which would lead to a total of 90 hours for each three-year EA enrollment cycle period).

THE DIFFERENCES BETWEEN ENROLLED AGENTS AND OTHER TAX PROFESSIONALS.

Only enrolled agents are required to demonstrate to the IRS their competence in all areas of taxation, representation and ethics before they are awarded unlimited representation rights to represent taxpayers before the IRS. Unlike attorneys and CPA’s who are licensed and who may or may not choose to specialize in taxes, all enrolled agents specialize in taxation.

ETHICAL STANDARDS

Enrolled agents are required to abide by the provisions of the Department of the Treasury’s Circular 230, which provides the regulation governing the practice of enrolled agents before the IRS. NAEA members are also bound by a Code of Ethics and Rules of Professional Conduct of the Association.

STATISTICS

Because of the expertise necessary to become an enrolled agent and the requirements to maintain the license, there are only about 56,383 practicing enrolled agents. In 2018 the number of individuals with Federal current tax identification numbers is 782,552. 7.2 % are Enrolled Agents. 3.9% are Attorneys and 27.7% are Certified Public Accountants.