Tax Preparation

Electronic Return Originator (ERO)
An Electronic Return Originator (ERO) is a tax professional or entity authorized by the IRS to prepare and file tax returns electronically on behalf of taxpayers.
Enrolled Agent (EA)
An enrolled agent (EA) is a tax advisor who is authorized to represent taxpayers before the IRS. EAs have demonstrated their competence in tax matters by passing a rigorous examination or through significant professional experience with the IRS.
Enrolled Agents
Enrolled Agents (EAs) in the United States are individuals recognized by the Treasury Department as credentialed tax professionals who are authorized to represent taxpayers before the Internal Revenue Service (IRS).
Tax Accountant
A tax accountant is a professional specializing in preparing, filing, and managing tax returns for individuals and businesses, ensuring compliance with tax laws and maximizing tax efficiency.
Tax Accounting: An Overview
Tax accounting is an accounting specialization focusing on tax preparation, compliance, and planning. It involves the application of accounting principles to adhere to tax laws and accurately report tax-related information.
Tax Return Preparer
A professional who is compensated for preparing, assisting in preparing, or reviewing tax returns. They must sign the tax returns they handle.
Tax Software
Software that helps taxpayers plan for and prepare their tax returns. Programs such as TurboTax and TaxCut help taxpayers analyze their tax situation and take actions to minimize tax liability.
Volunteer Income Tax Assistance (VITA)
An organization of unpaid individuals who help others prepare their tax returns. Principally assisted are elderly, disabled, and non-English-speaking taxpayers.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.