I am a trained accountant with a Bachelor of Science and a Master of Business Administration degree with a major in accounting. I do not practice public accounting and enjoy reading Accounting Today and get some educational benefit from reading many of the articles.
In the articles concerning federal income taxes, why does Accounting Today only mention CPAs? When it comes to federal income taxes, I am reasonably sure you would agree that Enrolled Agents are technically and ethically trained.
As evidence of these skills, the U.S. Treasury Department requires a minimum of 72 hours - which must include six hours of ethics - of continuing education for the three-year enrollment period in order to continue as an EA.
As to the comment in the article "Tax credits for college credits" (Feb. 15-March 14, 2010) regarding limited value to the American Opportunity Tax Credit, in my tax practice, many of my clients will receive real benefit from the new American Opportunity Tax Credit.
Personally, I think it is pompous to end the article with a quote from a CPA who stated, "We don't see a lot of our clients being able to take advantage of it."
Arthur Weinstein, MBA, EA
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