Gallagher Financial Services

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Accreditation


Enrolled Agents (EA) are America’s Tax Experts.  An EA has demonstrated competency in matters of taxation in order to earn the EA designation and represent taxpayers before the Internal Revenue Service.  Unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all enrolled agents specialize in taxation.  In addition, EAs are the only taxpayer representatives who receive the right to practice from the U. S. government (CPAs and attorneys are licensed by states).  

 

In the State of Oregon there are two groups of licensed tax preparation professionals aside from CPAs and attorneys; Licensed Tax Consultants (LTC) and Licensed Tax Preparers (LTP).  In general terms licensed tax consultants are essentially a group of highly skilled tax professionals who've developed their craft beyond apprenticeship and have demonstrated through examination both the skills and the knowledge to become a master Oregon tax practitioner. 

For many, LTP is an entry license into the field of personal income tax preparation.  In the beginning LTPs are essentially apprentices.  An LTP must be supervised and supported by a designated LTC in order to grow in experience and expertise.  After achieving a prescribed number of supervised hours LTPs may elect to sit for another increasingly challenging 5 hour exam to become an LTC.  Not all LTPs decide to pursue the mastery licensure in Oregon.  Many experienced LTPs choose to remain at their current licensure and still deliver excellent tax preparation services.

 

Both LTCs and LTPs are required to attend 30 hours of continuing education per year in order to maintain their licenses.  EAs have an annual continuing education requirement of 72 hours over the course of three years.