Technical topics regarding tax preparation.
4-Dec-2019 7:05pm
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A colleague and I got into an argument and I need some help.
Can an EA be set up as an S corp in California?
13401. As used in this part:
(a) “Professional services” means any type of professional services that may be lawfully rendered only pursuant to a license, certification, or registration authorized by the Business and Professions Code, the Chiropractic Act, or the Osteopathic Act.
An Enrolled Agent is a federal license not a state license. You can prepare taxes without a State license correct?
Thanks, I do not prepare corporate returns but try and keep up on the rules.
4-Dec-2019 11:20pm
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Those with a license cannot be set up as an LLC in CA. S-Corps are fine.
5-Dec-2019 7:58am
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You'll have to set up a PSC, professional service corporation, then elect S status. In CA you cannot prepare taxes without being an EA or CPA. If you're not an EA or CPA you need to be registered with CTEC. CA is one of the few states where a license is required to prepare taxes.
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