Durkin Associates is a tax preparation and representation practice owned by Theresa Durkin, EA, MBA. Who are Enrolled Agents (EA)? Enrolled Agents (EA) are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS. Enrolled Agents are America's Tax Experts.
Visit our Services page to learn more about the tax preparation and representation services we offer to individuals and small businesses. Use the Financial Calculators to assist you in budgeting, financial planning, or determining loan payments. Review up to date tax news in the Newsletter section.
Visit our Services page to learn more about the tax preparation and representation services we offer to individuals and small businesses. Use the Financial Calculators to assist you in budgeting, financial planning, or determining loan payments. Review up to date tax news in the Newsletter section.
Services
Small business tax return preparation and trust and estate tax return preparation are core services offered to our clients. Our small business work focuses on sole proprietors and limited liability Schedule C businesses. Tax planning and tax forecasting services for individual and small business clients is a core competency of the firm.
An audit is a review or examination of a taxpayer's tax return to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax paid is correct. There are three types of audits: correspondence, field, and office. A correspondence audit is the most common audit and handled through the mail with IRS letters.
Tax planning and tax forecasting services for individual and small business clients is a core competency of the firm. Effective tax minimization begins with long-term tax strategizing to establish overall objectives and is maintained with conscientious and consistent annual tax forecasting and mid-year tax planning.
Trust and estate tax returns (Form 1041) are core services offered to our clients. Our trust work focuses on grantor or irrevocable trusts that require a separate tax return (Form 1041) to be filed apart from the individual (From 1040) tax return. Typically revocable trusts do not require separate tax return reporting while the taxpayer is alive.
The IRS announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2019-44 (PDF) provides details about these annual adjustments. The tax law change covered in the revenue procedure was added by the Taxpayer First Act of 2019, which increased the failure to file penalty to $330 for returns due after the end of 2019.
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