OUR SERVICES:
Florentino & Associates is a full-service accounting firm located in Jersey City, NJ and a satellite office in Bronx, New York. We can provide you with assistance in all your tax, financial, and business needs. With our experience and expertise, you can depend and count on us.

At Florentino & Associates, we are Tax Preparer and Enrolled Agent. Enrolled agents advise, represent and prepare tax returns for individuals, partnerships, corporations, estates, trusts and any other entity with tax-reporting requirements. Our firm is open year-round to meet your needs. In addition to tax preparation and tax representation, we offer other business related services which include:

  • Accounting and bookkeeping
  • Financial planning or budgeting
  • Payroll services
  • Business Consulting/Formation
  • Financial statement preparation
  • Mortgage assistance
  • Real Estate
  • Notary Public

You can count on us for professional, timely and reliable services year-round.  And our commitment to personal service keeps our clients coming back.  Learn more about our services, such as accounting, audit, review and compilation, business valuation, business consulting, tax preparation and planning, payroll and dealing with IRS tax problems, by browsing through our site.

If you have questions or would like to make an appointment, please contact us via info@florentinoassociates.com or by phone at (201) 435-9950. We look forward helping you achieve your financial goals.

PLEDGE OF CONFIDENTIALITY – At Florentino & Associates, we maintain a strict confidentiality concerning our clients’ affairs. We strictly adhere to the Privacy Act: GRAMM-LEACH-BLILEY ACT, therefore, rest assure that no one will learn about your business or tax status – even the relatives, associates or friends who might have referred you to us unless you sign a waiver.
 

 
FAQ:

What is an Enrolled Agent?
An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.

What does the term “Enrolled Agent” mean?

“Enrolled” means to be licensed to practice by the federal government, and “Agent” means authorized to appear in the place of the taxpayer at the IRS. Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department.

How does one become an Enrolled Agent?

The license is earned in one of two ways, by passing a comprehensive examination which covers all aspects of the tax code, or having worked at the IRS for five years in a position which regularly interpreted and applied the tax code and its regulations. All candidates are subjected to a rigorous background check conducted by the IRS.

How can Enrolled Agent help me?

Enrolled Agents advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled Agents' expertise in the continually changing field of taxation enables them to effectively represent taxpayers audited by the IRS.

Privilege and the Enrolled Agent

The IRS Restructuring and Reform Act of 1998 allow federally authorized practitioners (those bound by the Department of Treasury's Circular 230 regulations) a limited client privilege. This privilege allows confidentiality between the taxpayer and the Enrolled Agent under certain conditions. The privilege applies to situations in which the taxpayer is being represented in cases involving audits and collection matters. It is not applicable to the preparation and filing of a tax return. This privilege does not apply to state tax matters, although a number of states have an accountant-client privilege.

Are Enrolled Agents required to take continuing professional education?

In addition to the stringent testing and application process, the IRS requires Enrolled Agents to complete 72 hours of continuing professional education, reported every three years, to maintain their Enrolled Agent status. NAEA members are obligated to complete 90 hours per three year reporting period. Because of the knowledge necessary to become an Enrolled Agent and the requirements to maintain the license, there are only about 46,000 practicing Enrolled Agents.

What are the differences between Enrolled Agents and other tax professionals?

Only Enrolled Agents are required to demonstrate to the IRS their competence in matters of taxation before they may represent a taxpayer before the IRS. Unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all Enrolled Agents specialize in taxation. Enrolled Agents are the only taxpayer representatives who receive their right to practice from the U.S. government (CPAs and attorneys are licensed by the states).

Are Enrolled Agents bound by any ethical standards?

Enrolled Agents are required to abide by the provisions of the Department of Treasury's Circular 230, which provides the regulations governing the practice of Enrolled Agents before the IRS. NAEA members are also bound by a Code of Ethics and Rules of Professional Conduct of the Association.

Why should I choose an Enrolled Agent who is a member of the National Association of Enrolled Agents (NAEA)?

The principal concern of the National Association of Enrolled Agents and its members is honest, intelligent and ethical representation of the financial position of taxpayers before the governmental agencies. Members of NAEA must fulfill continuing professional education requirements that exceed the IRS' required minimum. In addition, NAEA members adhere to a stringent Code of Ethics and Rules of Professional Conduct of the Association, as well as the Treasury Department's Circular 230 regulations. NAEA members belong to a strong network of experienced, well-trained tax professionals who effectively represent their clients and work to make the tax code fair and reasonably enforced..

How can I find an Enrolled Agent?

The easiest and fastest way to locate an Enrolled Agent in your area is to visit www.naea.org. The 'Find an EA' function located on the home page will allow you to search instantly by locality or specialty. You can also call 800-424-4339, the EA referral service. This is an unattended service, but you can request to receive your response by email, fax or mail and all calls are answered within 2 business days. You might also want to check in your local yellow pages under 'Tax Preparation', and look for the phrase 'Enrolled Agent, Enrolled to Represent Taxpayers before the IRS' or the 'EA" credential following the professional's name.

 

  REFERRALS ARE WELCOME:
Referrals are the cornerstone of any service business. At Florentino & Associates, we rely on our satisfied clients as the primary source of new business, and your referrals are both welcome and are greatly appreciated!

Absolute Confidentiality

Since your referrals are generally individuals you are well acquainted with, you may have some concern that your business matters will be discussed with the new clients that you refer. At Florentino & Associates, we guarantee the confidentiality of our client information.

An Expression of Confidence

When you refer clients to us, you are expressing your faith and confidence in the services that we offer and will continue to provide to you. You may have business associates who need professional tax assistance or family and friends who struggle to do their own taxes every year. No matter who you refer, rest assured that their individual tax needs will be handled in the same professional manner as yours have been.
 
 
 © 2012 Florentino & Associates 545 West Side Avenue, Jersey City, New Jersey 07304 | T: 201-435-9950