Investor Glossary-tax advisorInvestor Glossary-tax advisorInvestor Glossary-tax advisorInvestor Glossary-tax advisorInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Tax Advisor

The HTML to link to this page
 

A tax advisor is a specialist that offers tax expertise and guidance to individuals and businesses. A tax advisor can simply prepare and file taxes for a taxpayer (i.e. tax preparer) or a tax advisor can provide customized advice in complex financial situations to minimize taxes, while complying with tax laws (i.e. maximizing deduction, minimizing estate taxes, etc.). Finally, a tax advisor can represent taxpayers during IRS audits or other tax related disputes. A tax advisor is not required to be licensed by the IRS, but must follow strict IRS standards. Treasury Department Circular 230 details the best practices that must be followed by a tax advisor. Failure to comply can result in penalties and disciplinary actions. Although no licensing or legal certification is required if the tax advisor limits its service to tax preparation, a tax advisor is usually required to hold credentials, such as Certified Public Accountant (CPA), enrolled agent (EA), or tax lawyer. Further, licensing is also required if the tax advisor sells insurance policies, real estate, investments or other financial products.



Rate this Tax Advisor definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: cancelled check, stock split, ex-dividend, class C shares, balance sheet, dividends payable, deferred tax, 401a, average price per share, stock market close, VIX, current ratio, open position, EBITDA, debt service coverage, irrevocable trust, risk management, required rate of return, retained earnings, inflation, covered put, FICO score, diluted share, APR, quality assurance, 144a, in escrow, wholly-owned subsidiary, ex-dividend date, reverse mortgage, labor relations, 1035 exchange, deferred revenue, Key Rate Duration, Zero Cost Collar, 1031 exchange, option premium, phantom income, LIBOR, command economy, limit order, FTSE, minority interest, margin rate, annual return, implied volatility, real GDP, liquidity ratio, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use