About Us
President and Founder
Troy Erwin, EA, AWMA, CRPC® – is CEO and Chief Strategist of Thrive Wise Tax. And President of Thrive Wise Advisors LLC, a Registered Investment Advisory (RIA) firm. Thrive Wise Tax Advisors based in the Las Vegas, Nevada area has been recognized as one of the first national tax firms dedicated to helping physicians and their families reduce their tax liability and maximize their financial potential through a proactive approach to strategic wealth, real estate, and tax planning.
Troy has an extensive and diverse 23 year career in the financial services, real estate development and taxation industries. Troy has held numerous securities and tax license over the last two decades. After graduating with a degree in Economics, Troy began his career as an investment advisor with American Express Financial Advisors. Later, he would advance his career as a financial advisor with a prominent
Today, Troy works with individuals and families from around the country. Troy strives to treat each client as an individual rather than as a number. Troy takes an educational and consultative approach to provide sound, easy to understand tax and planning advice. He incorporates the principles of current tax law and modern finance as well as academic and professional research to help guide his clients through the often complex and
We are Enrolled Agents
What is an Enrolled Agent (EA)?
Enrolled Agents (EAs) are America’s Tax Experts®. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS.
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,
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.
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Phone: (702) 805-2006
Fax: (702) 897-4988
Email:
info@thrivewisetax.com