Meet Matthew Cooling, EA

A recent transplant to Orange County, Matthew has been involved in the tax industry for more than five years. He began his career as a partnership and LLC auditor with the Franchise Tax Board, later moving into the legislative area, analyzing income and franchise tax laws and proposed laws that would affect the taxpayers of California.

After a brief break in taxes to work in financial accounting, Matthew moved back into taxes, working for Spidell Publishing, California’s leading source of tax information. Shortly thereafter, Matthew obtained his license as an Enrolled Agent and opened Cool Tax Services.  Cool Tax Services is now merged into the Action Tax family to provide professional tax services to Orange County.

 

What is an enrolled agent?

An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards.

Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years. These standards and continuing education guidelines are governed by US Treasury Department Circular 230 (PDF).