Majid “Mike” Tavabi

Majid “Mike” Tavabi is an Enrolled Agent and a seasoned accounting, controller and bookkeeping professional. To obtain the distinction of Enrolled Agent, Mike was required to pass a rigorous tax law examination and obtain recognition by the Internal Revenue Service (IRS) to represent his clients. Mike’s tax, accounting and bookkeeping firm is located in Torrance, California.

Experience

Mike has over 25 years of experience preparing taxes in compliance with the United States Tax Code, accurately entering accounting transactions, analyzing accounts, advising clients on accounting and bookkeeping matters, as well as serving as controller to assure that company finances are in order each month. Mike’s clients are diverse with their own set of circumstances, ranging from individuals to large companies and all sorts of entities in between.

Clients Come First

Taking care of his clients is uppermost in Mike’s mind. Making sure that his clients are well-informed and kept up-to-date is a responsibility that Mike takes seriously. Mike stays current with accounting, bookkeeping and tax law issues, even taking classes beyond those that are required to retain his Enrolled Agent status. He uses Generally Accepted Accounting Principles (GAAP) and best practices to assure the integrity and reliability of his clients’ financial statements and transaction records. Mike wants his clients to be in a position to make the best decisions possible to protect their interests. He is a fierce defender of his clients’ interest before the IRS, as well, having saved tens of thousands of dollars on more than one occasion for his clients.

Background

Mike is an active member of the National Society of Tax Professionals (NSTP), a professional and educational body, and Business Networking International (BNI), a global marketing organization founded on building strong business relationships.

His Bachelor of Science in Accountancy was earned at California State University of Long Beach (CSULB), otherwise known as the “Beach.” He is happily married to his loving and caring wife of many years. Also, Mike is a proud father of two very accomplished children and doting grandfather of two extremely bright grandchildren.

Referral Discount

Mike is happy to help new clients, as well. If an individual refers a new client, each will receive a $30 discount on their bill. Referrers of new businesses and organizations also receive discounts depending on the nature of the work. Call the office today to find out more about these great offers.

What Is An Enrolled Agent (EA)?

EA is the professional designation for an Enrolled Agent. After the Civil War, many citizens had problems settling claims with the government for horses and other property confiscated for use in the war effort. After many petitions and much pleading, Congress in 1884 endowed Enrolled Agents with the power of advocacy to prepare claims against the government and to seek equitable justice for the citizenry. For many years, the purpose of the Enrolled Agent was to act in this capacity.

In 1913, when the income tax was passed, the job of the Enrolled Agent was expanded to include claims for monetary relief for citizens whose taxes had become inequitable. As the income tax, estate, gift and other sources of tax collections became more complex, the role of the Enrolled Agent increased to include the preparation of the many tax forms that were required. Additionally, as audits became more prevalent, their role evolved into taxpayer advocacy, negotiating with the Internal Revenue Service on behalf of their clients.

How does someone get to be certified as an EA?

The “Enrolled Agent” credential is not a “certification,” although it is regularly referred to as such by many practitioners, including the NAEA. The IRS has been keen to point this out and note that it is also not a “license.” However, it can be thought of as an “earned credential,” bestowed by the Treasury Department, through the IRS. I say it is “earned,” because it will not be bestowed unless the individual passes a rigorous test of tax law.

The EA test is on tax law, which distinguishes it significantly from the CPA exam which is almost exclusively on accounting and auditing rules and procedures, specifically designed to facilitate the interpretation of financial statements. This financial statement interpretation generally has no relevance to tax law except as to how tax obligations are presented in the financial statement, not how the taxes are calculated.

All candidates are subject to an IRS background check, and are subject to being “disbarred” from practice before the IRS for misdeeds. An EA can also be disbarred for failing to meet their continuing education requirements.