About Us

Lucious F. McDonald, Owner

I have been in the income tax profession since 1998, preparing individual income taxes on my own in New York City. In 2000, I have started my company which mainly provided income tax preparation services to other accounting firms in Clark, New Jersey. I have opened my own location in Pocono Summit, PA and expanding my services by providing financial planning, retirement planning and college planning for families. I currently help local clients from Long Pond, Tobyhanna, Cresco, Stroudsburg, East Stroudsburg, The Poconos to New Jersey and New York. To provide my clients with outstanding tax service, I plan on sitting for the EA (Enrolled Agent) exam to be able to represent clients before the IRS. I have the ability to serve my clients fully ranging from income tax, life insurance, mortgages, IRAs, 401(K) to IRA rollover, mutual funds and annuities. If you have any questions concerning any services I offer, please feel free to call and schedule an appointment, or send an me an email. Thank you for visiting my site.

Licenses/Designations
Producer's License (Insurance Agent): NJ and PA
Series 6 (Investment Company Products/Variable Life Contracts Representative): NJ and PA
Series 63 (Uniform Securities Agent State Law): NJ and PA
Series 65 (The Uniform Investment Adviser Law) - In Progress
Enrolled Agent - In Progress

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.