Catholic Charities Teaches Financial Literacy

Doonan Tax Services was originally founded in 1981 by William Doonan, Esq. The company has recently expanded to reestablish its facilities in the Bronx, New York. The staff at Doonan Tax Services is devoted to giving back to the community through charitable acts. Every tax season, the company donates to Catholic Charities of America. 

Catholic Charities of America is one of the biggest charities in the United States. Forbes Magazine named the organization number nine on its Top 100 Largest U.S. Charities list in 2016. Catholic Charities strives to improve the community through a variety of social, legal, and economic programs. 

The Catholic Charities Social Enterprise Initiative teaches participants about financial literacy and freedom. In entrepreneurship courses, participants learn about self-employment options, startup business strategies, and saving plans. The program seeks to encourage individuals to build up and sustain their own communities, ultimately resulting in self-sufficiency. The Social Enterprise Initiative launched over 50 businesses in 2016. Over the course of 10 years, the program has generated 424 new businesses.

The Role of an Enrolled Agent

Based in Bronx, New York, Doonan Tax Services serves clients throughout the tri-state area, in addition to other states such as Texas and California, through its mail-in service. Many of the tax professionals at Doonan Tax Services are enrolled agents and often respond to IRS correspondence on behalf of clients.

An enrolled agent is a person recognized by the Internal Revenue Service (IRS) as having unlimited practice rights, meaning there are no restrictions as to which taxpayer they’re able to represent, which tax issues they handle, or which IRS office they represent clients in front of. The highest credential awarded by the IRS, individuals who achieve enrolled agent status have done so by either passing a comprehensive test on both business and individual tax returns or through experience gained as an IRS employee.

Dating back to 1884, enrolled agents have been the only federally licensed tax professionals who specialize in taxation. Enrolled agents are bound by IRS regulations, including a code of conduct and ethics, and are required to complete continuing education requirements to maintain their status.