becoming an enrolled agent

As audits became more frequent, they moved from mere tax preparations to representing taxpayers before the IRS. The enrolled agents’ commitment to the system includes responding to IRS inquiries promptly and providing accurate advice to their clients per the latest IRS standards and regulations. It is important to begin thinking about your study plan early in the process. Once you sit down with a calendar and cross out all of the days you aren’t able to study, you’ll find yourself with less time to study than you expected.

becoming an enrolled agent

These professionals can speak on clients’ behalf, argue disputes, and make cases to the federal taxation authorities. EAs can handle virtually any situation that may arise in the case of a taxpayer. The EA designation is the highest credential issued by the IRS (technically, the United States Department of the Treasury issues the enrollment card). Enrolled Agents, along with Attorneys and CPAs, are the only tax professionals with unlimited representation rights, meaning they can represent any client on any matter before the IRS.

Internal Revenue Service Special Enrollment Examination

EAs are federally-licensed tax professionals who specialize in tax preparation and have unlimited rights to represent taxpayers before the Internal Revenue Service. An enrolled agent is a federally licensed tax practitioner who has unlimited rights to represent taxpayers before the IRS for any issues relating to https://www.bookstime.com/ collections, audits, or tax appeals. An enrolled agent (EA) is a tax professional authorized by the United States government to represent taxpayers in matters regarding the Internal Revenue Service (IRS). EAs must pass an examination or have sufficient experience as an IRS employee and pass a background check.

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Applicants do not need to hold a particular degree or meet experience requirements. Are you smart, organized, detail-oriented, and always ready to learn? Do you believe in holding to the highest ethical standards possible?

Enrolled Agent (EA) FAQs

Some EAs work primarily with very small limited liability corporations (LLCs) that employ freelance and contract workers. You could also choose to work with partnerships or help people https://www.bookstime.com/articles/how-to-become-an-enrolled-agent structure their estate. Since EAs frequently have greater knowledge of taxation than CPAs, you might partner with CPAs or attorneys whose clients need your specialized skill.

Furthermore (sometimes, for that reason), CPAs charge more for tax services. Everyone needs the aid of a tax expert at some point in their lives, so the demand for EAs is there. And with CPAs placing such a premium on their assistance, EAs appeal to the public with their advanced tax knowledge and reasonable pricing.

How to Become an Enrolled Agent

The entire point of earning the EA is to reap the rewards of the designation. Our mission is to empower readers with the most factual and reliable financial information possible to help them make informed decisions for their individual needs. Finance Strategists is a leading financial literacy non-profit organization priding itself on providing accurate and reliable financial information to millions of readers each year. This team of experts helps Finance Strategists maintain the highest level of accuracy and professionalism possible. On the other hand, CPA examinations have four parts, and each part costs $208.40.

Once you pass all three parts of the exam, you need to complete an online application to apply for enrollment to practice before the IRS. You should receive your enrollment card in about 60 days from the date of your application. The exam isn’t easy, but we help thousands of students just like you pass the exam every year. To receive the enrolled agent license, you must apply for enrollment within 1 year of passing all 3 exam parts.

Confirmed tax expertise

After you’ve passed all three Enrolled Agent exam parts within two years, you’ll need to apply for EA enrollment. Candidates who apply for enrollment must pass a suitability check, including a tax compliance check and background check. EAs who also hold CPA licensure and wish to investigate financial crimes might consider becoming certified in financial forensics (CFF). The American Institute for Certified Public Accountants offers CFF certification to CPAs.

Prometric gives you 15 minutes to schedule your exam before you have to start the process over. When you go to schedule, be sure you have all your information gathered so you can schedule quickly. Also, Prometric won’t allow you to schedule an exam more than 6 months in advance, so you probably shouldn’t plan to schedule all 3 parts at the same time. Make sure you account for the testing window closure during March and April in your plan to earn your Enrolled Agent certification.