EA Initial Enrollment Cycle Overview

Consider Becoming An Enrolled Agent In 2021

For these reasons, you can offer a wide range of services to the public and set yourself apart from your unenrolled peers. If you decide to become an enrolled agent, you will be making a smart career choice that will open new doors and create potentially unlimited opportunities for yourself. You should consider becoming an enrolled agent for several reasons. Part of becoming an enrolled agent means maintaining your EA certification in the future. Another way to become an enrolled agent is by having IRS experience. Past service or technical service with the IRS is considered acceptable. The different parts of the exam can be taken in any order.

  • In fact, they have unlimited rights to represent taxpayers before the IRS.
  • CPA, individuals must complete university studies in accounting, meet practical experience requirements, and pass a four-part Certified Public Accounting exam.
  • Gaining the right to unlimited representation makes you an asset for employers and clients.
  • Completion of the Filing Process – 17 questions5.
  • The EA Exam, officially known as the Special Enrollment Examination , is a three-part exam administered by Prometric on behalf of the Internal Revenue Service.

Most likely, after a long working season, learning is the last thing you want to do. But what if we told you that if you start around this time, you can almost guarantee to earn your enrolled agent credential before next financial season?

No Demanding Requirements

As a result, you can handle any type of tax matter , represent clients before any IRS office, and represent any taxpayer in any state. You don’t ever have to turn away clients because of situations outside your professional clearance level. This exam covers auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. Overall, it usually takes at least eight years to become a certified public accountant due to the necessary requirements. In some states, candidates must also work a certain number of hours under the direction of a CPA prior to being allowed to sit for the exam. Given the current state of the economy, more and more people find themselves needing help with their tax obligations.

  • The student will be required to return all course materials.
  • Learn more about what you can do to support the enrolled agent campaign.
  • This is important because it means you don’t have to rush to pass all parts of the exam before changes take affect.
  • It takes the preparer a short amount of time because they are talented and efficient.
  • There might be some advanced topics thrown into the mix, but if you are 100% confident on fundamentals, you’re going to pass the exam.

An EA is the only individual who has been the right to practice as granted expressly by the United States government. Certified public accountants hold state licenses. This type of license restricts their ability to practice to Consider Becoming An Enrolled Agent In 2021 only the states where they have been licensed. Enrolled agents hold federal licensure, which gives them a much broader jurisdiction. This means that enrolled agents are able to represent taxpayers in any state in the country.

When will registration begin for the new exam?

No, everyone knows that with the IRS’s stamp of approval, enrolled agents are the real tax experts. That’s because, in the process of earning the EA designation, you will increase your tax knowledge and abilities. Then, once you have the credential, you’ll have the credibility that comes with it.

  • If a candidate passes one part of the exam, that score is carried over for up to two years.
  • However, the most common path to this designation is by taking the Enrolled Agent exam .
  • Credit for any part of the exam you’ve already taken remains valid for up to two or three years.
  • Not to mention, you can charge a premium for your services as a tax preparer because your clients will have confidence that their taxes are being prepared by an expert.
  • However, the salary of a CPA will quickly exceed the salary pace of an EA.

Why would you charge an hourly rate for a 1040 form that might take you 15 minutes to complete? Fixed fee or value billing is not about the time you spend on a client’s preparation but instead focuses on the expertise and efficiency you’ve gained as a professional.

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Prometric has hundreds of testing sites around the world. So, if you qualify for the second option, you can skip to the last step of the guide.

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