Being an Enrolled Agent may be advantageous for those who assist their clients with their tax obligations (EAs). EAs have access to resources that other tax preparers do not. In the event of a disagreement, these experts may represent their clients and make their case to the federal tax authorities on their behalf. Any circumstance that a taxpayer may face may be handled by an EA.
Discover the benefits of earning your EA certificate for tax preparers and accountants. This includes how to become an EA and prepare for the EA examination.
Why Get an Enrolled Agent License?
Credentials such as the Enrolled Agent certification may help you get a new job, expand your horizons, and attract new clients. There is a sense of security that comes with holding an EA licence for accountants and tax preparers alike.
- Possibility of Financial Gain – EAs may perform a wide range of duties related to tax preparation for their clients. These experts can defend tax law, discuss audits with the IRS, negotiate with the IRS department, and file appeals. As a result, EAs find themselves in a position to make a lot of money since hardly everyone can supply these services.
- National credentials – The Treasury Department awards the EA credential, which is a government certification. This gives you the freedom to work anywhere you choose in the US. As an alternative, a CPA’s licence is state-specific, with certain limitations. They know registered agents can work in other states.
- Securing a job – Legal and accounting firms as well as tax preparation companies and other businesses hire EAs regularly. As the tax law changes often, enrolled agents have an increased level of employment stability.
What Are the Enrolled Agent Requirements?
Candidates are not required to have a certain degree or level of experience. A PTIN must be obtained by EA candidates before they may sit for the certification test. Aside from that, they’ll have to fill out IRS forms and have their backgrounds checked.
There are no state-specific criteria for an EA licence since it is recognised by the federal government. Current tax preparers and accountants may be well-prepared to pass the qualifying test and become enrolled agents.
Requirements in terms of Education
To become an enrolled agent, you do not need any special training or instruction from the IRS. Three-part tests and background checks are required for applicants. A degree in accounting may help aspiring executive assistants stand out from their counterparts in the field. Candidates having a bachelor’s or master’s degree in accounting or taxes may enhance their skills and knowledge further.
Requirements for the Profession
- You may get a PTIN by contacting the IRS.
- Make an appointment to take the EA course online and test and pass it. Candidates may next use the IRS website to apply for enrolment.
- Perform a criminal history check. Income tax and criminal records are taken into consideration in background investigations.
If you wish to know more about the EA course online, connect with our accounting professionals, here!