How Many Enrolled Agents Are There? I Pass the Enrolled Agent Exam!
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Founded in 1972, this community of tax practitioners serves more than 10,000 professionals. The association’s site offers extensive information on becoming an enrolled agent, plus tips for passing the SEE. The NAEA also provides continuing education opportunities and career development resources. Explore why tax preparers and accountants might consider pursuing the EA credential in this guide. We also cover how to become an enrolled agent and prepare for the EA exam. To gain EA credentials, individuals must meet a series of requirements.
An enrolled agent is a tax professional that has been approved to represent taxpayers in matters that involve the IRS. If you want to become an enrolled agent you’ll have to pass an exam or pass the experience rule. An enrolled agent doesn’t just provide services related to dealing with IRS issues but also typically works with clients on tax planning and preparation. Tax professionals who obtain this elite status must adhere to ethical standards. They also have to complete 72 hours of continuing education courses every three years.
How many people take the enrolled agent exam?
We recommend sitting for Part 1 or 2 first because some of the content tested in Part 3 builds off of content tested in Parts 1 and 2. Take a look at the topics tested on Parts 1 and 2 and decide which topics you feel more comfortable with. Sit for Parts 1 and 2 in order of your familiarity level and then take Part 3 last. Testing according to these considerations will help you master the topics so you can pass each part on your first try and become an EA faster. The 100 multiple-choice questions that make up each exam include 15 experimental questions.
Tax law firms will benefit from having an EA on staff who can represent clients before the IRS (for example, if the client was audited). An EA can handle any IRS-related notices received on the client’s behalf. They can work with corporations, individuals, trusts, non-profits, or a variety of other entities.
How Can You Prepare for the Enrolled Agent Exam?
The IRS is the definitive source of information regarding the SEE, becoming an EA, and the EA retirement program. Aspiring enrolled agents can discover the latest news Running Law Firm Bookkeeping: Consider the Industry Specifics in the Detailed Guide affecting their profession and stay up to date with certification requirements. To register for the EA license exam, candidates must first create a Prometric account.
In 1913, when the 16th Amendment was passed, EA duties expanded to include tax preparation and resolving taxpayer disputes with the IRS. In 1972, a group of enrolled agents collaborated to form the NAEA to represent the interests of EAs and increase the professional development of its members. EAs are valuable to firms because they can practice in all 50 states and prepare taxes for international clients filing in the US, and a massive number of international companies have a US presence. At TaxCure, we have created a unique search to find enrolled agents that help with tax problems. Not only can you search for enrolled agents, but you can search for CPAs and tax attorneys as well.