How Can You Become An Enrolled Agent?
An enrolled
agent (EA) is a person who has earned the Right of representing taxpayers
before the Internal Revenue Service (IRS) by further passing a three-part
comprehensive IRS test covering individual or business tax returns, or with experience
as an IRS employee.
How Can You Become An Enrolled Agent?
The IRS does not need any specific educational background to become an enrolled agent. A graduate who has basic accounting knowledge is eligible to apply for the exam but an applicant has to pass all sections of the three-part exam and undergo a background check. This can happen in further of the two ways mentioned below:
Clear the 3-part IRS Exam:
Part 1 -
Individuals
Part 2 -
Businesses
Part 3 -
Representation, Practices, and
Procedures
IRS Experience:
Candidates
must hold work experience at the IRS for continuous five years in a position
that regularly engages in applying and interpreting the provisions of the
Internal Revenue Code and the regulations.
Individuals who are searching for a new
career path may find that becoming an enrolled agent is a good choice.
Providing excellent job security and the opportunity to have authority
throughout the United States, the position of an enrolled agent can provide a
good salary along with a rewarding career.
Candidates
who already hold undergraduate degrees may raise their skills and knowledge
with a certificate in accounting or a master’s in taxation.
Enrolled Agent Tasks: What EA Do?
1. Guide management's tax decisions by examining
and discussing tax consequences of various financial options, and recommend an
optimal course of action.
2. Remit tax payments by requesting
disbursements.
3. Prepare federal, state, and local
tax returns by collecting, analyzing, and formatting financial information.
4. Recommend strategies to minimize tax
liability by studying tax regulations, and searching out and evaluating tax
options.
5. Determine the impact of management's
tax decisions by computing taxes.
If You Need
Enrolled Agent Services So, you can go with IRS Enrolled Agent Search. They are experts in this field.
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