When preparing for the Registered Agent exam, one of the decisions you have to make is in what order you would take the exam. The exam sections are not taken in any order, so it can be difficult to decide, and it can even be more difficult to know what to do if you have to choose one.
Don’t worry, we have got you covered. Here are the leading enrolled agent training institute in Hyderabad-iLead’s recommendations for taking the exam (we recommend them all, of course), but it is important to consider the exam curriculum and what is best for your personal experience. You can see a breakdown of each exam section and the content of the topics you will see in the following exam sections.
Usually, Special Enrolled Agent Exam consists of 3 parts:
- Representation, Practices, & Procedures
We suggest starting with Part 1, as it is based on individual tax returns and relates to the work you have done as a tax preparer.
Part 3—Representation, Practices, & Procedures
As soon as you have passed the first part, we recommend that you start studying for the third part. On the basis of Circular 230, which regulates and documents the enemies and ethical behavior of tax preparers, you have some knowledge that needs to be fine-tuned.
We propose that you serve this part last, as it is the most time-consuming and, according to reports, the most difficult section. Part two of the EA audit focuses on corporate taxation and complicated individual tax returns.
The test consists of three parts, and they are not equally difficult. In fact, part two takes up about 50% of the study time and requires even more. If you go through the simpler and less time-consuming sections in this way, you will have more time to concentrate and less worry about blending into other exams.
You can try our Enrolled agent exam prep and stay-up-to-date on all the latest updates about US taxation course, and know how we are continually improving our course ciriculum to help accounting aspirants to excel in SEE exam and advance your careers in taxation.
Opportunities for Enrolled Agents At Big 4!
The big 4 accounting companies employ registered EAs in multiple functions. They seem to recognize the value of a CPA and use registered agents to be better positioned to take advantage of the strengths of the EA designation.
Registered agents have a few advantages that apply to all audit firms, and the big 4 audit firms are not exempt from these advantages. Enrolled agents are:
- Tax specialists
- Can practice US tax in all 50 states
- Carry the same authorization to practice as a tax attorney or CPA.
- Can also prepare taxes for international clients.
In addition to these considerations, registered agents offer significant value to accounting firms outside the Big Four. Compared to a CPA, appointing a registered agent is cheaper and quicker, and does not have the CPA’s steep training and experience requirements. Preparation of taxes for international clients who file in the U.S.
It is true that the CPA earns more than the trade-in registered agents, but the EAs require lower costs to obtain them. EAs do not have the same state and court requirements, which reduces the regulatory burden on CPA companies. In short, hiring EAs in tax-focused positions enables companies to save money.
What job opportunities do enrolled agents have at the Big 4?
The Big 4 can hire agents for a variety of positions.
- Tax manager
- International tax manager
- Tax specialists
- Senior associates in tax service divisions
Many of these positions require training that goes beyond the requirements set by the IRS, even if they do not require accounting or tax clearance. This makes Enrolled Agent an excellent name for a career professional, not only because of the high-level accounting courses required by the IRS but also because it provides excellent professional experience.
Advance your career as an Enrolled agent
As an Enrolled Agent enjoy:
- Higher earning potential
- More career opportunities
- Increased recognition
For every agent enrolled in the Big 4, there is a job. Admission to the tax specialists shows that you are motivated to obtain the title of a tax specialist. In addition, registered agents have weight with the IRS, and as registered agents, you can be sure that they are valuable.
Accounting professionals will find an increased value in becoming registered agents. A registered agent is an affordable term that demonstrates competence and drives you to succeed – whether it’s increasing the number of clients you serve, gaining a leg up in a tax area, or adding new designations to your already impressive list. Higher tax expertise provides new career opportunities, and a new designation shows your desire to learn and grow in the industry.
- CPAs have more privileges in tax preparation, representation, and specialization.
- CIA’s acquire new expertise and tax knowledge, which is particularly valuable in auditing.
- CMAs also open the door to tax management and director positions.
Enrolled Agent Exam Cost
The enrolled Agent Exam consists of 3 parts. Part I is $18,497 for a total of $55,491. There is also a CPA State Board that awards CPAs recognition for passing the exam.
This is where the value of the EA verification system comes into play. Working with a good rating provider means you save money and time when you go through this part the first time. At the end of the day, you will spend $58,491 on the exam fees to take the EA exam, provided you pass the first time. The IRS charges a $30 fee to complete the enrollment process. In addition, the Registered Agent designation is affordable and does not require specialized training.
You will spend less time studying for the EA exam, but you will need a verification system to stay up to date with the latest tax laws. The audit focuses on tax issues, which vary from year to year, and from the tax laws.
Start the process of earning the enrolled agent credential with the help of our reviewed and comprehensive enrolled agent course by EA experts. You can also avail of our online and offline courses as per your schedules where our course guide covers complete exam preparation, tests, tips, and as well as placement assistance.