An enrolled agent is a tax professional who has been federally authorised to represent taxpayers before the IRS at all levels. Unlike CPAs, enrolled agents are permitted to practise in all states without the need for additional licencing. An enrolled agent’s job is to advise, represent, and prepare tax returns for individuals, businesses, and trusts.
There are a few steps you must take if you want to become an Enrolled Agent or take the EA course. In this blog post, we’ll walk you through the process of earning your EA certification in six simple steps. So, whether you’re just getting started or you’re well on your way, keep reading for all the information you need to succeed!
The following are the seven steps to earning Enrolled Agent Certification:
1. Research the requirements
The first step in becoming an enrolled agent is to do your homework. The IRS website specifies the qualifications that candidates must have to take the EA exam. Candidates must have at least five years of experience providing clients with tax consulting, compliance, or representation services. They must also pass a three-part exam on individual and business tax law.
2. IRS experience
Having IRS experience is another way to become an enrolled agent. Previous IRS service or technical service is considered acceptable. If you choose this route, you must meet three requirements.
- Technical service experience is required, as specified in Circular 230.
- Form 23 must be used to apply for enrollment.
- A background check is required to verify your years of experience. Your tax transcript will be examined as well. Any failure to file or pay your taxes on time will result in enrollment denial.
You must have at least 5 years of experience to be considered for EA enrollment.
3. Schedule an appointment for fingerprinting
After submitting Form 23 and the application fee, the candidate must schedule a fingerprinting appointment. The fingerprints will be used to perform a background check as part of the enrollment process.
4. Complete the enrolled agent exam
The Enrolled Agent course exam consists of three parts that cover individual and business tax law topics. To earn their certification, candidates must pass all three parts of the exam.
- Individual tax return preparation is covered in Part One of the exam, which is divided into federal tax procedures, ethics, and income tax.
- Part two is about preparing business tax returns and is divided into two sections: federal tax procedures and ethics and income tax.
- Part three discusses representation, practises, and procedures when dealing with the IRS.
5. Apply for a PTIN
Candidates must apply for a Preparer Tax Identification Number after passing the Enrolled Agent Exam (PTIN). The PTIN is required when representing clients in front of the IRS.
6. Maintain your certification
To keep their certification, enrolled agents must complete at least 72 hours of continuing education credits every three years. Attending conferences, taking the enrolled agent program, or reading professional publications are all ways to earn these credits.
Enrolled agents are tax professionals who have demonstrated their expertise in tax law by passing the Internal Revenue Service’s three-part examination (IRS). They are authorised to represent taxpayers in all administrative matters before the IRS, including audits, collections, and appeals.
We hope you found this article useful. Becoming an enrolled agent is a process that requires dedication and commitment, but for those who are up for the challenge, it can be a rewarding career. Following these six steps will assist you in obtaining your EA certification and beginning to represent taxpayers. The following are some of the reasons why you should become an enrolled agent.
Exceptional advantages of becoming an Enrolled Agent
If you are an RTP-registered tax preparer or an unenrolled tax preparer, especially if you do not have a law or accounting degree, earning the enrolled agent designation through a reputable US taxation course in Hyderabad is a great way to advance your career. and here are some of the key advantages you can enjoy as an EA:
- Unlimited representation before the internal revenue service
- Argue tax law
- Can prepare & file tax returns
- Handles appeals
- Has verified tax expertise
- Limitless earning potential
- Job security
- No demanding requirements
- Relatively low cost to become an EA
iLead is the ultimate platform and the top enrolled agent training institute in Hyderabad for graduates looking to advance their accounting and tax careers!
Why Choose iLead Tax Academy?
Experts recommend iLead’s enrolled agent course training in Hyderabad as the best course prep. We provide a variety of US taxation courses in Hyderabad, both offline and online, as well as training formats for earning the highly regarded EA designation. For example, iLead provides live in-person, online, and self-study formats of EA certification courses in Hyderabad taught by the top EA expert trainers, allowing you to learn in the format that is most convenient for you.
As the best-enrolled agent training institute in Hyderabad, we better understand aspirants’ learning concerns and provide more flexible training options such as mock tests, live projects, and so on, which is why we have a large number of on-demand online US taxation courses in Hyderabad that allow students to learn on their schedule and at their own pace.
iLead in Hyderabad provides review courses with the highest exam pass rate, MCQs, current IRS publications, and detailed and interactive training by experienced CPAs and EA expert trainers.