Title: ENROLLED AGENT -EA COURSE
1?
EA (ENROLLED AGENT)
STEP BY STEP PROCESS OF ENROLLED AGENT (EA)
COURSE 2021
- Enrolled Agent is a designation that enhances the
careers of professionals and accountants who
intend to specialize in tax. - Lets know the step-by-step process of becoming
an Enrolled Agent (EA). - Understand the Enrolled Agent Designation
- Know the benefits of becoming an Enrolled Agent
- Obtain PTIN (Preparer Tax Identification Number)
- Schedule your test appointments
- Apply for enrollment
- Pass suitability test
2Understand the Enrolled Agent Designation The
word Enrolled is defined as to be licensed by
the federal government whereas Agent means an
authorized person to appear in the place of the
taxpayer before the IRS. Hence, Enrolled Agents
are known as the federally-licensed tax
practitioners who can possess technical
expertise in taxation. All the 50 states in the
US recognize Enrolled Agent (EA) credentials and
therefore the department of treasury grants the
Enrolled Agent (EA) with having unlimited
representative rights. Know the benefits of
becoming an Enrolled Agent The EA certification
has 3 benefits Advanced status EAs dont work
for taxpayers. Enrolled Agents have unlimited
rights to represent the taxpayers even before
the Internal Revenue Service. Confirmed tax
expertise Both the certifications of Certified
Public Accountant and Enrolled Agent are
licenses. The state boards grant US CPA
certification whereas the federal government
grants EA certification. The Enrolled Agent
expertise is acknowledged at a national
level. Public Trust When compared to EAs the
CPAs charge more. Most people need the aid of a
tax expert at one point of time in their lives.
Hence, there is a huge demand and trust for
Enrolled Agents in the public. Enrolled agent
course fees in India 181.94 per part. Obtain
PTIN (Preparer Tax Identification Number) Here
is the process of obtaining PTIN. Create an
account You must have to create an account by
providing your name, security question
information, and email address. Apply for PTIN
You can complete the online application by giving
your previous years tax return information,
your personal information, and professional
credentials. Pay your fee Your application will
transfer to the IRS partner bank where you need
to make a payment of 36 USD by debit/credit card
or with eCheck. Schedule your test appointments
3- The candidate must have to visit the Special
Enrollment Examination (SEE) web page in order
to schedule the test appointments. - Also, the candidate has to review the sample test
questions, SEE candidate information bulletin,
and other test preparation resources. - Apply for Enrollment
- Using pay.govform23, pay the fee and apply for
enrollment. Then you have to mail the complete
form to the Internal Revenue Service (IRS). - Pass suitability test
- The candidate has to pass the suitability check
to ensure tax compliance in filing necessary tax
returns, and there is no criminal background. - Note Certain employees are exceptional from the
exam requirement because of their past technical
experience. - Renewal for Active Enrolled Agents
- A person who wants to become an EA must complete
72 hours of CPE (Continuing Professional
Education) every three years. Also, include 16
hours of professional conduct every year. The IRS
requires at least 3 hours of CPE. EA should
renew their PTIN in the period of 16th October to
31st December every year. - Enrolled Agents can be admitted to practice
during the three successive enrollment years of
the cycle by preceding the renewal date. A
person who is not satisfied with the renewal
requirements will be placed on the inactive
enrolled roster. The individual will be
ineligible during the time before the IRS and
may not imply to represent the taxpayers.
4- The three parts of the EA exam are
- Part 1 Individuals
- Part 2 Businesses
- Part 3 Representation, Practices Procedures
- EA Exam Passing Score
- The IRS sets the scaled passing score at 105,
which corresponds to the minimum level of
knowledge deemed acceptable by professionals
practising before the IRS. Exam scores are
confidential, and they are only revealed to the
candidate. - Conclusion
- The above article helps you to know the step by
step process of becoming an Enrolled Agent and
Enrolled Agent course details. Hope this article
will be helpful for you. Any Questions? Comment
below or you can directly contact Simandhar
Education 91-7780273388.