Learn EA

The only tax professional with a federal license specializing in all aspects of taxes is an Enrolled Agent (EA). Enrolled Agents represent taxpayers before the Internal Revenue Service (IRS) for tax matters, including audits, appeals, and collections.

There are three sections of EA: 1. Individuals 2. Businesses 3. Representation, practices & procedures. It is recommended that you complete one paper rather than three at once, yet you can take all three at once.

It is better to seek support from the top accounting coaching class, such as NorthStar Academy, rather than trying to study on your own since coaching classes aid you in thoroughly covering the subject and provide several practical examples to ensure you are well-prepared for the tests.

The IRS rules, tax law-related issues, and numerous taxpayer-related scenarios are all covered in the enrolled agent training. Moreover, it also covers the training of how the taxpayer may get the greatest and most efficient financial savings.

Except for the months of March and April, the EA examinations are administered all throughout the year. The test window for 2021 started on May 1 and will be available continuously through February 28, 2023. Yes, EA examinations are given in all of India's major cities.

It must be finished within two years of the first exam's completion date.

Acquire a Preparer Tax Identification Number; 1. Application for the Special Enrollment Exam must be submitted. 2. Obtain passing marks on each of the exam's three components; 3. Pass a suitability check, including a criminal background check and a tax compliance check to ensure you've completed all the required tax returns and there are no outstanding tax liabilities.

The IRS chose Prometric to create and deliver the EA test. The survey's results were used to produce the Exam Content Outlines (ECOs) and test questions. Since focus varies depending on new discoveries and because tax rules are approved or changed, certain variations from previous tests should be expected yearly.

Each portion costs $182.00, which is paid when making the appointment. The test cost is not transferable or refundable.

Candidates should be competent in accounting for income and taxes. Candidates must successfully complete all three test components within two years. In order to successfully register for the test, a PTIN must be obtained or checked by applicants. In addition, candidates must pass a suitability examination that includes tax compliance and a criminal history examination. Finally, after passing your test, they would need to take 2 hours of ethics-related continuing professional education every year to keep their designation.

One has the chance to advance in their profession as an EA.

1. Your prospective income goes up by 10% on average.
2. Helps you establish your expertise and enhances your accounting competence.
3. Because it is a respected certification, it will get the respect of others.

Acquire a thorough understanding of the EA Exam.

1. A PTIN must be obtained or checked by applicants.
2. Plan to take the EA test.
3. Create a study plan for the EA exam.
4. Take and pass the exam.

PTIN stands for Preparer Tax Identification Number, issued by the IRS. Only tax preparation professionals who take money for their services must have a PTIN. To get the PTIN, a fee must be paid by the student, and it must be renewed annually.

Anyone who has earned a +2 is qualified to participate in the EA course.