ENROLLED AGENT -EA COURSE - PowerPoint PPT Presentation

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ENROLLED AGENT -EA COURSE

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Enrolled Agent | Enrolled Agent Course There's no prior qualification required if you wish to pursue EA. A graduate with basic accounting knowledge can apply, but the applicant must prove his/her competency for the tax-pertaining content. Simandhar Education is providing Enrolled Agent Review Materials, Advanced Learning Tools and Unlimited EA practice examinations. Click here to visit our link For more details, please contact us @7780273388 Email- info@simandhareducation.com – PowerPoint PPT presentation

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Title: ENROLLED AGENT -EA COURSE


1
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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

2
Understand 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.
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