How long do you have to keep your EA?

Enrolled agents must obtain 72 hours of continuing education

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every three years. A minimum of 16 hours must be earned per year, two of which must be on ethics.

Does EA certification expire?

To remain active, you also need to keep up with the EA Continuing Education requirements. The IRS sets three-year Renewal Cycles based on the last digit of your SSN. EAs need to complete 72 hours of Continuing Education every three-year Renewal Cycle.

How long does EA license last?

Your enrolled agent credential stays active for three years. The year during which you need to renew depends on the last digit of your social security number. If your SSN ends in 7, 8, or 9 or you don't have an SSN, your renewal window opens on November 1 this year and closes January 31, 2021.

How long do you have to pass all 3 parts of EA exam?

You have two years* to pass all three parts of the EA exam, so while you do not technically need to pass all three in the same year, many candidates want to pass before tax season to get more clients. This means appointments to take the exam early in the year can fill up quickly.

Is becoming an enrolled agent worth it?

It's definitely recommended! Many CPAs have chosen to obtain sit for the Enrolled Agent Exam and earn the credential because it provides the same IRS representation rights as a CPA. But, unlike the CPA, an EA is recognized in all 50 states.

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Which is harder CPA or EA?

CPA and EA Exams: Which is Harder? Most people who have taken both report that the CPA Exam is more difficult to pass than the EA exam. The reason for this is the amount of information both exams cover. EAs must be tax experts, so the SEE goes into great depth on tax matters.

What is the highest paid Enrolled Agent?

While annual EA salaries within the US range between $25,500 and $97,000, the majority of EA salaries currently fall between $45,000 (25th percentile) to $68,500 (75th percentile) with top earners (90th percentile) making $86,500 or more.

Which EA exam is the hardest?

The most difficult test for most candidates is Part 2 (Businesses). Only about 60% of exam takers have passed this part in the past three years. Part 1 of the exam (Individuals) is also challenging; approximately 75-80% of exam-takers have passed this part of the exam in the past three years.

What percentage of people pass the EA exam?

The EA Exam, also known as the Special Enrollment Exam (SEE Exam), is one of the easier tax professional credential exams, with about a 70% national pass rate. Compare that to the CPA and CMA Exams, which are both closer to 50% on average.

What if I fail the EA exam?

If you fail part of the EA exam, you have 2 options for your next move. You can either take the failed part again, or you can halt your pursuit of the EA. It really is that simple.

How many times can you fail the EA exam?

Candidates who fail will be told their score, as well as diagnostic information to help prepare for re-examination. Candidates who do not pass a part of the exam after four attempts during the May 1 through February 28 test window must wait until the next testing period before attempting the part again.

What to do after passing EA exam?

Once you pass all of the exams, you need to complete an online application to apply for enrollment to practice before the IRS. Just type “form 23” in the search box on pay.gov to find it. You should receive your enrollment card in about 60 days from the date of your application.

How fast can you pass the EA exam?

Based on over 20 years' experience preparing candidates, we recommend you aim to pass the Enrolled Agent exam in one year. Ultimately, how long it takes to become an Enrolled Agent will come down to the study schedule you create and how strictly you stick to it, but one year is an attainable goal for most people.

How long should I study for the EA exam?

How much time should I expect to review the Enrolled Agent study material? Depending on experience, you should expect to invest up to 40-70 hours of total study time for each exam part.

What are the benefits of an EA license?

EAs have unlimited representation rights. Without an EA credential, a non-certified tax preparer is only able to represent clients whose tax returns they have prepared and signed. In contrast, EAs can represent their clients before the IRS on any matter, including audits and appeals.

How can I check my EA status?

Can I pass the EA exam in a month?

You may hear some enrolled agents boast that the EA exam is easy and that they passed it in just a few weeks. Yet, the reality is that most candidates are not able to pass in 1 month. You may need more than 1 month or even more than 1 year to pass.

Is it hard to become EA?

So, is the enrolled agent exam hard? Even though the EA Exam is daunting, it's not as difficult as people make it to out to be—as long as you prepare properly. This is not a normal test and you will have to be studying at your best in order to pass.

Which EA exam should I take first?

Part One – Individuals

We suggest that you start with part one, because this is based on individual tax returns – this directly relates to the work and tasks that you will have been doing as a tax preparer to date.

What is the easiest part of the EA exam?

Part 3 is reputed to be the “easy” part, but it's still important to study.

What score do I need to pass EA exam?

Scaled scores are determined by calculating the number of questions answered correctly and converting it to a scale that ranges from 40 to 130. The IRS has set the scaled passing score at 105. Failing candidates are provided a scaled score value so that they may see how close they are to being successful.

What is the hardest exam to qualify in the world?

Do Big 4 hire Enrolled Agents?

Does the Big 4 hire Enrolled Agents? Yes, the Big 4 accounting firms employ Enrolled Agents in multiple functions. While it may seem that Big 4 accounting firms only recognize the value of CPAs, they make use of Enrolled Agents in positions that capitalize on the strengths of the EA designation.

Is there a shortage of Enrolled Agents?

You don't need a college degree to become an Enrolled Agent. You don't need to know accounting or high level math to become an Enrolled Agent. There is a shortage of Enrolled Agents, who can handle more complicated tax returns and represent clients before the IRS.

Why hire an Enrolled Agent?

Enrolled agents are pure tax specialists who can help you with tax planning, prepare your tax return for you, and represent you in Tax Court if you ever run into any problems with the IRS. If you have a tax issue that doesn't require the input of a CPA or an attorney, hiring an enrolled agent is the way to go.