Where can EA work?

Do states recognize enrolled agents?

Enrolled Agent status is the highest credential awarded by the IRS. The EA credential is recognized across all 50 U.S. states. Attorneys and certified public accountants (CPAs) are licensed on a state by state basis.

Is being 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.

How hard is the EA exam?

How hard is the EA exam? The IRS Enrolled Agent exam pass rate fluctuates from 70% to 74%. This is a high pass rate compared to other professional accounting exams, like the CPA, which has an average pass rate of 45-50%. The IRS sets a scaled passing score at 105 out of the available 130 points.

What is an EA profession?

An enrolled agent, or EA, is a kind of tax professional who focuses narrowly on managing tax arrangements for business or private entities. EAs boast a wide range of knowledge in such tax-related subjects as income, estate, gift, payroll, levies, returns, inheritance, non-profit and retirement taxes.

Working at EA | Advice To Join EA

How much does an Enrolled Agent earn in Virginia?

As of Mar 30, 2023, the average annual pay for an Enrolled Agent in Virginia is $53,707 a year.

How much does an Enrolled Agent earn in NJ?

As of Apr 1, 2023, the average annual pay for an Enrolled Agent in New Jersey is $58,074 a year. Just in case you need a simple salary calculator, that works out to be approximately $27.92 an hour. This is the equivalent of $1,116/week or $4,839/month.

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.

Is it harder to become an Enrolled Agent or CPA?

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 average age of enrolled agents?

Enrolled Agent Age Breakdown

Interestingly enough, the average age of enrolled agents is 40+ years old, which represents 66% of the population.

What are the benefits of becoming an Enrolled Agent?

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.

Is Enrolled Agent the highest credential?

Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years. Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights.

Is EA a good career?

The job of an executive assistant can be fast-paced and demanding, but it can also be rewarding work as an executive assistant helps executives with their work, which includes making the business more successful and productive.

Is an EA a good position?

Anyone who loves working with or helping people will find great satisfaction in an Executive Assistant role. These service-oriented roles provide plenty of opportunities to make a difference. An Executive Assistant might lead plans for an employee perk initiative that increases job satisfaction.

What can you do after being an EA?

What if I 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.

How many hours to study for EA?

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 is the hardest part of EA exam?

The Business section is considered the hardest among most tax preparers and often gives Enrolled Agent candidates anxiety. Due to its reputation, candidates often take Part 2 after passing at least one of the other two sections, meaning that candidates are more likely to have a study strategy in place before starting.

Is there a shortage of enrolled agents?

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.

Is CPA higher than EA?

An enrolled agent is a tax practitioner who is licensed at the federal level by the Internal Revenue Service. In fact, enrolled agent status is the highest credential awarded by the IRS. On the other hand, certified public accountants are licensed by their applicable state boards of accountancy.

Can Enrolled Agents audit?

Enrolled Agents

EAs have the capability to prepare tax returns and handle routine audits – but once they get into more difficult tax collection areas like offers in compromise and liens, they are usually lost.

How do I become certified to the IRS?

Steps to becoming an enrolled agent:

Apply for enrollment and pay enrollment fee electronically using Pay.gov Form 23 or by downloading Form 23, Application for Enrollment to Practice Before the Internal Revenue ServicePDF and mailing the completed form and a check to the IRS.

How do I study for the Enrolled Agent exam?

Take practice exams and learn how to pace yourself

Practice exams are major helpers before exam day. They help you become familiar with the format of the exam, and they teach you to budget your time. Each of your Enrolled Agent Exams has 100 multiple choice questions that need to be answered within the 3.5-hour window.

How long does it take to pass the EA exam?

You may hear some enrolled agents boast that the EA exam is easy and 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.