Anyone who wishes to work as a federally authorized tax practitioner has to take the enrolled agent exam. Enrolled agent must have technical experience in the area of taxes and a very important aspect of preparing taxes for the IRS.
To become an enrolled agent someone wither has to work for five years in a certain position for the IRS, or to pass the enrolled agent exam. The enrolled agent exam has three different parts that cover individuals, businesses, and then representation, practices, and procedure. To pass the test you do not have to have an educational history in the topic, but you must prove that you have an in depth knowledge about the tax code. You can of course enroll in online classes or in person preparation courses to get ready to take the exam.
How you choose to study for the EA courses will vary dramatically based on your experience, but the amount of studying to be done to prepare will average at around twenty hours a week if you already have some experience on the topic.
To take the test you must sign up in advance and choose one out of the ten available months to take it. The test is offered in a multiple-choice format and each questions counts for one point. There are however some questions on the test that do not fall into your final score, and to pass you need to get at least a 105. You will be informed right away if you pass the test or not.
If you fail one or more parts you are free to retake them up to four times a year. When you have passed all three parts of the exam you must submit an application for enrollment directly to the IRS, where they will then process you application and run your background check. The background check includes checking up on your tax history to make sure that you have properly handled your own as well. To keep your license once you have earned it, you will need to complete a certain amount of continuing education hours each year. Read http://www.britannica.com/EBchecked/topic/584552/tax-accounting to learn more about tax accounting.
Having gleim enrolled agent review license means that you can choose to work with anything from individuals who have more simple tax returns, to large corporations, which might have quite complicated ones. There are no limits to where you can take your practice within the field.
To become an enrolled agent someone wither has to work for five years in a certain position for the IRS, or to pass the enrolled agent exam. The enrolled agent exam has three different parts that cover individuals, businesses, and then representation, practices, and procedure. To pass the test you do not have to have an educational history in the topic, but you must prove that you have an in depth knowledge about the tax code. You can of course enroll in online classes or in person preparation courses to get ready to take the exam.
How you choose to study for the EA courses will vary dramatically based on your experience, but the amount of studying to be done to prepare will average at around twenty hours a week if you already have some experience on the topic.
To take the test you must sign up in advance and choose one out of the ten available months to take it. The test is offered in a multiple-choice format and each questions counts for one point. There are however some questions on the test that do not fall into your final score, and to pass you need to get at least a 105. You will be informed right away if you pass the test or not.
If you fail one or more parts you are free to retake them up to four times a year. When you have passed all three parts of the exam you must submit an application for enrollment directly to the IRS, where they will then process you application and run your background check. The background check includes checking up on your tax history to make sure that you have properly handled your own as well. To keep your license once you have earned it, you will need to complete a certain amount of continuing education hours each year. Read http://www.britannica.com/EBchecked/topic/584552/tax-accounting to learn more about tax accounting.
Having gleim enrolled agent review license means that you can choose to work with anything from individuals who have more simple tax returns, to large corporations, which might have quite complicated ones. There are no limits to where you can take your practice within the field.