Enrolled Agent Course- Best career option after 12th

Ten faces- Ten different stories, Simandhar education is proud to be a contributor in students' journey to pass Enrolled agent (US tax) examinations. We are proud to have 10 students passing the Enrolled agent examination this month.

What Is an Enrolled Agent?

An enrolled agent (EA) is a tax practitioner with technical expertise in taxation. Simply put it's like a Tax preparer of India but with more privileges and equivalent to Chartered accountants in Tax with signing powers.

By dissecting the phrase, we learn that “enrolled” means licensed to practice before the federal government. And “agent” means someone authorized to appear in place of the taxpayer before the Internal Revenue Service (IRS). Therefore, we can see that an enrolled agent is fully authorized to represent taxpayers before all administrative levels of the IRS.

Furthermore, EAs can handle any type of tax matter (even collections, appeals, and audits), work with any taxpayer in any state, and take client matters before any IRS office.

Eligibility for EA: There is no eligibility for EA examination and anyone with a valid PTIN can sit for the EA examination.

What Does an Enrolled Agent Do?

Enrolled agents deal with any and all tax matters for tax payers. They are tax professionals who can offer a wide range of services to the public, including:

• Helping people with audits
• Preparing and filing documents on a client’s behalf
• Attending hearings and conferences in place of your client
• Providing written advice to third parties on the tax implications of business transactions

Enrolled agents also enjoy all the tax privileges Certified Public Accountants (CPAs) enjoy, such as the ability to:

• Provide missing information to the IRS on behalf of the client
• Call the IRS about the processing of a client’s taxes
• Argue tax law
• Disagree with the IRS on a tax return prepared by the EA or anyone else
• Talk with the IRS in an audit of a tax return prepared by the EA or anyone else
• Talk with the IRS collections office
• Handle appeals

Career growth:

EAs fresher starting package is INR 5.5-6.5 lakhs per annum and most of the top accounting firms require their tax professionals to get EA certified in order to get promotion to higher levels.

EA Syllabus:

The?EA exam syllabus?has 3 parts:

1. Individuals Taxation
2. Businesses Taxation
3. Representation, Practices, and Procedures

The EA exam testing window is available from May 1-February 28 (29 in a leap year). Moreover, all questions are related to the prior calendar year.

The IRS updates the SEE exam during the months of March and April. Then, the IRS introduces a new version of the exam each May. Basically, the IRS bases the new version on the most recent tax law through December 31 of the previous year.

The?EA exam requirements?do not include an education or experience requirement. Rather, to take the SEE exam, you simply must have a Preparer Tax Identification Number (PTIN).

Each part contains 100 MCQ’s (130 marks, minimum 105 need to be scored) with a duration of 3.5 hours and there is a 15 min break after completing 1 section (i.e., after completing 50 MCQ’s) Results are announced immediately once the exam gets over and students can take the printout of their results.

EA Exam cost:

PTIN registration or renewal - 35.95$

Examination - 203$ Per Part

Enrollment to practice before IRS application – 67$

For more details and information about Enrolled agent course, please visit www.simandhareducation.com or call us at + 917780273388 for more information. you may also follow Sim Edu on linkedin too.

About Simandhar Education:

Simandhar education is the official partner of AICPA (US CPA), Fast forward Academy (for EA) and (IMA for US CMA), we are having a community of over 10,000 students and are tied up with all big fours like Deloitte, EY, KPMG, PWC and top accounting firms and provide assured placements in all top accounting firms for CPA, EA, US CMA courses respectively.