What is the Enrolled Agent Exam?
Actually called the Special Enrollment Examination, the Enrolled Agent Exam is a strenuous three-part exam that encompasses all parts of the federal tax code. Each section is broken down as follows:
- Representation, Practices and Procedures
Candidates must also pass a background check by the IRS in order to finalize their status as an Enrolled Agent.
According to the National Association of Enrolled Agents, an Enrolled Agent “is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.” Enrolled Agents are licensed by the government to “practice before the IRS.” They prepare tax returns for individuals, businesses, essentially any entity required to file a tax return. As an Enrolled Agent you may also represent the entity that entrusted you in preparing the return to the IRS if audited.
Why should I get the Enrolled Agent Exam certification?
Unlike CPAs or attorneys, Enrolled Agents can practice anywhere in the United States once they earn the Enrolled Agent certification without having to pass individual state exams. And, while you are required to obtain continuing education credits, you aren’t required to re-certify. It is a perfect career choice if you want to work from home or own your own business or both. You have all kinds of options when you become an Enrolled Agent.
In fact, CPAs are getting the certification for that very reason. And you never lose your Enrolled Agent certification even after obtaining a CPA. It wasn’t always that way, however if you aren’t a CPA or attorney but would like to capitalize on the huge demand for tax representatives, the Enrolled Agent certification provides the opportunity to grow your earnings capabilities while providing you the flexibility to decide where and when you want to work.
If I want to become an Enrolled Agent, what is my next step?
Whether or not you are an attorney or CPA, you’ll need to get some solid Enrolled Agent training and study materials. With over four decades experience training accounting professionals, Lambers Enrolled Agent Review is a smart choice. You should check out the Internal Revenue Website to learn more about what it takes to become an enrolled agent. You can also contact a Lambers Representative for more information.