40 likes | 55 Views
Simandhar Education is providing you Enrolled Agent courses through pnline which can make your career easier only sitting a home. We provide recorded videos and the best examination assist. We alsoprovideyu with access to live interactive classes from anywhere in the world. <br>https://simandhareducation.com/course/ea/<br>
E N D
EA(ENROLLEDAGENT) STEP BY STEP PROCESS OF ENROLLEDAGENT(EA) COURSE2021 EnrolledAgentisadesignationthat enhancesthe careersofprofessionalsandaccountants who intend tospecializeintax. Let’sknowthestep-by-stepprocessofbecominganEnrolledAgent(EA). UnderstandtheEnrolledAgentDesignation Knowthe benefits ofbecominganEnrolledAgent ObtainPTIN(PreparerTaxIdentificationNumber) Scheduleyour testappointments Apply forenrollment Passsuitabilitytest
UnderstandtheEnrolledAgentDesignation: The word ‘Enrolled’ is defined as to be licensed by the federal government whereas ‘Agent’ means anauthorized persontoappearintheplaceofthetaxpayerbefore theIRS. Hence,EnrolledAgentsareknownasthefederally-licensedtaxpractitionerswhocanpossess technicalexpertiseintaxation. Allthe 50statesinthe USrecognizeEnrolledAgent(EA)credentialsandthereforethe departmentoftreasurygrantsthe EnrolledAgent (EA)with havingunlimitedrepresentative rights. KnowthebenefitsofbecominganEnrolledAgent: TheEAcertificationhas3benefits: Advancedstatus:EAsdon’t work fortaxpayers.EnrolledAgentshave unlimitedrightsto representthetaxpayersevenbeforetheInternalRevenue Service. Confirmedtaxexpertise:BoththecertificationsofCertifiedPublic Accountant andEnrolled Agent are licenses. The state boards grant US CPA certification whereas the federal government grantsEAcertification.TheEnrolledAgentexpertiseisacknowledgedatanationallevel. Public Trust: When compared to EAs the CPAs charge more. Most people need the aid of a tax expertatonepointoftimeintheirlives.Hence,thereisahuge demandandtrust forEnrolled Agentsinthepublic. Enrolled agentcoursefeesinIndia:$181.94 perpart. ObtainPTIN(PreparerTaxIdentificationNumber): Hereistheprocess ofobtaining PTIN. Create anaccount:Youmusthave tocreateanaccountbyprovidingyourname,security questioninformation,and emailaddress. ApplyforPTIN:Youcancompletetheonlineapplicationbygivingyourpreviousyear’stax returninformation,your personal information,andprofessionalcredentials. Payyour fee:YourapplicationwilltransfertotheIRSpartnerbankwhereyouneed tomakea paymentof36 USD bydebit/credit cardor witheCheck. Scheduleyourtest appointments:
ThecandidatemusthavetovisittheSpecialEnrollmentExamination(SEE)web pagein orderto schedulethetest appointments. • Also,thecandidatehastoreviewthesampletestquestions,SEEcandidateinformation bulletin,and othertest preparationresources. • ApplyforEnrollment: • Usingpay.govform23,paythefeeandapplyforenrollment.Thenyouhavetomailthe complete formtotheInternal Revenue Service(IRS). • Passsuitabilitytest: • Thecandidatehastopassthesuitabilitychecktoensuretaxcomplianceinfilingnecessarytax returns, and thereisnocriminalbackground. • Note: Certain employees are exceptional from the exam requirement because of their past technicalexperience. • RenewalforActiveEnrolledAgents: • A person who wants to become an EA must complete 72 hours of CPE (Continuing Professional Education)everythreeyears.Also,include16hoursofprofessionalconductevery year.TheIRS requiresatleast 3 hoursofCPE. EAshouldrenewtheirPTINinthe periodof16thOctoberto 31stDecembereveryyear. • EnrolledAgentscanbeadmittedtopracticeduringthethreesuccessive enrollmentyearsofthe cycle by preceding the renewal date. A person who is not satisfied with the renewal requirements will be placedontheinactiveenrolledroster.Theindividualwill beineligible duringthe time beforetheIRSand may notimplytorepresent thetaxpayers. • ContinuingEducationRequirements: • Obtain16hoursofprofessionalconductandethics. • Obtain72hours ofCPE(based onrenewal cycle). • UsetheIRSfortheapprovalofaContinuingEducation Provider. • Howlongdoesit taketo becomeanEnrolledAgent? • BecominganEnrolledAgentcantake3to8 monthsdependingon yourtaxationknowledge. • IstheEnrolledAgentexamdifficult? • The EA exam consists of three different parts with 3.5 hours of testing time for each part. Each of theexam partscontains100MultipleChoice Questions(MCQ’s)andcoversa wide spreadof taxationrelatedtopics.
Thethreepartsof theEAexamare: • Part1:Individuals • Part2:Businesses • Part3:Representation,Practices&Procedures • EAExam PassingScore: • TheIRSsetsthescaledpassingscoreat 105,whichcorrespondstothe minimumlevel of knowledge deemed acceptable by professionals practising before the IRS. Exam scores are confidential,and theyareonlyrevealedtothecandidate. • Conclusion: • The above article helps you to know the step by step process of becoming an Enrolled Agent and Enrolled Agent course details. Hope this article will be helpful for you. Any Questions? CommentbeloworyoucandirectlycontactSimandharEducation+91-7780273388.