Who is an IRS Enrolled Agent

An Enrolled Agent, or EA, is the only federally licensed tax practitioners who specialise in all areas of taxation.Enrolled Agents are mostly known as America's Tax Expert..Enrolled agents are the only taxpayer representatives who receive their unlimited right to practise from the federal government.Enrolled agents are licensed by IRS.Enrolled agent status is the highest credential awarded by the IRS and recognised across all 50 U.S.states.

An enroled agent can advise, represent and prepare tax returns for individuals,corporation and trusts.Enrolled Agents are needed in small and large public accounting firms,law firms,and corporate accounting departments,state departments of revenue,investment firms,banks and in private practise.

How to become an Enrolled Agent?

For becoming EA no prior qualification is required.Any graduate with basic accounting knowledge can apply for the same.The candidate must prove his/her competency for tax-related matter.There are two ways to become EA:

1.Pass the Special Enrollment Exam (EA Exam):

To become an EA,an applicant must obtain a PTIN and achieve passing scores on all three parts of the Special Enrollment Examination (Individuals, Business and Representation,Practices and Procedures),which covers many aspects of the Internal Revenue Code.

The different parts of the exam can be taken in any order.The only requirement is that applicant must pass all three sections in order to earn the EA certification.Prometric,the company selected by IRS to administer the SEE,maintains a website where candidates can learn more about the SEE and register for the test.

2. IRS Experience:

Applicant must have worked at the IRS for five consecutive years in a position which regularly engaged in applying and interpreting the provisions of the Internal Revenue Code and the regulations relating to income,estate,gift,employement, or excise taxes.

Maintaining enrolled agent status

Part of becoming an enrolled agent means maintaining the EA certification in the future.

Enrolled agents are required to renew their license every 3 years. This ensures that EAs are up-to-date on any changes and additions to the tax code.

The IRS will notify the candidate when his/her renewal cycle is approaching.The candidate can renew pnline or he/she can complete the paper Form 8554 and mail it in.Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.To prevent overloading of CPEs in any year of an enrollment cycle, the IRS requires a minimum of 16 hours of CPE every year.

Renewal periods are based on the last digit of an enrolled agents Social Security Number (SSN) or Tax identification number:

SSN ends in. Renewal Period Effective Date of Renewal CPE Reporting Period
0,1,2,3 11/01/18 - 01/31/19 04/01/19 01/01/16-12/31/18
4,5,6 11/01/16 - 01/31/17 04/01/17 01/01/14-12/31/16
7,8,9 11/01/17 - 01/31/18 04/01/18 01/01/15-12/31/17

Course Content

Part 1

Preliminary Work to Prepare Tax Returns, Tax Returns for Individuals, Taxpayer Data, Minimisation of Taxes Paid, Advising the Individual Taxpayer, Basically complete training on Form 1040

Part 2

Analysis of Financial Records, Advising the Business Taxpayer, Complete training on Form 1120, 1065 and 1120 S concepts.

Part 3

Building the Taxpayer’s Case: Preliminary Work, Reviewing Taxpayer, Information Before the IRS, Representation, Building the Taxpayer’s Case: Reviewing the Financial Situation, Building the Taxpayer’s Case: Supporting Documentation, Completion of the Filing Process: Accuracy, Completion of the Filing Process: Information Shared with the Taxpayer

Course Details

Duration The course duration is 3.5 months (including all three papers classes and Q&A sessions). The classes will be held over weekends/ weekdays for 3 hours each class.
PTIN Application Fees As part of the EA registration process,There is no fees for PTIN registration.According to the IRS,all enrolled agents must have a PTIN.
Enrollment to Practise Fee Once you pass the exam and ready to become an EA, you must pay $30 to the IRS in order to complete the enrollment process
Simandhar Hi-Educare Fees Rs. 30,000 + GST
Study Material The study material is prepared by Highly qualified and experienced faculties Haresh Ratnagrahi (CPA) and Shivangani Tandon (EA). This includes three books with 450 questions
Additional Material The total course includes 1600+ MCQs for practise, live classes/ virtual classes, Personal assistance to students.