Enrolled agent

This topic contains 28 replies, has 14 voices, and was last updated by  MM_CPA 2 years, 9 months ago.

Viewing 29 posts - 1 through 29 (of 29 total)
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  • #164616

    colaradocpa
    Member

    Could anyone suggest me how to prepare for enrolled agent exam. Suggest me some good books.

    #463761

    Allyson
    Participant

    I’m going to bump up a thread for you about this. Very informative.

    #463844

    Allyson
    Participant

    I’m going to bump up a thread for you about this. Very informative.

    #463763

    Anonymous

    I know HR&Block offer classes if you work part time(seasonal) with them.

    But I am just wondering why would EA be valuable if you already passed the CPA exam? Unless it is required by employment?

    #463845

    Anonymous

    I know HR&Block offer classes if you work part time(seasonal) with them.

    But I am just wondering why would EA be valuable if you already passed the CPA exam? Unless it is required by employment?

    #463765

    SunDevil13
    Member

    When I graduated in 2010 I was planning to take the EA exam because I didn’t have a job lined up and I thought I would be doing tax. I also never thought I would be getting a Masters or taking the CPA exam.

    I purchased Gleim materials and looking through them now I actually think they are decent. There are 3 books and the questions are at the back of each chapter.

    Since the test is on the computer I think it would be good to get questions on a computer, but I think the books content is good. It could definitely use more questions though.

    That being said, you already passed all your sections for the CPA. Unless you are planning to have your own tax firm I think it is a waste of time. My old boss was a CPA and EA. A lot of people say they only want a CPA to do their taxes. No one cares about an EA.

    #463846

    SunDevil13
    Member

    When I graduated in 2010 I was planning to take the EA exam because I didn’t have a job lined up and I thought I would be doing tax. I also never thought I would be getting a Masters or taking the CPA exam.

    I purchased Gleim materials and looking through them now I actually think they are decent. There are 3 books and the questions are at the back of each chapter.

    Since the test is on the computer I think it would be good to get questions on a computer, but I think the books content is good. It could definitely use more questions though.

    That being said, you already passed all your sections for the CPA. Unless you are planning to have your own tax firm I think it is a waste of time. My old boss was a CPA and EA. A lot of people say they only want a CPA to do their taxes. No one cares about an EA.

    #463767

    colaradocpa
    Member

    In my view, an enrolled agent will have more taxation knowledge when compared to a cpa. I want to establish my own tax practice. That’s why i want to pursue both enrolled agent and master’s in taxation.

    #463847

    colaradocpa
    Member

    In my view, an enrolled agent will have more taxation knowledge when compared to a cpa. I want to establish my own tax practice. That’s why i want to pursue both enrolled agent and master’s in taxation.

    #463769

    When I was researching this, I got the impression that once you have your CPA you are essentially on the same level as an EA in terms of the way the IRS sees you. Look on the IRS website, they have a lot of info on being an EA.

    Personally, if you are interested in learning more about tax or want to establish a practice, you should just focus a lot of your CPE credits or even outside learning towards tax issues.

    My belief is the CPA is the best to have. I feel, getting an EA on top of it would be somewhat of a waste, but that’s just my opinion.

    #463848

    When I was researching this, I got the impression that once you have your CPA you are essentially on the same level as an EA in terms of the way the IRS sees you. Look on the IRS website, they have a lot of info on being an EA.

    Personally, if you are interested in learning more about tax or want to establish a practice, you should just focus a lot of your CPE credits or even outside learning towards tax issues.

    My belief is the CPA is the best to have. I feel, getting an EA on top of it would be somewhat of a waste, but that’s just my opinion.

    #463771

    bobkorz
    Member

    At first I wanted to get an EA. But the IRS says that CPA’s and EA’s basically look the same to them.

    http://www.irs.gov/taxpros/actuaries/article/0,,id=229026,00.html

    Get the CPA and you won’t need the EA.

    #463849

    bobkorz
    Member

    At first I wanted to get an EA. But the IRS says that CPA’s and EA’s basically look the same to them.

    http://www.irs.gov/taxpros/actuaries/article/0,,id=229026,00.html

    Get the CPA and you won’t need the EA.

    #463772

    Anonymous

    I passed all four CPA exams, but i still need some business credits to get licensed. I am planning to take the EA exams, anyone know any free review materials for EA exams? how difficult are the EA exams compared to CPA exams?

    #463850

    Anonymous

    I passed all four CPA exams, but i still need some business credits to get licensed. I am planning to take the EA exams, anyone know any free review materials for EA exams? how difficult are the EA exams compared to CPA exams?

    #463774

    Roxwella
    Member

    CPA is what you need, EA title is completely unknown to the public at this point. CPA on the front door should drive business.

    #463851

    Roxwella
    Member

    CPA is what you need, EA title is completely unknown to the public at this point. CPA on the front door should drive business.

    #463776

    Fast Forward Academy fastforwardacademy.com is what I used to do my EA…just bought the book and the online unlimited questions.

    Such a breeze compared to CPAs but extremely in depth tax. must know details you did not need to know on REG and its three tests 100 question each and you know right then if pass or fail, but not the score you made if you pass. I took all three in a week, MWF, 123. SEE is the official name.

    The IRS does care much about the EA vs CPA. IMHO. An EA is federally licensed with unlimited rights of representation. A CPA (to the IRS) is only licensed to complete returns of the state’s residents and are limited to represent taxpayers from their state. (granted you can get the case heard in other states but) I agree the EA is unknown, but if the IRS can get this RTRP idea kicked but require the EA that’d be great!

    #463853

    Fast Forward Academy fastforwardacademy.com is what I used to do my EA…just bought the book and the online unlimited questions.

    Such a breeze compared to CPAs but extremely in depth tax. must know details you did not need to know on REG and its three tests 100 question each and you know right then if pass or fail, but not the score you made if you pass. I took all three in a week, MWF, 123. SEE is the official name.

    The IRS does care much about the EA vs CPA. IMHO. An EA is federally licensed with unlimited rights of representation. A CPA (to the IRS) is only licensed to complete returns of the state’s residents and are limited to represent taxpayers from their state. (granted you can get the case heard in other states but) I agree the EA is unknown, but if the IRS can get this RTRP idea kicked but require the EA that’d be great!

    #463778

    JUTTERB
    Participant

    If you have your CPA I see no reason to go after the EA. I’m a tax guy and don’t see why you’d get both……seems like a waste of time and money IMHO. None of the Tax partners I’ve encountered throughout my career at 2 firms (both top 50 – one big 4) were enrolled agents for what its worth. We deal with clients all over the nation and have never had a problem with representation as a licensed CPA,

    #463854

    JUTTERB
    Participant

    If you have your CPA I see no reason to go after the EA. I’m a tax guy and don’t see why you’d get both……seems like a waste of time and money IMHO. None of the Tax partners I’ve encountered throughout my career at 2 firms (both top 50 – one big 4) were enrolled agents for what its worth. We deal with clients all over the nation and have never had a problem with representation as a licensed CPA,

    #463780

    Gerg, CPA
    Member

    i’m going to have to agree w/ some of the others in here. you have no need for EA designation if you are a CPA. waste of time & money. i know of 1 person that is even considering getting an EA – and that is because they have basically given up on getting their CPA. everything for EA is covered in CPA, and CPA is more expansive. Masters of tax is a good idea, but don’t get EA. it’s like the tax preparation examination that the IRS was trying to institute this year – not needed if you are a CPA, because CPA covers everything

    #463856

    Gerg, CPA
    Member

    i’m going to have to agree w/ some of the others in here. you have no need for EA designation if you are a CPA. waste of time & money. i know of 1 person that is even considering getting an EA – and that is because they have basically given up on getting their CPA. everything for EA is covered in CPA, and CPA is more expansive. Masters of tax is a good idea, but don’t get EA. it’s like the tax preparation examination that the IRS was trying to institute this year – not needed if you are a CPA, because CPA covers everything

    #463782

    Casey
    Member

    If you’ve passed REG, you’ll easily be able to pass all three sections of the SEE w/ minimal studying. REG is more conceptual and tricky, while the SEE is straight forward – you either know it or you don’t.

    Old exam questions are posted on the IRS website, and they’re very similar to the ones found on the current exams.

    Becoming a CPA is undoubtedly way to go, but if you have some extra time and a few extra dollars, I don’t see how passing the EA could hurt.

    #463858

    Casey
    Member

    If you’ve passed REG, you’ll easily be able to pass all three sections of the SEE w/ minimal studying. REG is more conceptual and tricky, while the SEE is straight forward – you either know it or you don’t.

    Old exam questions are posted on the IRS website, and they’re very similar to the ones found on the current exams.

    Becoming a CPA is undoubtedly way to go, but if you have some extra time and a few extra dollars, I don’t see how passing the EA could hurt.

    #463784

    kbbflo
    Member

    I am an enrolled agent now taking the cpa exam. I work for a representation firm and our clients come from all over the world. Since the EA license is granted at the federal level and covers all 50 states I know I can work for anyone that contacts me. I totally agree that the CPA designation is much more well known and gives potential clients a comfort level, but for the small cost of obtaining the license (I think the exams were around $100 per section) I think it is well worth it if you want to expand beyond your area….I used fast forward academy as well. I probably put in about 20 hours of studying for each section and passed each on the first try.

    #463860

    kbbflo
    Member

    I am an enrolled agent now taking the cpa exam. I work for a representation firm and our clients come from all over the world. Since the EA license is granted at the federal level and covers all 50 states I know I can work for anyone that contacts me. I totally agree that the CPA designation is much more well known and gives potential clients a comfort level, but for the small cost of obtaining the license (I think the exams were around $100 per section) I think it is well worth it if you want to expand beyond your area….I used fast forward academy as well. I probably put in about 20 hours of studying for each section and passed each on the first try.

    #463787

    MM_CPA
    Member

    Does anyone know how much is it to renew a EA license? Is it every year?

    Trying to figure out how much it will cost to be maintain a EA license every year, even though I am already a CPA.

    #463864

    MM_CPA
    Member

    Does anyone know how much is it to renew a EA license? Is it every year?

    Trying to figure out how much it will cost to be maintain a EA license every year, even though I am already a CPA.

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