Enrolled Agent, Good to Go With Or Not?
IRS issues are the major thing that you have to deal when you face tax issues.
But more than that something you need a licensed enrolled agent to help you in the event of an audit by IRS.
However, it is must to pass the IRS scrutiny to be called an enrolled agent.
It can be really helpful because the training for an EA is conducted and tested by IRS itself so you can be free of worries when an agent is guiding you through your audit by IRS.
It must be kept in mind that to become an EA you have to go through long term training and a lot of different formalities.
The designed process for the training of an EA is much more sophisticated than of an un-enrolled preparer.
One must not forget to continue studies and other aspects of life along or after this training.
It is also very important to complete at least 24 hours of continuing education each year to maintain their licenses, which are renewed every three years.
So you see it is not very easy to become an enrolled agent and at the same time it's also not easy to maintain the EA license.
Now let's discuss the main issue we have with such agents.
Fee of an EA is a matter to which we re mainly concerned about.
The reason is that we are hoping the best benefits from them and they are expecting their good amount of fee for it.
Their price falls somewhere in between the price of a preparer and a certified public accountant.
Let's say you need some professional legal advice, a representation and nothing more so an enrolled agent can provide you with his expertise in a reasonable cost.
However as we all know when the scope of service increase the amount of their fee also increases.
The main difference between enrolled agents and CPAs and attorneys is that EAs work exclusively in the field of taxation, which makes them more likely to stay attuned to the latest tax developments.
If we closely observe we see that not all CPAs and attorneys do what all Enrolled agents does.
You can trust an EA to prepare for your tax returns including simple to complex forms, tax planning, representing you in audits and to keep the IRS off from your tail.
But more than that something you need a licensed enrolled agent to help you in the event of an audit by IRS.
However, it is must to pass the IRS scrutiny to be called an enrolled agent.
It can be really helpful because the training for an EA is conducted and tested by IRS itself so you can be free of worries when an agent is guiding you through your audit by IRS.
It must be kept in mind that to become an EA you have to go through long term training and a lot of different formalities.
The designed process for the training of an EA is much more sophisticated than of an un-enrolled preparer.
One must not forget to continue studies and other aspects of life along or after this training.
It is also very important to complete at least 24 hours of continuing education each year to maintain their licenses, which are renewed every three years.
So you see it is not very easy to become an enrolled agent and at the same time it's also not easy to maintain the EA license.
Now let's discuss the main issue we have with such agents.
Fee of an EA is a matter to which we re mainly concerned about.
The reason is that we are hoping the best benefits from them and they are expecting their good amount of fee for it.
Their price falls somewhere in between the price of a preparer and a certified public accountant.
Let's say you need some professional legal advice, a representation and nothing more so an enrolled agent can provide you with his expertise in a reasonable cost.
However as we all know when the scope of service increase the amount of their fee also increases.
The main difference between enrolled agents and CPAs and attorneys is that EAs work exclusively in the field of taxation, which makes them more likely to stay attuned to the latest tax developments.
If we closely observe we see that not all CPAs and attorneys do what all Enrolled agents does.
You can trust an EA to prepare for your tax returns including simple to complex forms, tax planning, representing you in audits and to keep the IRS off from your tail.