How hard is IRS enrolled agent exam?
The most difficult test for most candidates is Part 2 (Businesses). Only about 60% of exam takers have passed this part in the past three years. Part 1 of the exam (Individuals) is also challenging; approximately 75-80% of exam-takers have passed this part of the exam in the past three years.
How many exams does an enrolled agent have?
three
An enrolled agent, to be considered a tax expert, must “demonstrate a special competence in tax matters” by passing three separate exams to become an enrolled agent.
How much does the EA exam cost?
EA Exam Testing Fee The EA exam testing fee is $181.94. You must pay this fee when you schedule the Enrolled Agent exam at a Prometric testing center. Prometric accepts MasterCard, Visa, American Express, and electronic checks.
How do I prepare for EA test?
Enrolled Agent Exam Prep Tips
- Know the Steps to Become an Enrolled Agent.
- Get Familiar With the Enrolled Agent Exam.
- Find an EA Review Course.
- Schedule Your Exam Early.
- Start Studying Early.
- Create a Study Plan and Stick to It.
- Budget in Non-Study Activities.
- Do Practice Exams and Learn How to Budget Your Time.
How do I study for the EA exam?
6 Tips for Passing the Enrolled Agent Exam (On Your First Try!)
- Get a Review Course Specifically for the Enrolled Agent Exam.
- Be Aware of Any New Material.
- KNOW the Fundamentals.
- Memorize Basic Tax Formulas.
- Get Familiar with Prometric’s Exam Day Expectations.
- Learn to Budget Your Time (And Learn When to Move On)
Is becoming an enrolled agent worth it?
Individuals who are considering a new career path may find that becoming an enrolled agent is the right choice. Offering excellent job security and the opportunity to have jurisdiction throughout the United States, the position of enrolled agent can provide a good salary along with a rewarding career.
How much does an IRS enrolled agent make?
Common Enrolled Agent Salary Ranges in the United States
| Enrolled Agent Level | Salary |
|---|---|
| Entry Level | $23,000 |
| Mid Level | $37,000-$50,000 |
| Senior | $66,000-$127,000 |
How long does it take to study for EA?
Number of EA Exam Study Weeks
| Exam Part | # of Study Hours | 10 Hours/Week |
|---|---|---|
| 1 | 80-100 | 8-10 weeks |
| 2 | 80-100 | 8-10 weeks |
| 3 | 60-80 hours | 6-8 weeks |
| Total | 220-280 hours | 22-28 weeks |
How hard is it become an Enrolled Agent?
Depending on your tax knowledge, becoming an enrolled agent can take 3-8 months . You may hear some enrolled agents boast that the EA exam is easy and they passed it in just a few weeks. Yet, the reality is that most candidates are not able to pass in 1 month. You may need more than 1 month or even more than 1 year to pass.
How can I become IRS enrolled agent?
Another way to become an enrolled agent is by having IRS experience. Past service or technical service with the IRS is considered acceptable. If you choose to go this route, you must meet the following 3 requirements: Must have past experience and technical service, as specified in Circular 230.
What are the benefits of being IRS enrolled agent?
Unlimited Representation before the IRS. The U.S.
How can I find an Enrolled Agent?
You can easily locate an enrolled agent in your area by visiting the “Find a Tax Expert” website taxexperts.naea.org and searching by location or specialty. You might also want to check in your local yellow pages under “Tax Preparation,” and look for the phrase “Enrolled Agent,” “Enrolled to Represent Taxpayers…