Bookkeeping

Enrolled Agent EA Salary Guide

enrolled agent pay

This may include responding to IRS communications on behalf of their client, appealing a ruling, or assisting with an audit. As a federal designation, EAs can practice anywhere in the US https://www.bookstime.com/articles/managerial-accounting without limitations as to who they can represent or which type of tax matters they can handle. All score values above passing indicate that a candidate is qualified — not how qualified.

Employment Opportunities for Enrolled Agents

You will also receive diagnostic information which may indicate areas of weakness in your performance where you may need continuing education. The average enrolled agent salary in the United States is $35,171. Enrolled agent salaries typically range between $22,000 and $54,000 yearly. If you don’t currently have the IRS experience to become an enrolled agent, you’ll need to pass the EA exam. The EA exam was designed to produce only the most qualified and competent enrolled agents. But fortunately, you can prepare to pass by utilizing an EA review course.

enrolled agent pay

How many questions are on each part of the examination? (reviewed Oct. 19,

On the other hand, if you are interested in accounting practices that have nothing to do with taxes, such as auditing, then the CPA option may be best. A financial advisor can help you maximize the tax efficiency of your investments and assist you in creating and carrying enrolled agent salary out a long-term plan. You must fulfill certain requirements to keep your hard-earned Enrolled Agent designation active and in good standing. The first step in how to become an Enrolled Agent is applying for and receiving your Preparer Tax Identification Number (PTIN).

enrolled agent pay

Average Base Salary

You will be provided scratch paper and pencils at the test center and you are not allowed to leave the testing room with notes taken during the examination. The other way to become an enrolled agent is by having enough IRS experience. According to the Treasury Department guidelines, you must have at least 5 years of active, continuous service in order to become an EA. Big cities have more job opportunities and a larger pool of skilled workers, but they also typically have a higher cost of living, so location isn’t everything. If you dislike the cold and aren’t comfortable in a big city, you don’t have to live in New York or Chicago to make a living as an Enrolled Agent.

enrolled agent pay

  • On the other hand, the actual range is between $52,472 and $73,149.
  • Circular 230, current and prior year versions of IRS publications, forms and instructions are accessible online at IRS.gov.
  • The size of the company and the scope of your responsibilities also affect your earnings.
  • Furthermore, when you consider the lack of an upper limit on your earning potential, the idea of self-employment becomes very attractive.
  • Being better prepared for the test experience will allow you to perform better the day of your test.

What’s more, when an enrolled agent runs a small agency or brokerage that offers complete, specialized tax solutions for its clients, she can expand her earning potential even more. And, enrolled agent salaries are on the rise at larger firms and corporations, too. So, if you’re just starting out as an enrolled agent, you can expect to make somewhere between $30,000 and $40,000 annually. Chicago’s median salary for enrolled agents is actually lower than that of the rest of the country, according to Payscale’s data.

  • Typical EA responsibilities include representing business or individual clients in tax audits, tax appeals and tax collections.
  • EAs can also represent any tax matter, as well as appeal to any office of the IRS.
  • On the other hand, if you are interested in accounting practices that have nothing to do with taxes, such as auditing, then the CPA option may be best.
  • According to Indeed.com, over half of the enrolled agent jobs in Atlanta pay more than 6 figures.
  • While that number is large, most of those firms are small agencies that handle relatively few clients compared to the big competition.

They could be specifically licensed as auditors, financial planners, corporate and executive accountants and tax consultants. So CPAs could assist in all accounting, tax and financial services for the businesses, individuals and other organizations they may represent. At Becker, we’re committed to championing your career and advancing your success. This includes not just the information on how to become an Enrolled Agent, but the support to pass the SEE and maintain your credential. Get ready for Becker’s complete EA exam review course and EA CE subscription package—both coming soon!

Enrolled Agent salary by year

  • When deciding between an EA or a CPA, you will see that both types of professionals are well-qualified.
  • In addition, the average enrolled agent salary at companies like Smoker Craft Boats and Independent Health are highly competitive.
  • Review a breakdown of entry level salary expectations by state here.
  • EAs could help you work through an IRS audit or a collection problem, and they can also perform bookkeeping services that could be useful for businesses when preparing tax returns.
  • The main service that distinguishes an enrolled agent from others is the ability to represent taxpayers.
  • It’s really a personal choice what size company you want to work for, but you should consider benefits that can affect your quality of life.

Enrolled Agent Salary

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