Content
After successfully passing the exam, both professionals have to pay their respective licensing fees, which are priced at $140 for EAs and $175 for CPAs. Former employees of the IRS with five years of experience ea vs cpa can become enrolled agents without completing the Special Enrollment Examination. As audits became more frequent, they moved from mere tax preparations to representing taxpayers before the IRS.
They must abide by the specifications of the Treasury Department’s Circular 230, which provides the guidelines governing enrolled agents. With the US Taxation course in India, one can explore a career in Big 4, US MNCs, and CPA tax accounting firms. Our USA Taxation Online Classes simplifying career growth in accounting with specifically designed study material, thousands of MCQs, and real-time US tax preparation, etc. When do the services of a CPA come in handy over those of an EA? What are the differences between each of these tax representatives? As a Certified Public Accountant, you have a much wider range of job opportunities.
What is an EA or Enrolled Agent?
To become a CPA a person must take 150 hours of public accounting courses, typically done at a college or university. CPAs help clients set and achieve financial goals through money management and financial planning. These goals could include anything from putting a down payment for a home to opening a new branch of business across the country. In other words, a CPA is the go-to if you’re looking for a broad scope of expertise.
This article will help you decide not only what professional tax preparer you need but also how to test if the tax professional you pick is competent. Tax services are offered through Weinbauer Financial Group. Berthel Fisher & Company Financial Services, Inc. and BFC Planning do not offer tax or legal advice. IRS Enrolled Agents are required to understand not only the complexity of today’s tax code and how it applies to you, but also how constant changes affect your liability. Former IRS employees who dealt with tax issues for at least five years need not take the SEE. The Certified Public Accountant license is a state-level credential offered by each State Board of Accountancy.
Special Enrollment Exam (EA Exam) vs CPA Exam
Login details for this free course will be emailed to you. If you have worked with the IRS formally, hold technical expertise related to taxation and have ensured ethical conduct, you can become an EA. You’ll want to seek out an EA for any and all tax-related issues.
Does EA make more than CPA?
EA vs CPA: Salaries
CPAs generally earn more than EAs, but that could vary depending on where you fall on the career ladder. An EA with many years of experience could earn more than a CPA who is only in their first year or two in practice.
Why EA is better than CPA?
EAs and CPAs are both knowledgeable, experienced professionals who are required to maintain high ethical standards. The primary difference between an EA vs CPA is that EAs specialize in taxation, and CPAs can specialize in taxation and more.
