In this way, what does it mean to be an enrolled agent?
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee.
Also to know, what is the difference between a tax preparer and an enrolled agent?
Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. Tax professionals with these credentials may represent their clients on any matters including audits, payment/collection issues, and appeals. Enrolled Agents – Licensed by the IRS.
What is an enrolled agent number?
855-472-5540. Website. www.irs.gov. Enrolled Agent (or EA) is a tax advisor who is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury. Enrolled Agents represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections and appeals.
Is being an enrolled agent worth it?
The higher salary potential is one of the many benefits that an EA license can provide. In the eyes of their clients, EAs are incredibly valuable because they need help understanding the complexities of taxes and how they affect their business or their individual earnings.