Enrolled Agent (EA)
Course Features
- Regular Doubt Solving Sessions
- Placement Assistance
What You Will Learn
- Master Federal Tax Regulations
- Prepare Diverse Tax Returns
- Navigate IRS Procedures
- Represent Taxpayers Effectively
- Apply Tax Planning Strategies
- Pass the SEE Exam
Who Should Enroll
- Accounting & Finance Professionals
- Tax Preparers
- Bookkeepers
- Recent Graduates
- International Professionals
- Anyone seeking a career in US taxation
Syllabus
Part 1: Individuals
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Structure
Modules
Contents
Module 1: Preliminary Work & Filing Requirements
Engagement letter, due diligence, filing status, dependents.
Module 2: Income
Wages, interest, dividends, business income (Schedule C), capital gains/losses, passive activities, rental income, pensions, social security.
Module 3: Deductions & Credits
Above-the-line deductions, itemized deductions (Schedule A), tax credits (e.g., child tax credit, education credits).
Module 4: Basis, Gain & Loss, Property Transactions
Basis calculations, sales of assets, like-kind exchanges.
Module 5: Tax Computation & Tax Credits
Tax rate schedules, alternative minimum tax (AMT), various tax credits.
Module 6: Specialized Returns & Taxpayers
Non-resident aliens, divorced taxpayers, deceased taxpayers.
Part 2: Businesses
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Structure
Modules
Contents
Module 1: Business Entities & Concepts
Sole proprietorships, partnerships, C corporations, S corporations, LLCs.
Module 2: Partnerships
Formation, operations, distributions, basis, liquidation (Form 1065).
Module 3: Corporations (C & S Corps)
Formation, operations, distributions, liquidations (Forms 1120, 1120-S).
Module 4: Trusts & Estates
Types of trusts, estate tax, income tax of trusts and estates (Form 1041, Form 706).
Module 5: Exempt Organizations
Types of tax-exempt organizations (Form 990).
Module 6: Retirement Plans
Qualified vs. non-qualified plans, IRAs, 401(k)s.
Part 3: Representation, Practices & Procedures
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Structure
Modules
Contents
Module 1: Practices & Procedures
Power of attorney, taxpayer identification numbers, filing requirements.
Module 2: Representation before the IRS
Audit process, appeals, collections, innocent spouse relief.
Module 3: Specific Appeal Procedures
Offer in compromise, installment agreements.
Module 4: Penalties & Refunds
Underpayment penalties, accuracy-related penalties, claims for refund.
Module 5: Ethical Considerations
Circular 230, due diligence, professional conduct.
Module 6: Compliance & Recordkeeping
Record retention requirements, information reporting.
Instructor:
- Instructor Rating: 4.8/5
Frequently Asked Questions
EA
EA FAQs
Q: What is an Enrolled Agent (EA)?
A: An Enrolled Agent is a tax professional authorized by the U.S. Department of the Treasury to represent taxpayers before the IRS. EAs advise, represent, and prepare tax returns for individuals, partnerships, corporations, and any entities with tax-reporting requirements.
Q: What are the prerequisites for enrolling in the EA course?
A: There are no educational prerequisites to become an Enrolled Agent. You simply need to pass the Special Enrollment Examination (SEE) and a background check.
Q: How long does it take to complete the EA course and pass the exam?
A: The study duration varies per individual, but most students complete the course and pass all three parts of the exam within 6 to 12 months, dedicating 10-15 hours of study per week.
Q: Is the EA exam difficult?
A: The EA exam is challenging but highly passable with dedicated study. Our course is designed to cover all topics thoroughly and provide ample practice to ensure you are well-prepared.
Q: What career opportunities are available after becoming an EA?
A: EAs can work in various roles, including tax preparers, tax consultants, tax auditors, or even start their own tax practices. They are highly sought after in public accounting firms, corporate tax departments, and financial institutions.
Q: What is the format of the Special Enrollment Examination (SEE)?
A: The SEE consists of three separate parts, each a computer-based, multiple-choice exam. You can take the parts in any order and do not have to pass all parts at once.
Q: How often are the course materials updated?
A: Our course materials are regularly reviewed and updated to reflect the latest changes in IRS regulations and US tax laws, ensuring you always have the most current information.