Know everything about US Enrolled Agent exam?
An Enrolled Agent is a federally authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the US Department of the Treasury to represent taxpayers before the IRS (Internal Revenue Service).As an enrolled agent you will be able to prepare tax returns, represent clients before IRS, have unlimited representation rights, appeal for clients in front of IRS and advice clients on tax implications based on their business transactions.
The EA Exam is made up of three parts - focusing on Individuals, Businesses and Representation, Practices and Procedures. Each section of the Exam is 3.5 hours long, and covers a range of question types.
The Enrolled Agent examination consists of 3 separate exams:
EA PART 1 - INDIVIDUALS
Preliminary Work with Taxpayer Data - 17 questions
Income and Assets - 21 questions
Deductions and Credits - 21 questions
Taxation and Advice - 14 questions
Specialized Returns for Individuals - 12 questions
EA PART 2 - BUSINESSES
Business Entities – 28 questions
Business Financial Information – 39 questions
Specialized Returns and Taxpayers – 18 questions
EA PART 3 - REPRESENTATION
Practices and Procedures – 25 questions
Representation before the IRS – 24 questions
Specific Types of Representation – 19 questions
Completion of the Filing Process – 17 questions
Despite popular opinion, the EA exam will never ask you to fill out a tax form. Instead, you will put your mastery of tax law to the test as you apply it to a variety of circumstances.
There are three types of multiple-choice questions on the exam :
1) Direct Questions
2) Incomplete Sentences
3) All the following Except
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