Quiz & Worksheet IRS Enrolled Agents Role

This part covers topics like business entity types, income, expenses, assets, liabilities, and tax credits. You’ll need to demonstrate your knowledge of payroll taxes and information returns. The Enrolled Agent exam is designed to test your knowledge of tax law, not your ability to outsmart the test makers. If you find yourself second-guessing an answer, chances are it’s probably correct. The Enrolled Agent exam is a multiple-choice test, which means there is always only one correct answer.

The exam is administered by the testing company Prometric at testing centers throughout the United States and many other countries around the world. PassKey Learning Systems provides a complete study program to help you learn and understand the key concepts you need to know to pass the EA exam. https://accounting-services.net/how-to-become-a-cfo-in-7-steps/ See what you know about enrolled IRS agents with this multiple-choice quiz. Topics include the people who can represent taxpayers before the IRS and the way to become an enrolled agent with the IRS. Whether you answer a real exam question or a practice question, read each question attentively.

Review Your Answers

The price varies based on many different facts such as time, location, the complexity of the task, how much you contribute yourself, and more. Oftentimes, an enrolled agent has a set hourly salary for a particular task and can also estimate how much time it will take. An enrolled agent (EA) is a tax specialist certified by the Internal Revenue Service (IRS). In order to be certified as an Enrolled Agent, EAs go through a three-part extensive exam called or must have previous experience working for the IRS for five years or more. You can receive advice and guidance from an IRS enrolled agent if you’re under investigation by the IRS. If the investigation becomes criminal, you may need the assistance of a tax attorney.

  • Additionally, they must pass a thorough background check done by the IRS.
  • In regards to tax issues, enrolled agents know not only the law, but they also know how to deal with the unique circumstances.
  • TaxMama’s® tax professionals learn to understand and serve small businesses and accounting firms.
  • Ageras’ large-scale, comprehensive network lets us find help for businesses of every size, every industry, and every corner of the country.
  • Due to the fact that EAs are federally licensed tax professionals, they are recognized by all fifty states.
  • Click below for a list of test topics for each examination part.
  • We have compiled a list of free EA Exam practice exams, resources, and study guides.

It also helps you know if you’re on the right track when you see the answers. This format makes a statement and then asks for the answer option that does not meet the criteria of the statement. Therefore, you must use deductive reasoning to determine the best answer, which, again, is the option that doesn’t satisfy the previously provided specifications. This question type may provide a sentence or two of information and end with an incomplete sentence. Alternatively, these questions may require you to select the answer that would best fill in the blank at the end of the question stem. Therefore, all EA exam questions offer 4 answer choices, and candidates are responsible for picking the best possible answer of the 4.

What makes TaxMama’s® EA Course so special?

As part of the evaluation of your enrollment application, the IRS will conduct a suitability check that will include a review of your personal tax compliance and criminal background. Please allow 60 days for processing ( days if you are a former IRS employee). If you fail an exam part, you must allow 24 hours before scheduling another appointment for that same part. However, you can schedule an appointment for a different exam part without waiting 24 hours. Scheduling is now available for an exam appointment for the May 1, 2023 – February 29, 2024 test window.

The services of an enrolled agent are especially useful if you file returns in more than one state, as they can work across state lines. Tax returns for businesses can also be prepared by an accountant or CPA, but just in the state in which they are licensed. In the event that the IRS Enrolled Agent – All Your Questions Answered IRS questions your taxes or conducts an audit, an enrolled agent can assist you. Enrolled Agents are tax professionals who manage tax advice and preparation for businesses or private entities. They are responsible for their clients’ tax audits, tax appeals, and tax collections.

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