How to Level Up Your Tax Business and Become an Enrolled Agent

📚Studying is crucial to becoming an enrolled agent and requires going through IRS publications and using study materials like Fast Forward Academy.

🖋️Obtaining a Preparer Tax Identification Number (PTIN) is necessary to register as a tax preparer and take the enrolled agent exam.

🗓️The enrollment period for the enrolled agent exam is from October 15th to December 31st each year, so plan accordingly.

💼Becoming an enrolled agent opens up endless opportunities for your tax business and can greatly enhance your income and expertise.

📝Registering for the exam with Prometric allows you to take the exam in three parts: individual, business, and representation.

What are some study resources recommended for aspiring enrolled agents?

—Recommended study resources include IRS publications, such as Publication 17 and Publication 334, as well as study materials from Fast Forward Academy.

How often do I need to renew my Preparer Tax Identification Number?

—The Preparer Tax Identification Number (PTIN) needs to be renewed annually, with the enrollment period opening from October 15th to December 31st.

Can I take the enrolled agent exam in parts or do I have to take it all at once?

—You can take the enrolled agent exam in three parts: individual, business, and representation. These parts can be taken separately on different dates.

What are the benefits of becoming an enrolled agent for my tax business?

—Becoming an enrolled agent opens up endless opportunities for your tax business, including enhanced expertise, increased income, and more career opportunities.

What is the registration process for taking the enrolled agent exam?

—To take the enrolled agent exam, you need to register through Prometric, a company that proctors exams. They have specific enrollment periods, so make sure to register within that timeframe.

02:39Studying is essential to becoming an enrolled agent, and recommended resources include IRS publications and study materials from Fast Forward Academy.

06:14Obtaining a Preparer Tax Identification Number (PTIN) is necessary to register as a tax preparer and take the enrolled agent exam.

08:49The enrollment period for the enrolled agent exam is from October 15th to December 31st each year, so plan accordingly.

13:46Becoming an enrolled agent opens up endless opportunities for your tax business and can greatly enhance your income and expertise.

16:01Registering for the exam with Prometric allows you to take the exam in three parts: individual, business, and representation.