My Journey to Becoming an Enrolled Agent

⭐️Studying tax law and passing the exams are the key steps to becoming an Enrolled Agent.

🎓Enrolled Agent status is a professional distinction that sets you apart from other tax professionals.

💰The cost of becoming an Enrolled Agent includes exam fees and obtaining a Preparer Tax Identification Number (PTIN).

📚The study material for the Enrolled Agent exams is comprehensive and covers individual and business tax law.

✅Taking your time to study and understanding how tax law applies to real-life situations will increase your chances of passing the exams.

What is the cost of becoming an Enrolled Agent?

—The cost includes exam fees (around $315), obtaining a Preparer Tax Identification Number (PTIN) ($50), and getting an Electronic Filing Identification Number (EFIN) ($10).

What are the requirements to become an Enrolled Agent?

—To become an Enrolled Agent, you need to pass all three parts of the Enrolled Agent exam, obtain a PTIN, and pass a background check.

How long does it take to become an Enrolled Agent?

—The length of time to become an Enrolled Agent varies depending on how much time you can dedicate to studying. On average, it may take several months to a year.

What study materials are recommended for the Enrolled Agent exams?

—There are several study guides and courses available for the Enrolled Agent exams, including the Enrolled Agent Complete Guide book.

Is it worth becoming an Enrolled Agent?

—Yes, becoming an Enrolled Agent offers various benefits, including professional recognition, higher earning potential, and the ability to represent clients before the IRS.

00:01Introduction and background information about the video creator.

00:30The initial interest in becoming an Enrolled Agent and the decision to start a tax business.

02:30The process of studying for the Enrolled Agent exams and the resource used: Enrolled Agent Complete Guide.

05:00Taking and passing the individual tax law and representation parts of the Enrolled Agent exams.

07:00Struggling with and eventually passing the business tax law part of the Enrolled Agent exams.

09:00The cost associated with becoming an Enrolled Agent, including exam fees, obtaining a PTIN, and getting an EFIN.

11:00Advice for aspiring Enrolled Agents, including taking your time to study and relating tax law to real-life situations.

13:00Offering assistance and support for aspiring Enrolled Agents through coaching and a community.