Friday, 10 November 2017

Top Tips On How To Become An Enrolled Agent

By Maria McDonald


Established tax preparers make lots of money every year by representing all sorts of taxpayers. If you are planning to join them, there are certain things that you have to do. In this article, top tips on how to become an enrolled agent are discussed.

Obtain the minimum requirements. Generally, you can work as a tax preparer once you have a high school diploma. This means that you do not have to have an associate degree to thrive within the industry. However, it is important to work on acquiring certain skills right from high school. Any good tax preparation expert should have strong mathematics and basic computer skills. Additionally, they need to be good at customer service.

Seek additional training. You should not fee contented with your high school diploma, but seek additional training. The national Association of Tax Professionals provides various training programs that you will find valuable. From the courses they offer, you will learn a lot of things that will help you in your roles. For example, the organization usually offers training in tax calculations, exemptions, taxpayer interviews etc.

Go for higher education. If you have plans to advance your career, getting a degree will be important. Acquiring higher education will put you on the path to a more rewarding career as Tax Attorney, Certified Public Accountant or licensed tax accountant. Obviously, acquiring any of the statutes requires investing a lot in higher education. However, the amount of money you will spend is nothing compared to benefits your will reap.

Once you have the required qualifications, it is critical to get certified. This basically involves seeking to meet the requirements set by both the federal and state agencies. The first thing to do here is to apply for a Prepare Tax Identification Number. To do this, you will need to submit certain documents that include your social security number and previous tax return.

Become a licensed agent. You can only achieve this status after demonstrating that you are competent as tax preparer. There are various ways through which you can achieve this. First, you can choose to work for the Internal Revenue Service for a given period of time. Additionally, you can pass the Special Enrollment Examination. Alternatively, you can apply for the status online.

Once you have been enrolled, you can begin looking for work opportunities. To get the necessary experience. You can begin by working for any reputable tax preparation service. You can then use your time with them to acquire the additional skills and experience that you need in the industry. Once you have gathered such, you can then look for another work opportunity or branch out as an independent practitioner.

If you decide to start your own firm after gathering the necessary experience, you will need to market your services aggressively. You can start doing this through spreading the word on what you do to your family members and friends. Additionally, you can attend various networking events where you could meet with potential clients.




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