Tuesday, September 1, 2009

Tax Professional Licensure

If you are ever interested in knowing more about becoming licensed as a tax professional, the two many certifications you would want to look into would be the CPA (Certified Public Accountant) or the EA (Enrolled Agent) licenses.

Everyone that is familar with accounting has heard of a CPA at some point in their lives. Certified Public Accountants are far more socially acknowledged than an Enrolled Agent. However, both certifications carry very similar rights and responsibilities. The CPA license is designated by the AICPA (American Institute of Certified Public Accountants) whereas the Enrolled Agent license is designated by the United States Government. Enrolled are licensed by the government acknowledging that there are certified tax preparation specialists with expertise in tax planning, financial planning, and legal representation. The difference between the two certifications is that the CPA seemingly hold a much higher prestige than the EA and thus has much stricter requirements for becoming licensed.

To view the requirements for both the Certified Public Accountant license and the Enrolled Agent license visit www.irs.gov

No comments:

Post a Comment