Enrolled Agent Average Salary Prospects 2023

Once you get your first job, experience starts to include actual time working in the industry and your accomplishments at work. According to a recent search on Indeed.com, over half of the Enrolled Agent jobs in Atlanta pay more than 6 figures. Therefore, the EA salary range in that city is a little lower, with the average salary about $38,197  to $55,306. Enrolled Agents in Charlotte also earn less than the national average at about cash flow $42,295.

For Larger Enterprises and Complex Accounting Needs

• Current job postings in Chicago reveal an EA salary range from around $55,000 per year to over 6 figures.
• According to a recent search on Indeed.com, over half of the Enrolled Agent jobs in Atlanta pay more than 6 figures.
• An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service.
• There’s just this huge rise in self-employment going on, which is creating more and more tax debtors every single day.
• You need a license to be able to help somebody with an offer in compromise, to be able to correspond with the IRS and work out a payment plan.
• Minimum starting fees for tax problem resolution engagements often start at $2,500 or $3,000 just to start working with somebody that has a tax problem that needs to be resolved.

After two years of employment, mid-level enrolled agents generally make between an Enrolled Agent salary of $50,000 to $55,000. Internal revenue agents at the senior level can make a respectable living in the accounting industry. Is there any other enrolled agents or tax preparers who could give me some advice on where they work or other places I should apply? I have always worked in person, I am looking for a remote job if possible. According to the 2024 Robert Half Salary Guide, hiring trends in accounting How to Invoice as a Freelancer and finance continue to favor the job candidate.

• To become an EA, candidates must pass all three parts of the EA exam within a rolling two-year period.
• So let me briefly recap why I told you it’s going to be a brief video on why to become an enrolled agent.
• They will tend to think that it’s your job as a business owner, if you are a business owner, to take care of any of those issues that come up with the IRS.
• The biggest distinction is the that scope of a CPA is much broader than that of an EA, as an EA only really handles tax matters, while CPAs can do general accounting and finance related tasks.
• If you’re considering a career in accounting or finance, you may be curious about how much money Enrolled Agents make.

Average Salary

In the right area, and with the right book of business, an Enrolled Agent can do quite well working in self-employment. Best of all, you can set your own schedule, work across the United States, and take on as many clients as you can keep. In the Pacific Northwest, where tech and trees reign, Seattle Enrolled Agents earn anywhere from $49,275 and $68,692. However, San Francisco residents in Enrolled Agent positions earn a median income of $54,504, which is well above the national number. Of jobs posted in the city by the bay, nearly half pay above $125,000 annually. Moving down to Southern California reveals EA salary numbers that are as sunny as the beaches.

How Can You Find More Clients?

So, to determine how lucrative a career as an Enrolled Agent can be, use this information to learn more about the Enrolled Agent salary. Using the right study plan and exam prep materials will significantly increase EA exam pass rates. With the ever-evolving landscape of taxation in the U.S. and increasing IRS scrutiny, the demand for knowledgeable tax experts is unlikely to wane.

What is the eligibility of EA?

• The current Enrolled Agent salary range for an IRS Internal Revenue Agent is $40,000 to $130,000 per year.
• As a self-employed individual, your earnings potential is largely determined by the amount of work you put in and your ability to attract and retain clients.
• Therefore, you have 10.5 hours to answer 300 questions to pass the SSE Exam.
• For example, a small agency that specializes in escrow accounting may not need an Enrolled Agent.
• They also work for some of the most well-respected corporations in the country.

And, Enrolled Agent salaries are on the rise at larger firms and corporations, too. So, if you’re just starting out as an Enrolled Agent, you can expect to make somewhere between $30,000 and $40,000 annually. EAs are federally-licensed tax professionals who are specifically licensed by the IRS to represent taxpayers before the federal government. The role of an Enrolled Agent primarily revolves around tax matters like tax returns, tax planning, and representing taxpayers in IRS office reviews or audits. Enrolled Agents are also well-versed in tax-related issues like determining tax liability and providing tax advice. They are typically adept in preparing tax returns enrolled agent salary and can represent taxpayers before the IRS.

How Long Does It Take to Pass the EA Exam?

Therefore, you have 10.5 hours to answer 300 questions to pass the SSE Exam. All three components of the EA exam have very high success rates. The pass rate is between 70% and 74%, even when the average of the three components is considered.

I just did an interview with Intuit the pay offered was $21 per hour. This seems extremely low for an enrolled agent with my experience? 70s Actually, this would be a pay cut from what I made as a regular tax preparer. Tax managers handle all the tax reporting and compliance with local, state, and federal tax laws for an organization. While this position is commonly filled by a CPA, the Enrolled Agent designation is a great way to secure your tax specialization.