Complete Guide to Enrolled Agent Salary | Uplift Professionals
An Enrolled Agent (EA) is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service (IRS) by either passing a three-part comprehensive IRS test covering individual or business tax returns or through experience as a former IRS employee. Achieving “EA” status is considered the highest credential awarded by the IRS and is legally recognized throughout all U.S. states.
EAs can provide advisory services and prepare tax returns for anything that is required to report under the IRS. They include entities such as individual taxpayers, corporations, trusts, and estates. Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. Now, the question is how much an EA earns? Let us have a look at the salary an EA used to draw.
Enrolled Agents Salary in Global Perspective:
The average tax preparer’s salary is $48,564. Entry-level tax preparers make around $45,000 and can expect their salary to increase to $50,615 after gaining several years of experience. If you are looking to speed up your salary gains without making a big career change, the best thing you can do is earn a professional designation, like the EA awarded by the IRS.
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Salary of an EA at different Career Levels
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Enrolled Agents Salary in India:
Indian ITES – BPO and KPO industries like (TCS, Wipro, and Infosys) servicing the International and US Financial and Accounting domain is growing by leaps and bounds. All these firms including BIG4, require knowledgeable and skilled resources to service their US and International clients on US taxation. The average salary for an Enrolled Agent with 2-4 years’ experience is ₹450,000 (approx.) per year. A mid-career Enrolled Agent with over 5-9 years of experience earns an average total compensation of ₹706,931 based on 5 salaries.
Summary
According to the 2022 Robert Half Salary Guide Opens in new window, hiring trends in accounting firms are increasing who are looking to fill entry-level positions. Firms are especially interested in candidates with technology skills that can be applied to growing areas like cloud systems and data analysis. Managers are looking for new ideas and are prepared to provide the necessary on-the-job training to prepare new hires for success. The same is true for certified tax professionals. Hence, this is a great time to go into accounting, and becoming an EA will help you land an even bigger starting salary than you could without it.
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