It was hard enough passing the EA exam the first time ('83) to put myself through any kind of test under current tax law and risk exposing my weaknesses all over again in a new exam, regardless of the status obtained. For the little extra effort to maintain my EA it seems like a no brainer...............
Just because you don't want to do various types of work is no reason to drop your EA. You are the one picking your clients.
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Just Curious!
A lot of people asking the same question are indeed researching it. This forum is one way of researching, isn't it? There are several places to check, but none seem to have any absolute answers yet (not even the IRS) .
I know one of the reasons I may take the test is because I am retired and do taxes because I love doing them. I only prepare individual and small business returns and don't wish to do corp's, etc (I used to do them, but don't now).
I have never had any of my clients have an audit (35 yrs). Therefore, I feel I can do the same amount of returns without having to complete as many CPE's. I do review a lot of archives to keep up on everything, and attend at least a 2 day seminar per year. I speak to a lot of EA's and a lot have the same feeling as I do. People just don't recognize the advantage of the EA vs a RTRP. The wording of a "registered tax return preparer" is easier to understand than "enrolled agent" for people looking at advertisements. My clients are not the "high end" clients. Most of my clients live in a small town that are low to middle wage earners (and I like it that way.). Several are high end wage earners.
Everyone has their own reasons for wanting to take the test. Some EA's want to take it in order to add another title to their name. I am not that person.
I wanted to know if anyone had the answer to my question. I don't want to be negatively judged on why I would want to take the test because I am an EA. I am weighing my options and am looking into this subject as are many others. ThanksLeave a comment:
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Lots of chatter about this all over tax prep boards
Mostly because the # RTRP's is projected to way surpase the # of EA's.Leave a comment:
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Ea
Their EA would be valid still, I think. But, without knowing for sure, why would any EA take the RTRP exam? If you know of some people thinking about this, then why don't you all research your question before it happens!Leave a comment:
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EA Failing RTRP Test
Does anyone know what would happen if an EA took the RTRP test and failed? I would think that person would not be able to prepare 1040 taxes because the IRS goes by the PTIN to allow/disallow someone without qualifications from preparing taxes. I know some people who are as EA are planning on taking the RTRP test. Hopefully, it will go well for them if the above is the case. I know some may say that if they fail, they shouldn't be doing taxes anyway, but I am sure there are many many preparers that may not do well on testing and many that are CPA's and EAs are in that category. Any responses?
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