Tax Preparation - Advanced (Enrolled Agent)

Offered Spring 2024

This course will be offered in a live, "real-time" online format using Zoom. The course will be held at the same date and times as indicated in the schedule. You will be able to take the courses using any type of device that has internet access: PC, Mac, tablet, even a smartphone.

Enroll Now!

IRS ENROLLED AGENT

An enrolled agent is a person who has earned the privilege of practicing,  that is, representing taxpayers before any office of the Internal Revenue Service.  An enrolled agent can negotiate with the IRS during examination and appeals, and act in place of a taxpayer signing consents and executing agreements on their behalf.  An enrolled agent is the only professional granted a right to practice directly from the U.S.  government.  An enrolled agent is considered a tax specialist, which sets them apart from attorneys or CPAs who do not always specialize in taxes.

Benefits of Becoming an Enrolled Agent:
• IRS Examinations are up over 100% - According to enforcement results published by the IRS in 2009, examinations of individual returns increased over 100% since year 2000.
• Growing need for representation - With IRS enforcement activities on the rise, there is a growing need for enrolled agents who can assist taxpayers in dealing with IRS collection activities.
• Unlimited Earning Potential, Enrolled Agent Salary - You control your career. Why wait for someone to hire you? You can start your own business with unlimited earning potential.
• Recession proof career - Income taxes are not going away anytime soon. Competent representation is hard to find, and the enrolled agent designation can help you reach the pinnacle of your profession by allowing you to offer a wide range of services beyond just tax preparation.
• Expand your financial practice - If you are a financial planner already in the business of advising clients, an enrolled agent designation can provide you with an opportunity to offer additional services.
• Credibility - The credibility you gain as an enrolled agent can help you command higher fees than others who have not demonstrated their competence.
• Increased Expertise - Becoming an enrolled agent will improve your knowledge about the various rules and regulations and can help make you a better tax practitioner

Requirements for Enrolled Agents: 
• An enrolled agent (EA) does not need a college degree; rather they must demonstrate special competence in tax matters by passing all three parts of the IRS Special Enrollment Examination. An Individual with 5 years of relevant employment with the IRS may apply for enrollment to become a tax agent (EA) without taking the exam. 

• The EA Exam. Officially known as the Special Enrollment Examination (SEE) is a three-part exam administered by Prometric on behalf of the Internal Revenue Service.  Each part is taken as a separate 100 question EA exam and you will have 3.5 hours to answer all questions for that part.  A candidate may re-take each part up to four times each testing period.

Course Description
the course will be offered as live online classes and provide students with a high quality alternative to the mass market review programs at an affordable price.  The advantage to this study is outstanding, experienced faculty comprised of top-rated accountants and former IRS agents who can share true situational experiences on how to prepare for presentation before the IRS.  Molloy University uses the materials offered by Gleim Academy Exam Study Guide which includes:

- Free Online questions
- Simulated Practice Exams
- Performance Measurements
- The following three areas of study are covered:
    • Part 1 Individuals
    • Part 2 Businesses
    • Part 3 Representation, Practice and Procedures

Part I - INDIVIDUALS
This course covers various topics when filing an individual tax return. Topics include: Filing Information, Gross Income, Depreciation and Basis, Gains and Losses, Items Excluded from Gross Income, Adjustment to Gross Income, Standard and Itemized Deductions, Tax and Credits and Estate Tax and Gift Tax.

Part II - BUSINESSES
This course covers the major topics when filing business returns. Topics include: Business Entities, Business Taxation, Business Property, Corporations, Partnerships. Retirement Plans, Specialized Returns.

Part III - REPRESENTATION, PRACTICES, AND PROCEDURES
This course covers the interactions between the Enrolled Agent, the Client and the IRS Agent.  Topics include: Preparing Returns, Practice Before the IRS, Representation Before the IRS. Tax Law.

Please note that this course is designed for someone who is already preparing tax returns for a fee. It is not a tax preparation course. While it is possible to become an Enrolled Agent without any prior background, it would be very difficult to do so.

Instructor:   

Location
The course will be offered online through Zoom.

Schedule

The course is offered once a year, in the spring, generally from May-June. The following is the upcoming schedule:

All 3 Parts: Part I- Individuals, Part II-Business and Part III- IRS Practice
6 Saturdays: June 1, 8, 15, 22, 29 and July 6, 2024 (Saturday, July 13 is a make-up for those that cannot make the July 6 class); 9:00 am to 12:00 pm and 1:00 pm to 4:00 pm  (lunch break is from 12-1 p.m.)

Registration and Tuition

If you would like to register for the course the deadline to register is May 15th, This is to insure enough time for you to get the textbooks, Zoom link and online materials for the course. 

Online registration is available by clicking here.  You will be able to pay for your classes online by ACH check or by MasterCard, Visa or Discover credit card. If you pay by credit card there will be a fee of 2.75% for domestic cards and 4.25% for international cards added to the tuition. You can avoid the credit card fee by paying with a check online.

Phone in registration is available by calling 516.323.3550 with your MasterCard, Visa or Discover credit card. There will be a credit card fee of 2.75% for domestic cards and 4.25% for international cards added to the tuition.

Confirmation of your registration will be emailed to you upon receipt of your registration. Your Zoom link will be emailed to you shortly before the start date of you class if it was not included in your confirmation.

Tuition (including Gleim materials):

All Three Parts: $1,599

Tuition (students have Gleim materials):

Please note that you need the Gleim materials to participate in this course. This tuition rate is only for those students who purchased the Gleim materials previously)
All Three Parts: $1,100 (no materials, instruction only)

Continuing Education

Molloy University is an approved provider by the IRS to provide continuing education for Enrolled Agents. The Enrolled Agents course is approved for 27 CEUs for Enrolled Agents (3 hours Ethics, 6 hours Federal Tax Law Update and 18 hours Federal Tax Law Topics/Federal Tax Related Matters).

Free Seminar: "How to Become an Enrolled Agent"
As a tax preparer, would you like to know how to build your business and professional status? If so, attend our free seminar, "How to Become an Enrolled Agent" on Thursday, April 25, 2024; 6:30-8:00 p.m., online through Zoom (the link to the Zoom session will be sent to you shortly before the seminar) . An Enrolled Agent is a tax professional who has earned the privilege of representing taxpayers before the Internal Revenue Service. Our seminar leader, Torie Charvez will explain the benefits of becoming an enrolled agent, the educational requirements and the three-part Special Enrollment Examination (SEE) you will need to take. While the seminar is free you must register to reserve space in the online session and to receive the link to the session. Online registration is available by clicking here.  Phone in registration is available by calling 516.323.3550. 

Questions? 
For questions regarding the course, course schedules or registration, call 516.323.3550 or e-mail conted@molloy.edu.