Enrolled Agent (EA)
What it is:
How it works (Example):
To become an EA, a person has to pass a three-part comprehensivetest of individual and business tax returns or be a former employee with appropriate experience. To maintain the credential, EAs must obey ethical standards and complete 72 hours of continuing education every three years.
The EA designation is the highest one the
Why it Matters:
EAs and other tax advisors might help a client structure his assets such that his estate are lower. They might help a company organize itself so that its shareholders pay less in taxes or so that an acquisition does not generate a large tax liability.