<p>^[Enrolled</a> Agent Information](<a href=“http://www.irs.gov/Tax-Professionals/Enrolled-Agents/Enrolled-Agent-Information]Enrolled”>Enrolled Agent Information | Internal Revenue Service)</p>
<p>There are other websites too, and they use the word represent, but the correct word would probably be “testify” in court. Even then, when you have issues with IRS and the matter goes to the Tax court, your CPA or EA “represents” you. What do you say about that?</p>
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Enrolled Agent Information
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.</p>
<p>Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. Learn more about enrolled agents in Treasury Department Circular 230 (PDF)."</p>
<p>“earned the privilege of representing taxpayers before the Internal Revenue Service”- THIS CLAUSE MERELY STATES YOU HAVE THE RIGHT TO REPRESENT BEFORE IRS NOT BEFORE TAX COURT.</p>
<p>“This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.”- THIS CLAUSE INDICATES YOU ARE REPRESENTED AT AN IRS OFFICE. THIS YOUR ANSWER. AN IRS OFFICE IS NOT A COURT. ADMINISTRATIVE PROCEEDINGS HAPPEN AT IRS OFFICES. </p>
<p>No where is anything said about court. You a fine example of someone that went to a top tier college and still lacks basic reading skills. Again before you spread misinformation read up on the topic being discussed. </p>
<p>If a CPA or EA ends up in tax court most of the time it is to testify AGAINST their client. If litigation occurs and the state does not have accountant privilege then the CPA or EA can be subpoenaed and forced to discuss details in tax court that may hurt their client.</p>
<p>Dawgie, what firm do you work at?</p>
<p>EA is a joke from what I gather.</p>
<p>are you at a boston big 4?</p>
<p>Can anyone answer these questions?</p>
<p>I am able to graduate in three years but if I do that I will not be able to finish the 225 quarter units required for the CPA. So my question is should i wait an extra year to get my BA so i could finish those units or get those extra units through a masters degree in accounting.</p>
<p>Is it possible to land a job right after graduation without any work experience or extra curriculars at all? I am asking because I prefer to focus on my studies during the school year and although I am trying to find internships/jobs during the summer, I do not know if I would be able to. I know someone working at one of the Big 4 who is trying to get me a summer internship but since I do not know that person particularly well and I have absolutely no experience whatsoever since high school (I am currently in my 2nd year of college), I am not sure how that will turn out.</p>
<p>^,</p>
<p>From what I know… students get the MACC <em>mostly</em> because they cannot finish all the education requirements required for the CPA in the 4 years in undergrad. However, if you can finish the 225 in your undergrad 4 years, then why not? If you rather have the masters degree to put on your resume, then that’s fine as well… But having your CPA on your resume is what matters in the long term…</p>
<p>Of course its possible to land a job after graduation without any extra curriculars/work experience… but the big4 love to see students who can juggle schoolwork and do extra curriculars + work part time. </p>
<p>You can always find a part time job on campus, or get involved in your accounting club. Everyone has the same plate in terms of school workload in your major… but partners especially, love to see students who can sustain a decent GPA but also work 15-20+ hrs a week. They will fall in love with you more if you are involved in leadership positions in clubs and etc. </p>
<p>Its great that you have someone you know in the big 4 that is helping you out, but unless they are close with the recruiter, or they are senior+, it won’t give you too much of an edge… especially if you’re not a decent candidate on paper.</p>
<p>@rowboats, exit opportunities after big 4 are tremendous… Work life balance in the big 4? Not really…</p>
<p>I’m in my Sophomore year of school. I’ve only taken two Accounting classes namely (Principles 1 and 2) Does it make sense to apply for an internship in Accounting with only those courses (the rest were other business courses and general eds)?</p>
<p>Just wondering if anyone has any experience in auditing here, particularly big four…</p>
<p>I’m interested in accounting, but not in all aspects. I don’t find basic bookkeeping very interesting at all. What kind of tasks are auditors primarily responsible for? Are they preparing ledgers and trial balances or are they more commonly preparing financial statements? Any insight is appreciated</p>
<p>Auditors audit. They don’t prepare ledgers or trial balances or financial statements, at least not to any significant extent. Financial statements are representations of management, remember.</p>
<p>Most CPA-level accountants don’t do basic bookkeeping, unless they really enjoy that kind of work and don’t mind writing down bills.</p>
<p>Hikaru12, you’re fine to apply. You have the basics. Plenty of people apply to internships and find work with the same, or sometimes less knowledge than you have in accounting. Just make sure to keep your GPA up high so you can compete against others or against upperclassmen. Good luck.</p>
<p>@allyphoe</p>
<p>So are they just checking the work of the accountant(s) who were preparing trial balances and such? </p>
<p>I’ve only taken Financial Accounting, so I don’t know that much about accounting… Do auditors generally work with higher level accounting procedures (I’m assuming they do)?</p>
<p>Would a associate’s degree (if they exist) be possible to obtain a job in accounting? </p>
<p>What is the absolute minimum level of education in order to secure an accounting job? </p>
<p>Thanks very much for your help!</p>
<p>Additionally <em>just one more quick question</em>, I’m curious what the area(s) or types of difficulty most people may have with accounting? I know this is a relative question, because each person is different. </p>
<p>But for one who is new to accounting, are there any areas that are frequently “trouble” areas for students in terms of difficulty? And, if so, why (e.g. conceptually tough…or computationally rigorous, etc.)? </p>
<p>TYVM!!!</p>
<p>Auditors look over financial statements and the accounting procedures of their clients to ensure that they are fairly presented according to GAAP.</p>
<p>There isn’t alot of information out there about choosing a MAcc program. If you could choose between UMiami, UVA or UF, which would you choose and why?
Thanks.</p>
<p>I definitely could be wrong, but I believe it doesn’t quite matter so much where you do your MAcc because as long as the school is accredited (I’m assuming you’re going for your CPA), employers won’t care so much. Therefore, I’d say pick the school closest to where you want to work because you’ll be talking to the recruiters there.</p>
<p>I was wondering what kind of gap those regional accounting firm are require or expect…
I heard that big 4 likes to have 3.5+ for their entry level position, but what about other respected firm??is 3.2 econ major with accounting and finance classes enough in terms of gap from top40 schools?
Thank you</p>
<p>DinDune: I would definitely choose UVA over the others as long as you/your family can afford it. UVA is a fantastic school in general and you’ll be a part of the McIntire network and carry the brand of being a UVA graduate for the rest of your life. If/When you want to move to Industry, you’ll have a leg up over Miami and Florida grads in that you’ll likely have more alumni to connect with that can help you out. It’s definitely true that accounting is typically more regional in scope (i.e. even UT-Austin will send majority of it’s grads to Austin, San Antonio, Dallas, and Houston offices due to proximity), but if you do a good job at UVA and have a credible reason as to why you don’t want to live in Virginia or DC, I don’t see why you couldn’t transfer to another office. The ability to transfer to another office is true of other programs as well, but you likely will have to be more of a standout student and firms might be less likely to do so than if you attend a top-tier program. UF/Miami definitely aren’t bad schools either though, so good luck with your decision. Do what makes the most sense financially, but if you can swing it, I’d say UVA is a good choice.</p>