Discussion:How to get Part time work as an EA
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Discussion Forum Index --> Business Growth Community --> How to get Part time work as an EA
| 4 June 2008 | |
| I'm currently working on a MS in Family Financial Planning. My UG is accounting, but my Full-time job is more Job Cost than tax related. I want to end up doing individual financial counseling/planning. I'm taking the summer off from school, but thought that I could use the time to study for the EA exam and begin doing some tax prep work next spring.
So, what's the liklihood of getting, and how do I go about finding, some part-time tax prep work? I'm more interested in the experience than the money. I'll still be working full-time so I'd only be able to do evenings and weekends but figured they're all pretty busy during the season so that shouldn't matter as much. Is it realistic to think I could get some work like this with no experience, but with an EA license? (assuming of course I pass first time.) Thanks for the input. | |
| 4 June 2008 | |
| EA designation alone, without tax prep training, won't likely be enough. You need to prove that you can apply what you learned. All theory and no actual application of the knowledge to real-life situations is interesting, but not really helpful.
Best advice: also take a tax prep class or two. Perhaps you already have? | |
| 4 June 2008 | |
| For example, I give tax prep applicants (including EAs and CPAs and Master of Taxation and LLMs) a sample return to do by hand, along with the required blank forms and copies of pubs. You would be surprised (I was) at how many people with advanced degrees and credentials have no clue what to do with a capital gain/loss item, no clue whether to itemize or take the standard deduction, and no clue whether the parents should claim the college age children or not.
In my opinion, a good preparer should know the approximate outcome BEFORE inputting anything into any software. If you don't know the difference between interest income and interest expense, then I'm not going to teach you. | |
| 4 June 2008 | |
| I've always wondered what an LLM is... Any of em from big name colleges? | |
| 4 June 2008 | |
| Wish there was more people like Kev around =). Places I applied to wanted people with a MST / CPA. | |
| 4 June 2008 | |
| LLM is a master's in taxation for attorneys - it stands for something I can't remember off the top of my head. They have to have a JD already prior to getting their LLM. I have hired one attorney in the past, several CPAs, and lots and lots and lots of tax preparers, some of which I helped to become EAs.
for those who are wondering, the attorney wasn't practicing law for me (well, maybe tax law, but I do that every day) and the CPA wasn't doing attest work. | |
| 4 June 2008 | |
| Pegoo, if you were local I would probably hire you - I need a good tax preparer. | |
| 4 June 2008 | |
| Thanks Kev, I'll look into getting a prep course under my belt by year end as well, though isn't that just more schooling? | |
| 4 June 2008 | |
| Passing the EA exam shows that you know (a lot about) tax law but it doesn't show that you know what to do with any of it.
For instance, you could recite the rules for claiming a casualty loss for business equipment destroyed in a presidentially declared disaster area. What I would want to know as a prospective employer, is whether you know where to put the transaction: Sch C, 4797, 4684, or other? What impact will this have on SE tax? (note that this is not a question I would normally ask a regular preparer, but an EA is expected to know things like this) You don't learn this in most EA prep classes. (By the way, I was one of the 7 EAs who validated the current SEE exam a year and a half ago, so I have to disclose that my example above is purely hypothetical, and in no way should be construed as information that might or might not be on the particular exam set of questions that you receive.) | |
| 4 June 2008 | |
| To be fair, pasing the CPA exam shows that a person knows a lot too, but still doesn't prove any practical ability to put the knowledge to use. | |
| 4 June 2008 | |
| Fair enough, I'll try to bolster my bona fides in that way too. | |
| 5 June 2008 | |
| So tell me Kevin, I have heard that the exam is not what it used to be, is that so? Has it been dumbed down to qualify more of the masses? It seems that would only dilute our designation. I have been wondering about this as I put in many years of tax preparation before I even considered sitting for the SEE. A little off topic I know... | |
| 6 June 2008 | |
| the changes as I see them are:
1) it's computerized now, your questions are selected from a pool of questions that have been rated for 'difficulty' so that everyone gets an equally difficult test. (some questions are more difficult than others - you won't get all difficult questions). 2) you can take it whenever you want - it used to be offered only once a year 3) you can study just for one part or another at a time - you don't need to take all parts at once (this is the area that people say makes it easier, but I personally don't agree that it does - either you know it or you don't) 4) they combined 2 sections and made one very very very broad section - meaning you had better study everything for that one part.
In my opinion the new exam is very fair but it is designed to set a minimum level for someone to become an EA. Therefore those who really know their stuff will have no problems, and those with problems just aren't ready to become EAs. | |
| 7 June 2008 | |
| Thanks for such an in-depth response. I am glad to hear that such thought was put into this process. I can tell you that one of the most difficult aspects of taking the exam for me was the uptight atmosphere the test was administered under. I imagine that may be a little different now. | |
| 1 July 2008 | |
| Backtotx - For what it's worth I went through a very similar experience as to what you are describing. I started studying in Sept 07 for the EA exams, and I passed all of them by the end of November. I had some tax knowledge prior to taking the exams but not a tremendous amount. In addition to passing all four parts of the exam, I also took an H & R Block intro to tax prep course. Some of it was very basic and redundant, but it gave me a much better feel for the actual application vs just the theoretical knowledge.
Once I had all of that under my belt (probably mid-December) I mailed out about 250 resumes to area tax firms. I live in the Chicago suburbs so it was fairly easy for me to find this many firms within about a 10 mile radius. I was looking for some type of tax work. I ended up getting about a dozen phone calls over the following month. One thing I did as well was I took the time to register at Accountemps. I'm not sure if you have an office nearby, but they ended up having a lot of opportunities. I found something early on in the season on my own, but they probably called me 2 or 3 times a week from late January to mid-March. One other thing I would add - when I sent out my cover letter and resume, I printed it off on nice, heavy paper (28lb stock) and in color. I feel like it made a difference as I was surprised at the number of calls I received from just mailing out my resume cold. Hopefully this helps. I would definitely encourage you to puruse the EA designation as it will open some doors for you. | |
| 1 July 2008 | |
| I took the EA exam in 2001 and pass it the first time. I used Gleim to study and I asked co-workers lots of questions... and for explanations to understand the correct answer. I had a tax course in college...back in 1987! Most of my training has been ojt. I've worked in 4 different states and have had several opportunities for seasonal employment. All it takes is for one to give you a chance to get your feet wet and you can gain the experience that everyone wants. I was out of the tax prep business for two years when one took a chance on me and he's really glad he did. Now he wishes that I was back in Iowa. | |


