Before embarking on the EA journey, let’s take a look at how much it costs to get and maintain the license.
1. PTIN Application Fee
As part of the registration process, the applicant pays $50 to apply for the Preparer Tax Identification Number (PTIN).
2. Testing Fee
The testing fee is $181.94 for each part of the exam. This is paid when you schedule the exam at the Prometric.
The Prometric accepts MasterCard, Visa, American Express and Electronic checks. It doesn’t specify whether debit cards are ok but sounds like it’s fine. Money orders, paper checks and cash are not accepted.
3. Review Course Materials
There are different review course materials available with different price range. The most popular one, Gleim EA Review, cost $500 – 600 for the three parts of the exam.
4. Enrollment to Practice Fee
Once you pass the exam and is ready to becoming an EA, you’ll pay $30 online to complete the enrollment process.
5. Maintenance Fees
After you are licensed to become an EA, you’ll be paying licensing fee and attend CPE courses to keep it active. The cost is typically no more than $200-300 per year.
The IRS has substantially increased the EA test fee from $109 to $181.94. They site reasons such as lower than expected number of EA candidates, as well as increased administrative expenses including background checks and verification of various vendors.
The NAEA opposed the fee hike but was only able to negotiate for a slightly lower level. Having said that, with such a big increase, I don’t expect another jump in EA exam cost in the near future.
Overall, you can expect to invest around $1,100 for the EA exam, and some recurring expenses for the license and the CPE courses.
The test fee is non-refundable and non-transferable.
|1. PTIN application||$50|
|2. Testing fees
|3. Review Course materials (mid range)||$500|
|4. Enrollment for practice||$30|
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