Career Outlook

Although the economy is rarely predictable, as the old adage states: There are only two things certain in this life, death and taxes. Every legal, taxable entity pays taxes: individuals, corporations, partnership, estates and trusts. This creates an incredible opportunity for those individuals seeking a career in the tax profession.

Enrolled Agents, as career professionals, are in high demand. Tax professionals are needed everywhere: in small public accounting firms, large accounting firms, law firms, corporate tax departments, the IRS, state departments of revenue, investment firms, banks, and in private practices. The need for high quality, competent tax professionals is even greater now, due to continual tax code updates. Current tax preparers can enhance their practice, credibility, and income potential with the Enrolled Agent designation.

Important Facts: According to the Occupational Wages Statistics, conducted by the Illinois Department of Employment Security, as of the 3rd Quarter of 2008, Enrolled Agents made $20.39 per hour and $42,403 annually at entry level, in comparison to Tax Preparers who made $8.44 per hour and $17,555 annually at entry level.

There are no academic requirements for becoming an Enrolled Agent, and you can develop year-round clients, prepare tax returns, resolve IRS problems independently, or through an accounting or law firm. The annual starting salary for IRS Enrolled Agents is $42,403. The median wage is $61,768 and the experienced wage is $78,758.