Become Certified Tax Advisor
To become a certified tax advisor, there are several pathways and certifications available. Each has its own set of requirements, including education, experience, and exams. Here are a few options:
- Accredited Tax Advisor (ATA): This credential is for those handling sophisticated tax planning issues. Including planning for closely held businesses, highly compensated retirement plans, and estate tax planning.
- Chartered Tax Advisor (CTA) Certificate Program: A 9-month program consisting of two income tax courses totaling 73 continuing education (CE) hours. Plus, there is a 100-hour experience requirement that can be completed over two tax seasons.
- Enrolled Agent (EA): Becoming an EA involves passing an IRS exam or having experience as an IRS employee. EAs are licensed by the federal government to represent taxpayers before the IRS and must meet continuing education requirements.
- Certified Tax Preparer (CTP) and Certified Tax Coach (CTC): These certifications are geared towards professionals focusing on tax preparation and planning. Requiring passing relevant exams and meeting educational and experience criteria.
- Certified Concierge Tax Accountant (CCTA): This designation is for those looking to specialize in advanced tax planning strategies.
Final Words
Each certification has its own set of prerequisites, such as prior education in accounting or finance. Specific coursework, experience in tax preparation, and passing certification exams. Continuous education is also a common requirement to maintain certification and stay updated on the latest tax laws and strategies.
