Enrolled Agent vs CPAs - Pros and Cons

[Max Gurley]

Hello! I am looking to invest in my second property in 2024, having eyes set on Louisville KY or Ohio markets. I currently have a residential-turned rental in Nashville TN. Even though the cash flow is only $65/month, the equity is working in my favor.

I live in Salt Lake City so long-distance real estate investing is my current strategy. I am desiring to build relationships with a tax professional that knows local/regional markets as I feel that could be more advantageous for my long term goals.

What are the pros + cons for working with an EA vs a CPA? 

Thanks! 
 

[Basit Siddiqi]

Quote from @Colleen F.:

@Max Gurley  ok so if you get a CPA who is also an enrolled agent they can represent you in front of the IRS. My experience with an EA is that they were way overpriced. So if you are shopping for someone and you get a CPA who sells that they are an EA well to me that isn't the key point. You do my taxes well and its unlikely I need your EA services.  Never dealt with someone who is just an EA. In my opinion you are better off looking for someone with real estate expertise.

 A CPA can represent you infront of the IRS/State without the requirement of an EA license.