CFP Holders Can Earn Up To 48 Hours Of CE By Passing The EA Exam

Successful completion of certain examinations forholder cannot split CE hours earned for any one
professional licenses or designations can qualify as CEprogram between two reporting periods. If you pass
hours towards your CFP designation. One suchseparate exams in separate reporting periods, each
designation is the Enrolled Agent (EA). The Certifiedexam would count in its respective reporting period.
Financial Planner Board of Standards grants CE hoursYou can report your credit hours to the CFP Board
for passing the enrolled agent exams, not for attendingonce you successfully complete the enrolled agent
or completing an enrolled agent review course.exam by logging into their website, entering
A certified financial planning practitioner (CFP) must"Designations & Licenses" as the CE Sponsor
complete 30 hours of continuing education during eachname, and finding the EA exam part in the list. Make
reporting period, including 2 hours of ethics. Each partsure you save a copy of your score report and
of the enrolled agent exam counts as 16 CE creditsmaintain it in your records.
towards CFP continuing education. The most oneMajor changes for all tax professionals are just around
could earn for passing all three parts of the EA examthe corner. Enrolled agents are exempt from the
is 48 credits.mandatory competency testing and federal continuing
To qualify, the practitioner must pass an exam duringeducation requirements imposed on all tax preparers
the current reporting period, which is a two-year periodby the new law. If you have earned the CFP credential
ending the last day of the renewal month. Only 30and plan to prepare tax returns in the future, there has
hours are required each period, and hours in excess ofnever been a better time to become an enrolled agent.
the requirement do not apply to future years. A CFP