The IRS just made it cheaper to become an enrolled agent
What happened
The IRS is cutting the fee for each part of the special enrollment examination for enrolled agents from $99 to $66. This makes it less expensive for people to become tax professionals who can represent taxpayers before the IRS.
Why it matters
Becoming an enrolled agent requires passing a three-part exam. Reducing the cost for each part lowers the barrier to entry for individuals looking to enter this profession. This could lead to more people becoming enrolled agents, increasing the pool of tax professionals available to the public.
The signal
Watch for any increase in the number of people taking the enrolled agent exam in the next year, or a rise in the total number of enrolled agents.