Today TaxMama® hears from Saroj in the TaxQuips Forum with a valid concern. “I have been doing taxes for last 20 years or so. I was thinking of taking the EA exam. But I added Financial Advising to the practice (HD Vest) and QuickBooks, also. I am 62 years old; so I don’t know how long I will be doing taxes. With all the regulations and continuing education requirements, what do you think is more beneficial? Should I still get my EA or just pass the Registered Tax Return Preparer Exam (RTRP) and keep doing what I am doing?”

Ask TaxMama

Hi Saroj,

That’s a good question. And the concept applies to any senior who is contemplating a career change or upgrade. So let me give you my perspective on the issue, starting with a key question.

Are you feeling particularly feeble, mortal, or in imminent danger of dementia?

If you are like most 60-year-olds these days, you’re in the prime of your life. You still look great in jeans, and you can hike for miles. You can expect a good, solid healthy 20+ years of lucidity and functionality.

How do you want to spend it?

Yes, you can take the RTRP exam and continue doing what you’re doing – and be just fine.

Or you can add some services to your practice – like being able to get a signed power of attorney from your clients and help them with their tax problems. You won’t have to refer them to others when they face tax audits or collections problems.

So what do you think?

And remember, you can find answers to all kinds of questions about career issues and other tax issues, free. Where? Where else? At www.TaxMama.com.

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