initial license application two states

  • Creator
    Topic
  • #2895603
    monikernc
    Participant

    I have finally obtained the experience for my license and will be submitted my application to Montana via NASBA in the next month or so. I see that KY has the same requirements. Both states allow for a non-supervising CPA to attest to experience. Neither state has a residency requirement. I meet the education in both states. I have passed AICPA ethics. Is there any advantage/downside to submitting applications for an initial license to two states concurrently? Has anyone done this?

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    Replies
  • #2895636
    vbmer
    Participant

    The obvious downside is paying two application fees, paying for two sets of transcripts, filling out two sets of forms, etc. The upside? Unless you plan to practice in both states, there is none.

    #2896011
    AusNat
    Participant

    What's the upside you're seeing? If you don't plan to practice in both states I can't see a reason to do this. It's extra cost, and if you don't appropriately maintain both licenses (renewing on time, reporting CPE appropriately) you can accrue penalties or get your license suspended/revoked – which you would have to report to any other state you're licensed in.

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