US CPA Designation and Retirement

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  • #1630460

    Just a thought. My husband is retiring in less than 10 years, and wanted to spend the winter season in either Philippines, or Las Vegas, or San Diego. He prefers the water & warmer weather.

    Myself on the other hand, prefer 20-35 degree celsius. I spent half of my life in warmer weather, had lived in the countryside, farm-like and busy cities. I always love the water.

    I can swim, bike, drive, and loves to walk/jog/run when I am not busy. Likely would like to return to participating marathons in the future.

    In the past, I go wherever my husband wishes to work and live. On his retirement, I thought if I receive my CPA in the near future, I have to work (in-person/online) wherever we live (likely partly-Canada, partly-US and partly-Philippines).

    What about CPE credit requirements. For international CPA professionals, what do you do for CPE credits? Do you have to teach CPA lectures, or take AICPA CPE courses for credits?

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  • #1630478
    M123
    Participant

    I hope you get the answer to your question – but have you considered Enrolled Agent? You can work all over the world with tax for expats. As you probably know, EAs are equal in privileges to CPAs and attys to practice “before the IRS”.

    #1630493

    Thanks @M123. I think I was kinda lazy there. I should have checked my Board of Accountancy (WA), before throwing question(s) here.

    As per WA State Board of Accountancy, the following are required for CPE credits:

    https://www.cpaboard.wa.gov/cpe-qualifying-programs
    https://www.cpaboard.wa.gov/individual-licensing/continuing-professional-education-cpe

    As to Enrolled Agent (EA) in the US, I have been thinking about this once in awhile. I always like the areas of taxation, especially if it's tied in with tax savings, investments and personal financial planning.

    Honestly, I haven't done any US taxes for a fee, as per IRS. I did a little freelancing with US based OneSpace, but wrote mostly about Canadian taxes. I am also educated with Canadian Taxes, through schooling (UBC), former ICABC (CA program) and CRA Volunteered program.

    I have been doing Canadian tax returns since 1991. It started with my family, volunteering for Canada Revenue Agency (CRA) and for former Institute of Chartered Accountants of BC (ICABC), currently called CPA-BC / CPA-Canada.

    Recently, I am just doing taxes for family members, being careful with liability issues working for a fee for non-family members, you never know.

    Of course, some fee-service tax preparer experience from 4 accounting firms, including one of the Big 4. Not so much with the Big 4, it was mostly admin. and just a backup T1 tax preparer, when not busy with main admin work.

    Anyway, I am still very much in the US CPA designation. I think I will go further with the US CPA since the IRS are working closely with CRA, and Philippines has also tax treaty with the US and Canada.

    Thanks for your input @M123, appreciate it.

    #1630498

    REPOST: Thanks @M123. I think I was kinda lazy there. I should have checked my Board of Accountancy (WA), before throwing question(s) here.

    As per WA State Board of Accountancy, the following are required for CPE credits:

    https://www.cpaboard.wa.gov/cpe-qualifying-programs
    https://www.cpaboard.wa.gov/individual-licensing/continuing-professional-education-cpe

    As to Enrolled Agent (EA) in the US, I have been thinking about this once in awhile. I always like the areas of taxation, especially if it's tied in with tax savings, investments and personal financial planning.

    Honestly, I haven't done any US taxes for a fee, as per IRS. I did a little freelancing with US based OneSpace, but wrote mostly about Canadian taxes. I am also educated with Canadian Taxes, through schooling (UBC), former ICABC (CA program) and CRA Volunteered program.

    I have been doing Canadian tax returns since 1991. It started with my family, volunteering for Canada Revenue Agency (CRA) and for former Institute of Chartered Accountants of BC (ICABC), currently called CPA-BC / CPA-Canada.

    Also, many years ago, some fee-service tax preparer experience from 4 accounting firms, including one of the Big 4. Not so much with the Big 4, it was mostly admin. and just a backup T1 tax preparer, when not busy with main admin work.

    Recently, I am just doing taxes for family members, careful with liability issues working for a fee for non-family members, you never know.

    Anyway, I am still very much in the US CPA designation. I think I will go further with the US CPA since the IRS are working closely with CRA, and Philippines has also tax treaty with the US and Canada.

    Thanks for your input @M123, appreciate it.

Viewing 3 replies - 1 through 3 (of 3 total)
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