Final answer:
The renewal of an Enrolled Agent (EA) license does require payment of fees, along with the completion of Continuing Education hours. These requirements are mandated by the IRS to maintain active status as a tax professional.
Step-by-step explanation:
When it comes to the renewal of an EA license, which stands for Enrolled Agent license, there are indeed fees that are applicable. Enrolled Agents must renew their licenses every three years. The process includes a renewal fee that is set by the Internal Revenue Service (IRS).
It is important for EAs to stay compliant with the renewal requirements, which includes the payment of the renewal fee, to maintain their status as a tax professional.
Furthermore, apart from the renewal fee, EAs are also required to complete a certain number of Continuing Education (CE) hours within the three-year enrollment cycle. There may be additional costs associated with completing these CE requirements, although these costs are not specifically a fee for the renewal of the license itself.