1. Get a review course particularly for the Enrolled Agent Exam
The Special Enrollment Exam is a tax-specific exam created by the internal revenue service. If you have a cpa background, it can be an easy task to think you'll be able to skip purchasing any materials. However, tax accounting and financial accounting are two different areas; you should dig further into tax topics than your college courses.
2. Keep in mind any new material
The tax law and IRS publications change constantly; some changes are subtle plus some changes. As legislative changes honestly subsequently trickle down into the Enrolled Agent Exam, it’s imperative you know what you’re going to be tested on.
The EA Exam tests the last year’s tax laws. Make sure you buy a review course that updates using the Enrolled Agent Exam.
3. Prioritize understanding the fundamentals
It’s easy to get involved with the complexity of tax laws, but take into account that the Special Enrollment Exam tests for any elementary of competency to represent taxpayers before the IRS.
Therefore each section of the exam covers taxation fundamentals and the most typical tax issues. There can be some advanced topics thrown in to the mix, however if you simply are 100% confident on fundamentals, you’re likely to pass quality. You may even have the ability to use your fundamental knowledge to utilize principles to more advanced tax matters.
4. Memorize basic tax formulas
Similar to having the fundamentals, you’re likely going to need to calculate various basic tax numbers. To produce intimidating computations a breeze, memorize the formats of basic tax calculations for people as well as kinds of business entities.
5. Discover how to budget your time (and know when to skip questions)
The Enrolled Agent Exam is timed, meaning you have to budget your time in order to complete the whole test within the allotted hours. Taking practice exams and learning to do not is essential; you must consistently be examining the some time to ensuring you’re on target to see every question. You should also make an effort to budget time at the conclusion for questions you skip, in addition to come up with a technique of skipping.
It’s easy to get caught up on complicated calculation questions, and there’s a good chance you’ll run into questions that are completely away from left field. Instead of spending more time attempting to figure them out, skip and start working on questions you are doing know. You are able to circle back as time allows.
Within your practice exams, one factor Surgent exam coaches observe is how allowing a tough question to discourage you can lead to missing subsequent questions. Saving these frustrating questions for your end can stop you from a series of wrong answers. Your testing mindset is the key to success!
Able to start studying?
As a possible enrolled agent will boost your confidence like a tax professional, letting you prepare tax statements and represent taxpayers ahead of the IRS with conviction. Start using these 5 guidelines to help you pass the EA Exam and have moving toward your career being an EA.
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