1. Obtain a review course specifically for the Enrolled Agent Exam
The Special Enrollment Exam is often a tax-specific exam manufactured by the government. When you have a cpa background, it is usually easy to think you'll be able to skip purchasing any materials. However, tax accounting and financial accounting are two different areas; you need to 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 like these subsequently trickle into the Enrolled Agent Exam, it’s imperative you know what you’re likely to be tested on.
The EA Exam tests the last year’s tax laws. Make sure you obtain a review course that updates with all the Enrolled Agent Exam.
3. Prioritize learning the fundamentals
It’s easy to get wrapped up in the complexity of tax laws, but take into account that the Special Enrollment Exam tests for the basic of competency to represent taxpayers ahead of the IRS.
Therefore each area of the exam will handle taxation fundamentals and also the most frequent tax issues. There can be some advanced topics thrown in the mix, though if you are 100% confident on fundamentals, you’re likely to pass the exam. You may also be capable of takes place fundamental knowledge to use principles to more complex tax matters.
4. Memorize basic tax formulas
Much like understanding the fundamentals, you’re likely going to have to calculate many different basic tax numbers. To produce intimidating computations very simple, memorize the formats of basic tax calculations for those and other forms of companies.
5. Discover how to budget your time and effort (and know when you skip questions)
The Enrolled Agent Exam is timed, meaning you have to budget your time and effort to finish the full test within the allotted hours. Taking practice exams and understanding how to pace yourself is vital; you ought to consistently be examining the some time and ensuring you’re on the right track to view every question. You should also try and budget time by the end for questions you skip, along with come up with a way of skipping.
It’s simple to get caught up on complicated calculation questions, and there’s a high probability you’ll come upon questions which might be completely beyond left field. As an alternative to spending more time looking to figure them out, skip and move on to questions you need to do know. You'll be able to circle back as time allows.
During your practice exams, one factor Surgent exam coaches observe is the place allowing a difficult question to discourage it is possible to cause missing subsequent questions. Saving these frustrating questions for your end can stop you from some wrong answers. Your testing mindset is the vital thing to success!
Able to start studying?
As an enrolled agent will boost your confidence as a tax professional, assisting you prepare tax returns and represent taxpayers before the IRS with conviction. Start using these 5 tips to help you pass the EA Exam and acquire moving toward your work just as one EA.
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