1. Have a review course specifically for the Enrolled Agent Exam
The Special Enrollment Exam is a tax-specific exam produced by the IRS. In case you have a cpa background, it can be an easy task to think you can skip purchasing any materials. However, tax accounting and financial accounting are a couple of different areas; you must 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 and some changes. As legislative changes honestly subsequently trickle down into the Enrolled Agent Exam, it’s imperative you know what you’re gonna be tested on.
The EA Exam tests the last year’s tax laws. Ensure you get a review course that updates using the Enrolled Agent Exam.
3. Prioritize understanding the fundamentals
It’s very easy to get enclosed in the complexity of tax laws, but understand that the Special Enrollment Exam tests to get a beginner's of competency to represent taxpayers prior to IRS.
What this means is each the main exam will handle taxation fundamentals along with the most popular tax issues. There can be some advanced topics thrown in to the mix, however if you simply are 100% confident on fundamentals, you’re planning to pass test. You may even manage to takes place fundamental knowledge to use principles to more technical tax matters.
4. Memorize basic tax formulas
Comparable to understanding the fundamentals, you’re likely going to need to calculate a number of basic tax numbers. To create intimidating computations a piece of cake, memorize the formats of basic tax calculations for those and other types of companies.
5. Learn to budget your time (and know when to skip questions)
The Enrolled Agent Exam is timed, meaning you'll want to budget your time and efforts to finish the complete test inside allotted hours. Taking practice exams and learning to do not is essential; you must consistently be checking the some time and ensuring you’re on track to see every question. You should also try and budget time by the end for questions you skip, in addition to come up with a way of skipping.
It’s very easy to get caught up on complicated calculation questions, and there’s a good chance you’ll come upon questions that are completely beyond left field. As an alternative to spending extra time attempting to figure them out, skip and start working on questions you do know. You are able to circle back as time allows.
In your practice exams, one factor Surgent exam coaches observe is the place where allowing a tricky question to discourage you are able to lead to missing subsequent questions. Saving these frustrating questions for your end can prevent you from a number of wrong answers. Your testing mindset is paramount to success!
Willing to start studying?
Becoming an enrolled agent will enhance your confidence like a tax professional, letting you prepare taxation assessments and represent taxpayers prior to IRS with conviction. Utilize these 5 guidelines to help you pass the EA Exam and get on your way to your work as a possible EA.
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