Monday 3 July 2017

How To Pass The Enrolled Tax Agent Exam

By Ruth Mitchell


A lot of entrepreneurs nowadays are not fully aware of what enrolled agents are or how they can help with business taxes. Basically, an enrolled agent or EA is a professional similar to tax lawyers and CPAs. In general, they can help you with your personal and business tax returns and can represent you before the IRS.

Actually, the qualifications of an EA is not defined as a certification. In order to become a successful EA, you must pass first the IRS examination covering the personal and business tax returns, complete a continuing education on a yearly basis, and follow the ethical standards. But always remember that studying and passing the Enrolled Tax Agent exam is not an easy process but it does not mean passing is an impossible thing.

Also, there are certain things to put in mind just to pass the test. First, understand the rules of study. Basically, there are no shortcuts or magic tricks of passing the examination. You must think an organized approach and plan to study each part of the examination as possible. Take crucial notes that provide a reference to the tax laws for the provisions.

If taking the review on your own is not effective, then you may try taking a review course. Typically, lots of review courses are out there. The primary advantage of such course is that the authors have already analyzed the past examinations and have formulated the appropriate study materials. You will be paying for those approaches that are an advantage on your part.

You should always think like a knowledgeable examiner. Never lose sign of the main purpose of such examination. This is important to ensure that the applicant has shown a level of proficiency mandated to represent a taxpayer before the IRS. For this reason, assume that majority of questions on your exam is about the fundamentals of taxation.

It is also advisable to review the recent test questions as possible. This will help you highlight important things of the study. You will also be aware of each topic that will come out at the time of your exam. Bear in mind that basic knowledge is vital when representing a client and preparing for taxes. Study the present format of your tests to ensure everything.

Although enrolled agents are writing most of the questions nowadays, each question will mirror what they always deal in their daily practice. And keep in mind that they are likely to check the old tests when writing new questions. Most importantly, do not panic. Actually, there are lots of candidates who are anxious about some added topics.

Keep in mind that practicing is important to improve your knowledge and skills. Some candidates do not consider electronic exams. But this is actually an advantage, especially that the technology is advancing every day. You may consider an online tutorial before the schedule of your test. Though things are not the same at the testing centers, this can somehow remove your anxieties ahead of time.

Getting sufficient exercise, nutrition, and plenty of rest is important two weeks prior to the test. Avoid concentrating on the studies. Instead, check your notes to get ideas for the primary points of your exam. Avoid cramming a week before. A relaxed mind will surely put you at ease and help anyone focus on the test without distractions.




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