Tuesday, 4 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.

Basically, the credentials of enrolled agents are not certifications. Thus, in order to become an EA, an individual must pass the IRS examination that covers the tax returns of both business and individuals, follow the standards, and complete a continuing education. But remember, passing the enrolled tax agent exam is not an easy thing but not an impossible thing if you are diligent enough to study.

Keep important tips in mind for passing the test. First, identify the riles of studying. Basically, there are no magic techniques or shortcuts of passing. Hence, you need to think of an effective approach as much as possible. Plan to study each part of the test. Take down notes to give you an overview about the tax law.

If reviewing the examination on your own is not an effective approach, then you may consider enrolling to a review program. Fortunately, there are lots of review programs to choose from. The advantage of this program is that authors have already analyzed the previous test questions and have formulated effective study materials for you. It only means, you are paying for something that is important to your future.

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 would be best to check the previous test questions as possible. This is often helpful for anyone to prioritize your studies because you will be starting to see the topics on the test. Keep in mind that the basic knowledge mandated for tax preparations as well as the client representation has not changed, only the formats,

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.

Always remember that practicing all the time is important. There are lots of candidates who choose not to take the online exams. But actually, it is a helpful tool to pass the test. This is because there are online tutorials available online. So whatever you do, anyone can take advantage of the program before the schedule of your examination.

Importantly, you should get enough nutrition, plenty of rest, and exercise weeks before the exam. Avoid focusing on the studies. Instead, read your notes just to get important points of your test. Avoid cramming. As you see, a relaxed and confident mind will bring you to success and help you answer the questions without any distractions or worries.




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