6 Tips for Passing the Enrolled Agent Exam (On Your First Try!)Get a Review Course Specifically for the Enrolled Agent Exam. ... Be Aware of Any New Material. ... KNOW the Fundamentals. ... Memorize Basic Tax Formulas. ... Get Familiar with Prometric's Exam Day Expectations. ... Learn to Budget Your Time (And Learn When to Move On)Nov 15, 2019
The most difficult test for most candidates is Part 2 (Businesses). Only about 60% of exam takers have passed this part in the past three years. Part 1 of the exam (Individuals) is also challenging; approximately 75-80% of exam-takers have passed this part of the exam in the past three years.
How much time should I expect to review the Enrolled Agent study material? Depending on experience, you should expect to invest up to 40-70 hours of total study time for each exam part.
On the EA exam, candidates have 3.5 hours to answer 100 MCQs. In contrast, the REG exam requires candidates to complete 76 MCQs and 8 TBSs within 4 hours. The EA exam dedicates a bit more attention to limits, phase-outs, and income brackets. Therefore, the EA exam is not extremely difficult.
Taking the EA exam is faster than taking the CPA Exam. The EA questions are easier, so most candidates only need a few months to pass the EA exam as opposed to the 12-18 months typically needed to pass the CPA Exam.Mar 18, 2021
Individuals who are considering a new career path may find that becoming an enrolled agent is the right choice. Offering excellent job security and the opportunity to have jurisdiction throughout the United States, the position of enrolled agent can provide a good salary along with a rewarding career.
An EA is the highest credential the IRS awards. A professional with this designation typically makes between $15,000 and $20,000 more than CPAs annually. You'll want to seek out an EA for any and all tax-related issues. In fact, the IRS says they are uncontested experts on such topics.Sep 28, 2021
So, is the enrolled agent exam hard? Even though the EA Exam is daunting, it's not as difficult as people make it to out to be—as long as you prepare properly. This is not a normal test and you will have to be studying at your best in order to pass.Aug 9, 2021
You may take each part up to four times during the test window. The current test window is May 1, 2022 to February 28, 2023.
Are enrolled agents in demand? Yes, there is a shortage of enrolled agents that can handle complicated tax returns and have the ability to represent clients before the IRS. If you want to go into a growing career and offer plenty of options, this could be the right one.Dec 1, 2021
The Business section is considered the hardest among most tax preparers and often gives Enrolled Agent candidates anxiety. Due to its reputation, candidates will take Part 2 after passing at least one of the other two sections, meaning that candidates are more likely to have a study strategy in place before starting.Aug 24, 2021
You have two years* to pass all three parts of the EA exam, so while you do not technically need to pass all three in the same year, many candidates want to pass before tax season to get more clients....Average time spent studying per part of the EA examPart 185 hoursPart 2125 hoursPart 355 hours