An Enrolled Agent is the highest credential you can receive as a tax professional. Enrolled Agents are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. Enrolled Agents make more money because of the knowledge they have and because […]
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Preparing for the Real World
As I completed the tests for Chapter 2 and 3, I felt a little uncomfortable with my excessive need to keep flipping back through the chapters to check my answers on the tax return preparation questions. By nature, I really like to double check things, but when I tried to picture myself with an actual […]
Getting to Know Your New Comprehensive Course Clients
I just completed the tests for Chapters 2 and 3 and am really happy with the way knowledge is tested so far in the course. Each test is separated into general multiple choice questions, learning activities and the occasional quiz. The learning activities have been very practical as they usually involve completing a tax return […]
Getting Started as a Tax Preparer – FAQs
We get a lot of questions from potential students on the best course of action for pursuing a career as a tax preparer. We’ve compiled a list of some of the most frequently asked questions to help guide our blog readers who may be asking the same questions. What prior knowledge do I need to […]
Re-evaluating My Goals
A lot has changed about how I will be studying in our short three weeks together and figured it might be a good idea to summarize some of those changes. I hope that this will give you some insight into what hasn’t worked for me and what I’m currently doing. My old study schedule looked […]
Slow and Steady Wins but It Isn’t a Race
I am a somewhat obsessive person and when I get my hands on something new, I devour it. I tend to spend all my free time either working on or thinking about my new activity. In my last post I was all hyped up and ready to charge into Chapter 4. It sounded like an […]
Why Learning to Prepare More Complicated Tax Returns is Good For Client Retention
As a tax preparer (or a student learning to become one), your clients and potential clients depend on you to know the tax laws. Getting the basic knowledge down is just the first step towards becoming a well-seasoned tax professional. Once you have the basic knowledge, you must build on that base and begin learning […]
Getting Through the Comprehensive Course When Time is Not on Your Side
I have had a very busy week and getting all my reading assignments done has been no simple task. I am still following the basic study regimen I outlined in a previous post but have decided to mix things up a bit by reading through Chapter 3 as well before finishing the tests for both […]
Understanding Basic Tax Concepts is Important for Everyone
As I work through Chapter 2 it has become really clear to me that basic tax courses really shouldn’t be just for professionals. Knowing the basics of exemptions, standard deductions, and filing statuses can help anyone to submit their tax returns with confidence. If you’re using a tax preparer, you obviously shouldn’t be retracing everything […]