It signals a high level of expertise and allows them to practice before the IRS. You can start by reading the textbooks or watching video lectures when you need to catch up on the basics to strengthen your weak areas. However, once you’ve reviewed the concepts, you must start testing yourself on them by answering practice questions. The process of answering practice questions measures our levels of knowledge and solidifies concepts correctly in our minds. Depending on your prior education and experience, certain EA exam Part 1 content areas may be more familiar to you than others.

• After tax preparers pass all three Enrolled Agent exams and complete the other requirements (there aren’t many!), the IRS distinguishes them with the EA designation.
• Your detailed schedule should outline the topics and the amount of time you should be studying for each topic that is tested on the exam.
• Part 3 has been described as the easiest part of the EA exam by many.
• The pass rate for Part 2 is approximately 60%, as compared to a pass rate above 80% for the other two parts of the exam.
• During March and April, the IRS updates the test according to the most recent tax laws, so you can’t take the exam during this annual blackout period.

If you’re a tax return preparer who’s dealing with those daily, you’ll probably find Part 1 a lot easier to prepare for than Part 2, which covers businesses. The EA exam is graded on a scale of 40 to 130 available points, and the IRS sets the EA passing score Opens in new window at 105 points. Scoring at least 105 points demonstrates that you have the knowledge to practice before the IRS and deserve all the benefits that come with earning your EA.

average study hours for the three-part EA exam

The best way to ensure success is to create an exam study schedule to keep you on track. Your detailed schedule should outline the topics and the amount of time you should be studying for each topic that is tested on the exam. The Enrolled Agent exam is definitely a challenging exam, and it reflects the rigorous standards of the tax profession.

Once they are licensed, enrolled agents have unlimited practicing rights. This means they can represent any taxpayer before the IRS on any tax matter. To pass, you’ll need good study habits and top-notch IRS and tax resources. After you have passed all three parts of the EA exam, you are required to complete Form 23 and pay a $140 application fee.

Exam prep makes things easier

Comparing the Enrolled Agent (EA) exam to the Certified Public Accountant (CPA) exam, it is generally considered that the CPA exam is more comprehensive and rigorous. I am the author of How to Pass The CPA Exam (published by ea exam pass rate Wiley) and the publisher of this and several accounting professional exam prep sites. You should expect to spend anywhere from 5 to 12 weeks studying for 1 part of the EA exam, putting in at least 10 study hours each week.

Depending on the state you live in, there may be additional requirements. For example, some states require accountants to have a minimum amount of professional accounting experience to take the CPA exam. Although you don’t need a certain degree to be an EA, passing the exam isn’t easy. In addition to this requirement, once EA status is achieved, a minimum of 72 hours of continuing education courses must be completed every three years. Before you can achieve EA status, you’ll need to make sure you meet a few essential qualifications. The good news is that you don’t need a college degree or previous experience to become an EA.

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To learn more, check out this post about Fast Forward EA Review. Like many EA review courses, Gleim EA Review does not make the EA pass rates of its users public. However, Gleim does advertise that it has a 99% satisfaction rate.

Because your own knowledge levels affect how hard the EA exam will be for you personally, one major influence on https://www.bookstime.com/s is candidate preparation. You could purchase textbooks and study guides to prepare you for the test. Such study materials can be enough to prepare you, especially if you’re good at self-motivating. Many books come with practice questions and exams, which usually explain how the tests are structured, giving you the mental tools to take the exam more confidently.