If you are considering taking the enrolled agent exam, these are some things you will want to know, before preparing to take the exam. The enrolled agent exam, is a multiple choice exam, designed to test your knowledge of individual and corporate tax preparation and common issues that come up. In order to successfully pass the exam, you will want to either study for the exam on your own or sign up for one of the many online enrolled agent courses. Most individuals who take the exam, choose to enroll in an online course since they not only provide you all the course materials and books you need to study, but also a large bank of test questions.
One thing you will want to keep in mind is the may cut-off date, for the yearly test and make sure you are aware of the changes to the tax code if you want to take the exam after the cut-off date. The vast majority of courses, do an excellent job of providing updates to their course materials, so that should not be an issue. However, if you purchased wiseguide books to study for the IRS enrolled agent exam, you should be aware that they do not provide updates to the course materials. Additionally, you should be aware of any guarantee's that are offered with your course, should you fail the exam. Many courses, offer either a full refund if you fail the exam and no longer wish to use their resources or allow additional course access for as long as you need. That said, some other courses will charge you up to 50% of the course, if you need to have access to the course longer than a year, so you definitely want to be aware of what you are getting for your money. Finally, you will want to remember that you don't officially have your certification until you send in your fee and notify the IRS that you passed the exam.