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Enrolled Agent Exam


Whoohoo, I passed part 1 of the Enrolled Agent Exam.  I've been studying all summer, and Stacy finally nagged me to take the test.  It was really hard, and a lot of what I studied for wasn't even asked.  There were 100 questions, and it took me 2 1/2 hours to finish.  Donna, one of my fellow tax preparers took it recently and failed.  She and I are very similar in our tax experiences, so it kind of freaked me out and I started to worry.  But, my mantra was, 'Judy passed it, I can pass it.'  Well, that and 'Gross Profit % = Gross Profit divided by Contract Price.'  Um, yeah. 

The tests were taken on a computer and the testing area was very somber, you couldn't take anything in with you besides your clothes and ID.  No phone, jewlery, watches, purse, water - nothing.  (I put my purse in locker #13, hoping that was a good omen!)  They gave you a calculator, 2 pencils and 4 pieces of scrap paper, which they collected when you left.  Cameras all over and a proctor walking around every once in a while.  I was tempted to pick my nose but refrained.  Stacy and Donna were fingerprinted, but I wasn't.  Not sure why, but I was glad for that, I'm not in the system and hope to stay that way.   

When the congratulations came up on the screen I almost started crying in relief.  I admit I did tear up.  It has been many, many years since I took a real test - let me see - probably around twenty-five.  You know, back when I was young and cute and could memorize stuff, no problem.    What bugs me about these IRS tests is the fact that you can't use reference material.  Which is really illogical, since in real life situations, if you need help or don't know the precise IRS code (out of the millions of codes), you go look it up.  And most computer tax preparation programs do so much for you.  As tax preparers, we just need to know where to put the information, not necessarily all the details.  Know what I mean?  And why should I memorize the standard deduction, when it keeps changing every year?  Ah, I just feel like bitching now.  That's the way it is.  Anyway....

Now I have 2 years to take parts 2 & 3.  Part 2 has to do with businesses, and part 3 is practice and procedures.  I think I'll do 3 next and leave the hardest for last.  Once I pass everything, then I won't have to take any more update classes.  My pay won't go up much, I'm already at the second highlest pay scale.  But think of the prestige.  I'll have 'Enrolled Agent' and 'Master Tax Advisor' on my business cards.  Big whoop.  What is it they say - 'that and a quarter will get you a 25 cent cup of coffee'.  

Hmm, wonder if I can deduct the study materials and the cost of taking the test?  I'll have to go look that up!  bwahahaha.  
I gotta go to bed now, I am wiped. 



( 3 comments — Leave a comment )
Oct. 29th, 2009 02:49 am (UTC)
Congratulations!!! Do the "Smarty Pants Dance" ... :-D
Oct. 30th, 2009 12:22 pm (UTC)
Re: WAY TO GO!!!!
I don't know the 'smarty pants dance'. Is it anything like the Time Warp? You can show me tom'r. hahaha.
(Deleted comment)
Oct. 30th, 2009 12:24 pm (UTC)
But, I think I do know the 'pompom dance'.
Thanks, obviously I am pretty proud of myself. I was told today that only 60% pass part 1 the first time.
Nice icon, by the way.
( 3 comments — Leave a comment )



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