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3/23/2015 Everything About EA Exam © www.IRSExams.com 2015 1 Today’s Topic: All About the EA Exam Welcome to TaxMama’s® Place - Home of the

All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

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Page 1: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

1

To

da

y’s

To

pic

:

All

A

bo

ut

the

EA

Ex

am

Welc

om

e t

o T

axM

am

a’s

®

Pla

ce

-H

om

e o

f th

e

Page 2: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

2

Ta

ble

of

Co

nte

nts

1.

Who q

ualif

ies to s

it fo

r th

e e

xam

and P

re-r

equis

ites n

eeded

to p

ass the e

xam

2.

Reg

iste

ring

3.

2015 S

essio

n d

ate

s, lo

catio

ns, costs

4.

Scorin

g, passin

g, re

-testing

and r

ete

ntion

5.

Conte

nt an

d m

ake-u

p o

f th

e e

xam

6.

Ho

w th

e E

xam

looks a

nd w

ork

s

7.

What N

OT

to u

se -

and w

hy

8.

Dis

pute

s a

nd c

ha

lleng

ing y

our

score

.

9.

Stu

dyi

ng w

ith B

ud

die

s

10.

Your

Questions

Page 3: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

3

Wh

o Q

ual

ifie

s fo

r th

e ex

am?

•E

ducatio

n

•A

ge

•C

itiz

ensh

ip/R

esid

ence

•C

om

plia

nce

•P

TIN

Page 4: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

4P

TIN

Reg

istr

atio

n

•M

an

da

tory

fo

r A

LL

pa

id t

ax

pre

pa

rers

•Y

ou

mu

st g

et a

PT

IN

•Y

ou

ca

nn

ot

sche

du

le a

n e

xam

da

te w

ith

ou

t it

•S

ign

up

on

line

http://w

ww

.irs

.go

v/T

ax-P

rofe

ssio

nals

/PT

IN-

Requ

irem

ents

-for-

Tax-R

etu

rn-P

repare

rs

•O

rigin

al F

ee

$6

4.2

5 –

pe

r ye

ar!

•R

en

ew

al F

ee

$6

3.0

0 p

er

yea

r

•N

ote

: T

he

PT

IN d

ata

ba

se

no

w a

llow

s y

ou

to

se

e y

ou

r co

mp

lete

d (

an

d p

oste

d)

CE

fro

m a

ll p

rovi

de

rs.

Sim

ply

lo

g in

an

d fo

llow

in

str

uctio

ns.

Page 5: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

5R

TR

Ps

and

AF

SP

•T

he m

andato

ry R

TR

P (

Reg

iste

red T

ax R

etu

rn P

repare

rs)

desig

nation

has e

nd

ed.

The IR

S lost th

e la

wsu

it a

nd w

ill n

ot be a

ppe

alin

g (

Lo

vin

g v

IR

Shttp://w

ww

.ca

dc.u

scourt

s.g

ov/

inte

rnet/op

inio

ns.n

sf/

B63C

31

29

A4F

E7

619

8525

7C

7C

0053

994

9/$

file

/13-5

061-1

479

431.p

df

).

•T

he IR

S is

no long

er

off

erin

g the e

xam

.

•In

ste

ad,

we h

ave

a V

OLU

NT

AR

Y p

rogra

m c

alle

d the A

nnua

l Fili

ng

Seaso

n P

rogra

m (

AF

SP

) w

hic

h p

rovid

es a

Record

of

Com

ple

tion.

•http://w

ww

.irs

.go

v/T

ax-P

rofe

ssio

nals

/Ann

ua

l-F

iling-S

eason-P

rogra

m

•T

o q

ualif

y fo

r th

at, y

ou m

ust

take a

6 h

our

cours

e, pass a

2-h

our

exam

, P

LU

S take 1

2-1

5 u

nits

of

continu

ing e

ducation e

ach y

ear.

•F

rankly

, it’s

easie

r to

be a

n E

A. O

nce y

ou p

ass the 3

exam

s, yo

ud

on

’t have to take a

ny

more

exam

s –

just th

e c

ontin

uin

g e

ducatio

n.

Page 6: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

6

Tax

Mam

a’s®

EA

Exa

m R

evie

w

Re

gis

ter

By

Mid

nig

ht

Ap

ril 1

, 2

01

5 E

ST

!

•h

ttp://irs

exa

ms.c

om

/regis

tra

tio

n/

•G

et E

arly_

Bird

Dis

co

un

t

•F

am

ily M

em

be

rs g

et

an

ad

ditio

na

l 2

0%

dis

cou

nt

•2

or

mo

re p

eo

ple

pa

yin

g fo

r re

gis

tra

tio

n a

t th

e s

am

e

tim

e–

mo

re d

isco

un

ts a

re b

uilt

in

to th

e o

rde

r sys

tem

–u

p to

an

add

itio

na

l 30%

off

!

Reg

iste

r T

OD

AY

Specia

l dis

count -

$5

0

We’ll

giv

e y

ou the c

od

e a

t th

e e

nd

Page 7: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

7F

orm

258

7 –

Ap

plic

atio

n

for

the

EA

Exa

m

Page 8: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

8

Reg

iste

rin

g

� ���easie

st

� ���easie

st

Page 9: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

9

Exa

m L

og

isti

cs

•W

hen

:Y

ou'll

be a

ble

to take e

ach

Part

of

the e

xam

FO

UR

tim

es

durin

g the 2

01

5 w

ind

ow

, fr

om

Ma

y 201

5 to F

ebru

ary

29

, 2015.

•L

ocati

on

s:

The e

xam

is o

ffere

d g

lob

ally

, pra

ctic

ally

wh

ere

ver

Pro

metr

ic h

as a

facili

ty. (M

ost are

ope

n S

atu

rda

ys, so

me o

n

Sun

da

ys.)

•E

xam

Tim

e: 3.5

hours

(4 h

ours

inclu

din

g tuto

ria

l and s

urv

ey)

•F

EE

S:

$1

09 (

up f

rom

$105

) fo

r each p

art

of

the e

xam

ination =

$32

7

for

all

thre

e p

art

s (

There

is a

$35 f

ee to r

esched

ule

5-2

9 d

ays

befo

re

exam

. F

ull

price if

5 d

ays

befo

re e

xam

. N

o f

ee if

more

than 3

0 d

ays

befo

re the e

xam

.) If

you m

iss the e

xam

–no r

efu

nd.

•P

rom

etr

ic P

ho

ne N

um

be

rs:

Main

-800.3

06.3

926

Pro

ble

ms -

800-8

53-6

769

•R

eg

iste

r at P

rom

etr

ic -

ww

w.p

rom

etr

ic.c

om

/see

•C

and

idate

Info

rmatio

n B

ulle

tin -

http://irs

exam

s.c

om

/ea-e

xam

-part

1-

ind

ivid

uals

/(s

cro

ll to

botto

m o

f th

e p

age.

•T

ax

Mam

Sch

ed

ulin

g S

trate

gy

New

bu

lle

tin

is n

ot

ou

t yet.

Bu

t d

on

’t e

xp

ect

an

in

cre

ase

New

bu

lle

tin

is n

ot

ou

t yet.

Bu

t d

on

’t e

xp

ect

an

in

cre

ase

Page 10: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

10

Sc

ori

ng

, P

as

sin

g,

Re

-te

sti

ng

, R

ete

nti

on

•Pro

metr

icconducte

d a

surv

ey o

f enro

lled a

gents

to d

ete

rmin

e

the t

asks t

hat

they p

erf

orm

and t

he k

now

ledge n

eeded t

o

perf

orm

those t

asks.

Based o

n t

he s

urv

ey,

a t

est

blu

eprint

was d

evelo

ped a

s w

ell a

s t

est

questions.

•E

xam

questio

ns a

nd s

core

s b

ased o

n q

uantita

tive a

naly

sis

.

•E

xam

questio

ns n

o lo

nger

have a

bso

lute

score

s –

like 1

po

int fo

r T

/F,

2 p

oin

ts f

or

multi

ple

cho

ice,

3 p

oin

ts f

or

pro

ble

ms.

•S

corin

g d

eve

lope

d inte

ractive

ly w

ith

in the s

oft

ware

based o

n p

rior

testin

g r

esu

lts a

nd r

efined w

ith t

his

year’

s e

xam

inatio

ns.

•T

est in

clu

des e

xp

erim

enta

l questions that

won

’t b

e s

core

d

•P

assin

g =

105 (

rang

e 4

0-1

30)

•F

aili

ng m

essages, coded 1

, 2, or

3

•R

e-t

ake e

ach ‘P

art

’ up to 4

tim

es d

uring testing w

indo

w

•R

ete

ntio

n –

up to t

wo y

ears

fro

m p

assin

g d

ate

•T

axM

am

(R

e)sch

ed

uli

ng

Str

ate

gy i

f yo

u m

iss

Page 11: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

11

Sco

re R

epo

rt

Page 12: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

12

Pa

ssin

g R

ate

s

Score

s h

ave im

pro

ved d

ram

atically s

ince 2

006.

How

ever,

the 2

013-2

014 (

2013)

score

s a

re low

er

than t

hey w

ere

befo

re.

•Avera

ge p

assage r

ate

s for

folk

s t

akin

g P

art

1 in

2014 is a

bout

75%

(dow

n f

rom

80%

in 2

013).

•Avera

ge p

assage for

folk

s t

akin

g P

art

2 w

as c

lose

to 6

0%

in 2

013.

This

has g

one d

ow

n t

o a

little

belo

w t

hat

in 2

014.

•Avera

ge p

assage r

ate

s o

f fo

lks t

akin

g P

art

3 is a

litt

le a

bove 8

5%

in 2

014 (

the h

ighest

ever)

.

Page 13: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

13

Co

nte

nt

of

the

Exa

m?

•T

eam

of

EA

sfr

om

the N

ationa

l Associa

tion o

f E

nro

lled A

gents

(N

AE

A)

and th

e N

atio

na

l Associa

tio

n o

f T

ax

Pro

fessio

nals

(N

AT

P)

revi

ew

and

update

pri

or

year

questions.

•E

As

cre

ate

ne

w q

uestions.

Pro

vid

e the 4

answ

er

choic

es. P

rovid

e the

leg

al s

ourc

e f

or

the a

nsw

er

–i.e

. C

od

e S

ectio

n, R

eg, R

ev.

Rulin

g, etc

.

•(T

he s

yste

m h

as c

hanged t

o p

ay

these E

A to c

reate

questio

ns, ra

ther

than u

sin

g v

olu

nte

ers

.)

•IR

S a

nd E

As r

evi

ew

th

e n

ew

questions a

nd o

vera

ll exam

•P

eo

ple

who teach the e

xa

m o

r deve

lop m

ate

ria

ls m

ay

not part

icip

ate

•T

he q

uestio

ns w

ere

inte

nde

d to b

e d

esig

ne

d to test fo

r th

e s

kill

s a

n E

A

with

tw

o y

ears

experi

ence s

hou

ld h

ave.

•F

rankly

, th

e q

uestions c

ove

r fa

r m

ore

com

ple

x is

sues than E

As

with

5 o

r 10 y

ears

experien

ce o

ften e

ncounte

r.

•T

oo b

road a

base o

f data

to

learn

easily

–so y

ou h

ave

to s

tud

y a lot!

Page 14: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

14

Lis

t o

f T

op

ics

and

th

eir

Wei

gh

t in

ove

rall

exam

IRS t

opic

and p

ublication lis

t s

epara

te b

y e

xam

The n

ew

lis

t fr

om

Pro

metr

ic is n

ot

out

yet

for

the 2

015 e

xam

.

Pro

metr

ic T

opic

Lis

t fo

r each e

xam

:

•Part

1 –

Indiv

iduals

•htt

p:/

/irs

exam

s.c

om

/wp/e

a-e

xam

-part

1-i

ndiv

iduals

/

•Part

2 –

Busin

esses,

Entities a

nd S

pecia

lized R

etu

rns

•htt

p:/

/irs

exam

s.c

om

/ea-e

xam

-part

2-b

usin

esses/

•Part

3 –

Repre

senta

tion a

nd P

rocedure

s

•htt

p:/

/irs

exam

s.c

om

/ea-e

xam

-part

3-r

epre

senta

tion-

pra

ctices-a

nd-p

rocedure

s/

Page 15: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

15

Par

t 1

-In

div

idu

als

htt

p:/

/irs

exam

s.c

om

/ea-e

xam

-part

1-i

nd

ivid

uals

/

No

ch

an

ges t

o t

he p

ercen

tag

e b

reakd

ow

ns.

•S

ection 1

: P

relim

inary

Work

and T

ax

Paye

r D

ata

(15 ite

ms)

•S

ection 2

; In

com

e a

nd A

ssets

(25 ite

ms)

•S

ection 3

: D

eductions a

nd C

redits (

25 ite

ms)

•S

ection 4

: T

axa

tion a

nd A

dvi

ce (

20 ite

ms)

•S

ection 5

. S

pecia

lized R

etu

rns for

Indiv

iduals

(15 ite

ms)

Page 16: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

16

Par

t 2

-B

usi

nes

ses

htt

p:/

/irs

exam

s.c

om

/ea-e

xam

-part

2-b

usin

esses/

No c

hanges t

o t

he p

erc

enta

ge b

reakdow

ns.

•Section 1

: Busin

esses (

45 ite

ms)

•Section 2

: Busin

ess F

inancia

l In

form

ation (

40 ite

ms)

•Section 3

: Specia

lized R

etu

rns a

nd T

ax P

ayers

(15

item

s)

Page 17: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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m ©

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SE

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ms.c

om

201

5

17

Par

t 3

-E

thic

s

htt

p:/

/irs

exam

s.c

om

/wp/e

a-e

xam

-part

3-r

epre

senta

tion-

pra

ctices-a

nd-p

rocedure

s/

•Section 1

: Pra

ctices a

nd P

rocedure

s (

35 ite

ms)

(was

33)

•Section 2

: Repre

senta

tion b

efo

re t

he I

RS (

30 ite

ms)

(was 2

5)

•Section 3

: Specific

Types o

f Repre

senta

tion (

30

item

s)

(was 2

5)

•Section 4

: Com

ple

tion o

f th

e F

ilin

g P

rocess (

5 ite

ms)

(was 1

7!)

Page 18: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ryth

ing A

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t E

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m ©

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w.IR

SE

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ms.c

om

201

5

18

Wh

at is

th

e ex

am li

ke?

•C

om

pute

rize

d e

xam

, in

a te

stin

g f

acili

ty f

ull

of

com

pute

rs, w

ithpeop

le takin

g o

ther

exam

s.

•T

he

y pro

vid

e p

encil

and p

aper.

Bri

ng n

oth

ing in w

ith y

ou –

not

eve

n w

ate

r.

•T

he

y w

ill m

ake s

pecia

l A

DA

arr

ang

em

ents

, if n

eeded.

•C

alc

ula

tor

on c

om

pute

r scre

en –

request a p

hys

ica

l ca

lcu

lato

r

•S

am

ple

of

the s

oft

ware

run

nin

g o

n t

he P

rom

etr

ic s

ite if

you w

ant to

see it

. (I

t’s c

alle

d S

EE

Tuto

rial –

not

intu

itiv

e…

) https://w

ww

.pro

metr

ic.c

om

/en-u

s/c

lients

/SE

E/A

ssets

/5-7

-2013_IR

S/index.

htm

•F

or

$30 y

ou c

an T

est D

rive

the e

xam

http://w

ww

.pro

metr

ic.c

om

/Test

Drive/d

efa

ult.

htm

•E

xam

is a

ll m

ulti

ple

cho

ice.

•M

ark

the q

uestio

ns to r

evie

w.

Se

e c

om

ple

ted a

nd inco

mple

te

questions

Page 19: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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ryth

ing A

bou

t E

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m ©

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SE

xa

ms.c

om

201

5

19

Exa

m S

amp

les

Page 20: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ryth

ing A

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t E

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m ©

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w.IR

SE

xa

ms.c

om

201

5

20

Nav

igat

ion

Page 21: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

21

Mar

kin

g

Page 22: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

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ve

ryth

ing A

bou

t E

A E

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m ©

ww

w.IR

SE

xa

ms.c

om

201

5

22

Qu

esti

on

s

Page 23: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ve

ryth

ing A

bou

t E

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xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

23

Rev

iew

ing

Page 24: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ve

ryth

ing A

bou

t E

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m ©

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w.IR

SE

xa

ms.c

om

201

5

24

Rev

iew

Scr

een

Page 25: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

25

Wh

at N

OT

to

use

Do

n’t u

se

IR

S’s

exa

ms

fro

m p

rio

r ye

ars

.

htt

p://w

ww

.irs

.go

v/T

ax-

Pro

fessio

na

ls/E

nro

lled-

Age

nts

/Sp

ecia

l-E

nro

llme

nt-

Exa

min

atio

n-Q

ue

stio

ns-

an

d-O

ffic

ial-A

nsw

ers

Why? �

Qu

estio

ns

and

AN

SW

ER

S a

re b

ase

d o

n o

ld ta

x la

w a

nd

ha

ve n

ot b

een u

pd

ate

d

�S

om

e o

f th

e o

ld q

ue

stio

ns A

RE

be

ing u

se

d b

y P

rom

etr

ic

•TaxM

am

Fla

sh

Card

Str

ate

gy

Page 26: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ve

ryth

ing A

bou

t E

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m ©

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SE

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ms.c

om

201

5

26

Dis

pu

tes

and

Ch

alle

ng

es

Alth

ou

gh

th

e fo

rma

l cha

llen

ge

pro

ce

ss w

e h

ad

with

IR

S n

o

lon

ge

r e

xists

, yo

u C

AN

still

ch

alle

nge

yo

ur

exa

m if

yo

u

just fa

il b

y a

fe

w p

oin

ts•

Subm

it challe

ng

e n

ote

s in 1

5 m

inute

win

do

w a

fter

exam

com

ple

tion

•O

r w

rite

to P

rom

etr

ic –

Pro

metr

ic –

inclu

de y

our

PT

IN a

nd test date

AT

TN

: IR

S S

EE

Feedback

7941 C

orp

ora

te D

rive

Nott

ingham

, M

D 2

1236

TaxM

am

Ch

all

en

ge S

trate

gy

•T

axM

am

fig

hts

fo

r yo

u

•G

ot q

uestions r

evi

ew

ed a

nd r

em

ove

d f

rom

exa

m –

and

score

s a

dju

ste

d

•R

eg

istr

ation p

roble

ms

–g

ot P

rom

etr

ic t

o h

elp

out.

•S

yste

mic

pro

ble

ms –

I am

a thorn

in t

he s

ide o

f IR

S

Page 27: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ryth

ing A

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t E

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m ©

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SE

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ms.c

om

201

5

27

Do

Wh

at W

hen

Yo

u P

ass

•W

hen y

ou p

ass, file

Form

23, th

e a

pplic

ation t

o b

ecom

e

and E

A w

ith I

RS

-and $

30

File

onlin

e o

r vi

a p

aper

-htt

p://w

ww

.irs

.gov/

pub/irs

-pdf/f2

3.p

df

Onlin

e –

ww

w.p

ay.

gov

when y

ou p

ay,

you a

lso f

ile t

he

applic

ation.

•IR

S w

ill d

o a

backgro

und c

heck

, prim

arily

focusin

g o

n

your

tax

filin

g a

nd p

aym

ent

his

tory

.

•A

bout

2-5

month

s late

r, y

ou w

ill g

et yo

ur

T-c

ard

(T

reasury

Card

…old

sla

ng

).

•TaxM

am

EA

Ap

plicati

on

Str

ate

gy

Page 28: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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ryth

ing A

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t E

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m ©

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SE

xa

ms.c

om

201

5

28

Fo

rm 2

3

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3/2

3/2

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ing A

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t E

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m ©

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w.IR

SE

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ms.c

om

201

5

29

Fo

rm 2

3 p

age

2

Do

yo

u n

otic

e w

ha

t th

ey

do

n’t

ask a

bou

t?

Page 30: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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ryth

ing A

bou

t E

A E

xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

30

Ho

w L

on

g?

You n

eed to a

ddre

ss t

hat

to g

et

a P

TIN

–so t

hat should

be r

esolv

ed b

y now

.Y

ou n

eed to a

ddre

ss t

hat

to g

et

a P

TIN

–so t

hat should

be r

esolv

ed b

y now

.

Page 31: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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ryth

ing A

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m ©

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SE

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ms.c

om

201

5

31

Tax

Mam

a’s®

EA

Exa

m

Rev

iew

Un

iqu

enes

s

If y

ou

alre

ad

y kn

ow

ta

x a

nd o

nly

wa

nt

a r

evi

ew

–a

ny

co

urs

e

will

do

. T

he

y a

re A

LL

go

od

–a

nd

mu

ch c

he

ape

r.

To le

arn

ta

x, c

lien

t m

an

age

me

nt,

ta

x str

ate

gy a

nd

ho

w t

o

pa

ss th

e e

xam

s –

AN

D h

ow

to

ma

ke a

liv

ing

Th

is is

th

e o

nly

co

urs

e f

or

yo

u .

When y

ou

nee

d a

me

nto

r, c

he

erle

ad

er

an

d a

dvi

so

r –

Ta

xMa

ma®

is th

ere

fo

r yo

u.

Page 32: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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ve

ryth

ing A

bou

t E

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m ©

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SE

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ms.c

om

201

5

32

Tax

Mam

a’s®

EA

Exa

m

Rev

iew

Co

urs

es

•L

ive C

lass

–M

ay

thro

ug

h O

cto

ber

•T

ues a

nd T

hurs

–Learn

Tax –

So

lvin

g the T

ax P

uzzl

e

•S

atu

rda

y –

4 h

ours

–U

sua

lly E

A E

xam

Revie

w•

Th

ere

are

so

me

Sa

turd

ays

wh

en

we

Le

arn

Ta

x

•T

he T

axB

ook

Lib

rary

On

line w

ith 3

years

’ data

•In

sta

nt G

ratif

icatio

n –

get a

nsw

ers

durin

g c

lass

•V

ide

o a

nd a

udio

Record

ing

s o

f th

e li

ve s

essio

ns (

i.e. th

e c

ours

edata

is

upd

ate

d o

nly

aft

er

the li

ve c

lass)

•S

elf

Stu

dy

–Y

ear-

round

•V

ide

o a

nd a

udio

Record

ing

s o

f th

e li

ve s

essio

ns (

i.e. th

e c

ours

edata

is

upd

ate

d o

nly

aft

er

the li

ve c

lass)

•In

vite

d t

o 2

liv

e s

essio

ns p

er

month

•G

et answ

ers

by

em

ail

•A

ll s

tud

en

tsget a

ll oth

er

mate

rials

, books a

nd G

leim

and F

ast

Fo

rward

Ac

ad

em

ysoft

ware

and s

upport

, stu

dy

bu

dd

ies, D

ropbox

access w

hic

h c

onta

ins s

pecia

l resourc

es just fo

r yo

u.

Page 33: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

5E

ve

ryth

ing A

bou

t E

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xa

m ©

ww

w.IR

SE

xa

ms.c

om

201

5

33

Tax

Mam

a’s®

EA

Exa

m R

evie

w

Lib

rary

(th

e B

oar

d)

We r

ecord

each c

lass. If y

ou m

iss a

cla

ss –

don

’t w

orr

y.

Befo

re e

ach c

lass,

you w

ill f

ind a

PD

F f

ile o

f th

e L

ectu

re –

to p

rint an

d

take n

ote

s o

n.

With

in 4

8 h

ours

or

less,

you w

ill h

ave

1.

The P

DF

of

the lectu

re P

ow

erP

oin

t

2.

A r

ep

lay

of

the c

lass –

you c

an s

ee the c

lass a

s if

you h

ad b

een t

here

but

you c

an s

kip

aro

und,

directly

to th

ose top

ics im

port

ant to

yo

u.

3.

An a

ud

io r

ecord

ing o

f th

e c

lass

4.

MP

3 a

ud

io v

ers

ion, so y

ou c

an a

lso d

ow

nlo

ad s

essio

ns a

nd lis

ten o

n

your

port

ab

le p

laye

rs w

hile

yo

u w

ork

out or

do la

undry

.

The c

lasses s

tart

at 5 m

inute

s a

fter

each h

our,

SH

AR

P. W

e m

ight ta

ke a

5-m

inute

bre

ak a

t th

e e

nd o

f each h

our.

Or

not, u

sually

-N

OT

. D

urin

g the 4

-hour

Satu

rda

y sessio

ns,

we d

ota

ke b

rea

ks.

Page 34: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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34

CE

Cre

dit

s

•T

he liv

e S

olv

ing

the T

ax

Puzzl

e (

learn

ing

) cla

sses

will

pro

vide

2 h

ours

of

CE

per

sess

ion f

or

EA

s, C

PA

s a

nd t

hose w

anting

vo

lunta

ry C

PE

(yo

u m

ust

answ

er

polli

ng

questions d

uring

cla

ss t

o g

et cre

dit)

•F

ree t

o s

tudents

reg

iste

ring

and p

ayi

ng

for

the c

ours

e

during

the c

urr

ent ye

ar.

•$10 p

er

CE

hour

for

prior

year

stu

dents

and those a

uditin

g

the c

lasses.

(N

ote

: prior

year

stu

dents

can a

udit

for

free)

•T

he F

inal R

evi

ew

cla

sses –

NO

CE

cre

dit

s p

erm

itte

d b

y t

he

IRS

or

NA

SB

A.

•T

he S

elf-

Stu

dy

cla

sses? N

o C

E c

redits

Page 35: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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m ©

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35

Stu

dy

Tip

s

•E

ach

pe

rso

n h

as d

iffe

ren

t le

arn

ing s

tyle

s

•T

axM

am

pro

vides t

ools

to h

elp

you identify

your

ow

n

optim

al le

arn

ing s

tyle

•T

axM

am

a p

rovi

des t

ools

to h

elp

you c

apitaliz

e o

n y

our

learn

ing

sty

le

•S

tud

yin

g w

ith

oth

ers

he

lps k

ee

p y

ou

ta

rge

t

•T

axM

am

pro

vides S

tudy

Buddie

s a

nd s

tudy

guid

es

•T

axM

am

pro

vides o

nlin

e s

tudy

hall

tools

you c

an u

se

for

free. S

om

e e

ven a

llow

you t

o r

ecord

your

sess

ions.

•T

axM

am

pro

vides t

ips o

n h

ow

to s

tudy

tog

eth

er

Page 36: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

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5E

ve

ryth

ing A

bou

t E

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xa

m ©

ww

w.IR

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Arm

and

D’A

losa

id

It w

as w

ort

h e

very

penn

y.

You r

eally

get

com

fort

able

that yo

u c

an d

o this

.

I had a

bout 20 y

ears

of exp

erience a

nd I h

ate

ta

kin

g t

ests

.

She a

lso g

ives a

LO

T o

f pra

ctice a

ids.

TO

NS

OF

SU

PP

OR

T a

nd lots

of H

ugs.

Page 37: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

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An

yasa

id

•T

ax M

am

a E

nro

lle

d A

ge

nt

IRS

Exa

ms

Re

vie

w C

ou

rse

is

ev

en

mo

re

tha

n j

ust

a h

igh

-qu

ali

ty r

ev

iew

co

urs

e.F

irst

of

all

, it

in

clu

de

s th

e m

ost

curr

en

t co

nte

nt

cov

ere

d o

n t

he

SE

E e

xa

m,

an

d t

he

ma

teri

als

are

inte

gra

ted

so

th

at

all

le

ctu

res,

pre

sen

tati

on

s a

nd

ho

me

-ta

sks

wo

rk

tog

eth

er

to h

elp

yo

u p

rep

are

in

th

e m

ost

eff

ect

ive

wa

y.

Se

con

dly

,

on

ce y

ou

sig

n u

p f

or

this

co

urs

e y

ou

ge

t a

FA

MIL

Y a

nd

yo

u b

eco

me

an

imp

ort

an

t F

AM

ILY

ME

MB

ER

, w

he

re p

eo

ple

aro

un

d y

ou

ha

ve

th

e

sam

e g

oa

l a

s y

ou

do

.

•I

pa

sse

d a

ll t

hre

e p

art

s o

n m

y f

irst

try

. I

acc

om

pli

she

d t

his

wit

h t

he

kn

ow

led

ge

an

d s

up

po

rt I

re

ceiv

ed

fro

m t

he

Ta

x M

am

a E

nro

lle

d A

ge

nt

IRS

Exa

m R

ev

iew

. I

am

pro

ud

to

be

a m

em

be

r o

f th

e T

ax M

am

a

fam

ily

.

Page 38: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

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ryth

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bou

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Tim

Sai

d

Ju

st

a n

ote

to

sa

y I

really

en

joye

d y

ou

r R

evi

ew

co

urs

e.

It

wa

s a

hu

ge

he

lp to

me t

o r

ele

arn

ta

x sin

ce

passin

g t

he

C

PA

exa

m b

ack in

20

00

an

d th

en

win

din

g u

p d

oin

g

valu

atio

ns.

Aw

eso

me

, a

we

so

me

lectu

res, m

ate

ria

ls,

an

d r

eso

urc

es,

just

a w

ea

lth

of

gre

at m

ate

ria

l.

I p

asse

d a

ll th

ree

pa

rts

of

the E

A o

n f

irst a

ttem

pt o

ver

a 6

-w

k p

erio

d,

an

d I fo

und

th

e c

om

bo

of

you

r le

ctu

res/s

lide

s,

Fa

stT

ax,

and

Mik

e R

ee

d's

Exc

el re

vie

w s

he

ets

we

re

very

he

lpfu

l in

pa

ssin

g.

Page 39: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

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ryth

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Tax

Mam

a® G

uar

ante

e

If y

ou d

on’t p

ass, yo

u s

tay

in t

he c

lass…

Until yo

u d

o p

ass, n

o m

att

er

ho

w l

on

g i

t ta

kes.

You o

nly

pa

y fo

r update

d s

oft

ware

, if a

pplic

ab

le.

(at th

is tim

e I h

ave

neg

otiate

d f

ree r

ene

wa

ls f

or

last

year’s s

tudents

. E

arl

ier

stu

dents

will

ha

ve to

pa

y fo

r th

e s

oft

ware

.)

No

te:

we

do

re

se

rve

th

e r

igh

t to

eje

ct

an

yon

e,

at

an

y tim

e f

or

rud

en

ess a

nd

d

isru

ptive

ne

ss.

No

re

fun

ds,

no

sym

pa

thy.

We’v

e o

nly

eve

r d

on

e t

ha

t tw

ice

in

ou

r ve

ry lo

ng

his

tory

.

Page 40: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

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ve

ryth

ing A

bou

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m ©

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w.IR

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Tax

Mam

a’s®

EA

Exa

m R

evie

w

Dis

cou

nt

Re

gis

ter

By

Mid

nig

ht

Ap

ril 1

, 2

01

5 E

ST

!

•h

ttp://irs

exa

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am

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gis

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Page 41: All About EA Exam 2015 - TaxMamataxmama.com/wp-content/uploads/2014/03/Lecture_All_About...than they were before. Average passage rates for folks taking Part 1 in 2014 is about 75%

3/2

3/2

01

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Rep

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and

Rec

ord

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s

Yo

u w

ill f

ind

ha

nd

ou

ts a

nd

th

e r

ep

lay

of

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s s

essio

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th

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lace

s w

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in t

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24 h

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sexam

s.c

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/new

s-f

aqs/

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am

a.c

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/?p=

12537

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p://taxm

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iste

r T

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count -

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cou

nt code: D

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sexam

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