Methods Used To Study For The Tax Law Exam
The tax law exam is readily available for practice examination. As a means for learning nothing can beat sheer repetition. Pedagogy, the science of teaching, has recognized for years that any complex subject involves hardcore memorization. This applies to languages, mathematics, science, history and law. Taking a test can even fall into this provenance of learning by repetition. I know this because taking tests can be confusing; I am very bad at taking them but know my subject matter quite well. Practice does make often perfect and certainly gives the student more confidence in their abilities. This I believe is the strength of repetition, the acquisition of confidence and mastery of the subject matter. Through several means, the student of the law can become proficient in federal, state and international tax law.
One such tool is the Enrolled Agent Exam, by which any tax agent recognized by the IRS can qualify as a certified tax expert in the Federal Taxation system. This distinction comes after passing the IRS Special Enrollment Examination which occurs annually. The definition of an IRS recognized tax agent is a CPA, attorney, state or federal civil service employee serving in a tax oriented agency or an agent of the IRS. He or she is a tax professional who has passed the IRS test which covers all aspects of the tax code. It has as its' central core the U.S. Federal Tax Law, a complicated system to say the least, which changes more frequently than the tide. Several schools and businesses offer self-study packages that cover all current federal tax laws and practice exams with answers through the Internet. These courses provide graded tests after each subsection and comments from assigned instructors. Their average cost per semester hour is $9.92. You should check if these courses are approved by the IRS before enrolling.
Of course you can self-study for the IRS Special Enrollment Examination which takes place every September. You must first sign up for the test ahead of time; there are only a limited number of seats. There are websites that helpfully direct to where you can learn more about the Enrolled Agent course, how to sign up for the test, how to study for it and where to find the best references materials to assist you in studying for it. The IRS has even released the 2005 IRS Special Enrollment Examination test with answers so you may practice taking the test as frequently as possible.
Another method used to study for the tax law exam or the IRS Special Enrollment Examination is through enrollment in the continuing professional education or graduate school in many qualified universities and colleges. They offer CPE courses such as accounting and finance for lawyers, estate and gift taxation, estate planning, federal income tax, LLC, LLP partnership tax, multinational tax/international tax, non-profit organizations, and state and local taxation. Certain top accredited universities offer a graduate degree LLM in taxation which prepares you to become an unparalleled tax professional. They offer five courses and 33 electives in tax law. These graduate programs offer a balanced curriculum which considers tax law theory, ethics and the practical needs of the tax professional. Whether you do it yourself, use remote learning via the Internet or attend an accredited graduate law school, there exists apple means to pass the tax law exam.
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