If you are considering taking the enrolled agent exam and don't have a lot of money to spend, then you will want to read this article.  While there are a lot of enrolled agent prep courses, that cost around $500, there are also a few prep courses that you can enroll in for $200 that are just as good.  One course that comes to mind is the wiseguides ea review which provides you all three sections of the enrolled agent exam and is entirely online.  The beauty of the wiseguides ea review course, is that it's constantly updated and as the tax code and test is changed yearly, the course is updated to reflect those changes.

The other really nice thing about the wiseguides ea review course, is the fact that the company that produces the course, also provides students a money-back guarantee. And unlike some companies where you have to take the test several times and jump through a bunch of hoops, just to get your money-back, the wiseguides process is pretty straightforward. Not to mention since the course is right around $200, if you find that you need additional help or coaching in a particular section of the exam, you can also purchase the video review course from lambers ea review, and not break the bank.

If you are trying to decide between the gleim ea review course and the wiseguides ea review course, then you will want to read this article.  For students who are attempting the enrolled agent course for the first time, the best option to help prepare for and pass the enrolled agent course, is the gleim ea review.  Not only does the gleim ea review course offer a lot more content, practice questions and more features that you want, but it doesn't cost that much more than the wiseguides ea review course.  

So then you maybe wondering who the wiseguides ea review course is good for?  Really the students who are best suited for the wiseguides ea review course, are those students who have a limited budget to spend and or those students who only need to review one section of the enrolled agent exam.  The wiseguides ea review cost for a single section of the course, really cannot be beat.  That said, you have to understand that you will not get all the features that you would expect if you purchase the gleim ea review course.  For example, the wiseguides ea review course doesn't have any adaptive learning technology and the entire course frankly feels like it hasn't been updated in some time.  That said, you can still successfully pass the enrolled agent exam using the wiseguides ea review course, so it's not horrible, but you should know what you are getting.  

You should also keep in mind that whichever course you do end up purchasing and enrolling in, that unless you spend the time to study and utilize the course, you aren't going to pass the exam.  While the enrolled agent exam is not extremely difficult, the exam does cover quite a bit of material and you will be expected to memorize some content and understand how to do basic tax calculations.

The relationship between stockholders and management is called an agency relationship.  Such a relationship exists whenever someone (the principal) hires another (the agent) to represent his or her interests. For example, you might hire someone (an agent) to sell a car that you own while you are away at school. In all such relationships there is a possibility of a conflict of  interest between the principal and the agent. Such a conflict is called an agency problem and as an enrolled agent, it is something you want to make sure you are avoiding.

Suppose you hire someone to sell your car and you agree to pay that person a flat fee when he or she sells the car. The agent’s incentive in this case is to make the sale, not necessarily to get you the best price. If you offer a commission of, say, 10 percent of the sales price instead of a flat fee, then this problem might not exist. This example illustrates that the way in which an agent is compensated is one factor that affects agency problems.  While it is sometimes impossible to avoid any conflicts of interest, generally you at least want to be aware of the potential for conflicts of interest to arise in a company.

The initial emphasis and personal financial planning is, and should be on the first word, personal.  Every client you deal with his a unique individual and needs and deserves to be treated that way. What makes each person unique and how does that impact rolls a financial planner, obviously, each provides distinctive financial circumstances make him unique, as do his personal goals and priorities.  Thus, as an enrolled agent you want to discuss not only what your clients unique goals are, but also has debt, personal activity, property, and liabilities.It is also important to understand influential factors, the make up your clients personal choices. For example different clients are going have different religious views, country of origin, urban or rule home life. These unique differences, will impact how they save, how they invest, and how they plan for retirement.

Each of these influencers affects all of us to a varying degree and often in surprisingly different ways. For example two old friends and business partner Sam and Abe are children of the Depression. Both of them saw the parents dealt with similar hardships during the 1930s, and as a result, the two friends have very different perspectives on dealing with their own financial good fortune.  As you will find out in the fast forward academy, when discussing how to save or plan for retirement, it is important to not only define your clients unique goals and perspectives, but also his influencers.  For example, an individual who had lost a great deal of money in the stock market previously, maybe too scared to make a financial decision when it comes to investing a large sum of their retirement fortunes.  Thus, it is necessary for you as their trusted adviser, to help them through personal issues that maybe clouding their judgement and together come to a reasonable judgement in how to structure their retirement income.

For tax specialists who are looking to earn more money and become a well respected and trusted professional, you really must become an enrolled agent.  In order to become an enrolled agent, you must pass a three-part exam, which demonstrates your proficiency of the tax code and tax preparation.  One of the best ways to prepare for the exam is to enroll in a software based prep course, like the surgent ea review.  Courses like the surgent ea review, provide you access to over one thousand questions, many of which are going to be very similar, if not identical to questions on the actual test.

Of course, there are traditional classes that you can enroll in, that are offered by a number of community colleges.  And while the classes can be beneficial for those students who have limited to no tax preparation experience, in most cases they are overkill.  Besides the surgent ea review software, there are about a dozen other providers of similar software and coaching courses.  For example, wiseguides ea review provides a very reasonable enrolled agent course, that can most certainly help you pass the exam on your first attempt.  That said, you really want to fully research the various enrolled agent courses, before you put down your hard-earned money.  Not all of the courses and training programs available are created equal, and while one course may cost you a few hundred dollars more, chances are it's going to be more up to date and offer a lot more resources.  And when it comes to preparing for the enrolled agent course, the last thing you want to do is be extremely cheap and get the lowest priced training course.  Another thing to keep in mind is that many providers offer different guarantee's and warranties on their courses, so in the event that you need additional time or you failed the test on your first attempt, depending on which provider you choose could mean the difference between qualifying for your money back or not receiving any refund.