A Smart Approach to the Tax Preparer’s Exam

In a manner of speaking, there is still plenty of time until the end of December 2013 for tax professionals who wish to do so to prepare for and pass the IRS competency exam. However, for candidates who are yet to schedule their exam, there is always the possibility to be lulled into a false sense of security because the deadline is 12 months away. A wiser approach could be to just look for a window in time, either before the tax season is in full swing or shortly after April 15, to focus on preparing for and passing the RTRP exam.

For most tax professionals, preparing for the IRS competency examination should require no more than a few weeks 200-300. Taking the exam begins with a commitment to do so by simply scheduling an exam date with Prometric. Then it is just a matter of freeing up some time from manageable responsibilities and from distractions, and focusing for a while (maybe three to four weeks) on preparing for the exam.

A systematic study plan will increase the chances of covering the material outlined in the test specification outline and passing the exam on the first attempt. While preparing for the exam, the candidate’s main focus ought to be on optimizing the use of the allotted time slot, practicing in a computerized testing environment, putting aside all distractions and subduing any sign of procrastination.

It will help to look at the IRS competency exam as an excellent opportunity for the tax professionals to discover ways to better serve their clients and to add value to the services provided to them. This mind set will help the RTRP tap into a positive mind-set that will make the competency exam preparation journey a lot easier to bear.We suggest use of what might be called the DPC formula for Registered Tax Preparer Candidates.The D stands for DECIDE.

Before even starting to prepare for the exam, the RTRP exam candidate should decide unquestionably to pass the competency exam on the first attempt. Such clear-cut decision makes all the difference. Taking any exam is the kind of experience most people want to enjoy but once. There are good moments about it, like when the preparation effort leads to success, but also not so good moments such as when a candidate has to repeat the exam.

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