Written by Guest Blogger KP
I finished all of the study units in the EA Part 1 review book. The last 3 study units (“Individual Retirement Accounts”, “Gift Tax”, and “Estate Tax”) were a lot easier than the study units on Basis and Business Property, so this gave me some of my confidence back! I have been reading the posts of the other bloggers, and it looks like they have some tax experience in their background, so sometimes I wonder if it makes sense to get the EA designation beforehand (I do have some accounting work experience, but nothing strictly tax related). But I know it will help me in my job search after school, plus I do enjoy learning the material! However, at times, I feel a bit overwhelmed with the amount of information and detail that we need to learn for the exam. I am pursuing an accounting emphasis with my MBA, so this definitely came in handy on the study units regarding Basis. The material was just a bit more difficult because it seemed like there were a lot more exceptions to learn, and you really have to pay attention to every little detail in the review questions. Missing one little bit of information can really screw you up and cause you to answer the questions incorrectly!
I also recently decided that I will be taking a rather full load for summer courses, as I would love to finish my MBA by next spring. That being said, I really need to get my second EA exam done before I get very busy toward the middle of the semester. I have 2 weeks left before school starts up again, so I am going to start answering the software questions for each study unit. I hope to have that review finished up in the next couple weeks, and lastly, I will do the true/false and multiple-choice questions from the online part of the Gleim system. I feel like that will be an excellent final review and will prep me best for taking the exam by the end of June!