I haven’t decided if I’m going to take the RTRP exam. Since I’m an Enrolled Agent (EA), I don’t have to. However, if I start having problems explaining to potential clients that I don’t have to take the exam, I might change my mind.
TaxPro Today talked to preparers who have taken the test for their impressions and suggestions for other preparers. What caught my eye were several who pointed out that despite the test being open book that you really don’t have that much time to look up info. The test is allotted for two and a half hours (150 minutes) and has 120 questions which works out to one and a quarter minute for each question. That’s not a lot of time to look anything up. The test takers also make suggestions for preparing for the test and the exam process.
The IRS is strongly suggesting taking the test soon and not waiting to the last minute.