Finance Exam Prep

By Ran Chen, EA, CFP®

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Episodes: 152

Description

Finance Exam Prep is a daily podcast designed to help future tax and finance professionals pass their certification and licensing exams with clarity and confidence. Built and operated by OpenExamPrep, this podcast breaks down major tax exams into focused, easy-to-digest episodes covering the CPA & Enrolled Agent (EA) Exam, including Part 1 (Individuals), Part 2 (Businesses), and Part 3 (Representation, Practices, and Procedures). Each episode targets one key tax concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions. Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Tax Exam Prep was developed from firsthand experience with how complex—and often poorly explained—tax exam material can be. The goal is simple: make tax exam preparation clearer, more accessible, and more effective through structured explanations and modern learning tools. Whether you’re preparing for the EA Exam, transitioning into a tax career, or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time. Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/

Episode Date
Enrolled Agent Exam [Part 2] 52, Business Casualty Losses
Jun 18, 2026
Enrolled Agent Exam [Part 2] 51, Bad Debt Deduction — Specific Charge-off
Jun 17, 2026
Enrolled Agent Exam [Part 2] 50, Involuntary Conversions — §1033 Deferral
Jun 16, 2026
Enrolled Agent Exam [Part 2] 49, Like-Kind Exchanges — §1031 (Real Property Only)
Jun 15, 2026
Enrolled Agent Exam [Part 2] 48, Section 1231 — Sale of Business Property
Jun 14, 2026
Enrolled Agent Exam [Part 2] 47, Section 1250 Depreciation Recapture
Jun 13, 2026
Enrolled Agent Exam [Part 2] 46, Section 1245 Depreciation Recapture
Jun 12, 2026
Enrolled Agent Exam [Part 2] 45, Alternative Depreciation System (ADS)
Jun 11, 2026
Enrolled Agent Exam [Part 2] 44, Listed Property — Vehicles and Computers
Jun 10, 2026
Enrolled Agent Exam [Part 2] 43, Section 179 Expensing — Limits
Jun 09, 2026
Enrolled Agent Exam [Part 2] 42, Bonus Depreciation — Phase-Down Schedule
Jun 08, 2026
Enrolled Agent Exam [Part 2] 41, MACRS Conventions — Half-Year, Mid-Quarter, Mid-Month
Jun 07, 2026
Enrolled Agent Exam [Part 2] 40, MACRS — Modified Accelerated Cost Recovery System
Jun 06, 2026
Enrolled Agent Exam [Part 2] 39, Depreciation Basics — Useful Life and Method
Jun 05, 2026
Enrolled Agent Exam [Part 2] 38, UNICAP — §263A Capitalization Rules
Jun 04, 2026
Enrolled Agent Exam [Part 2] 37, Ordinary and Necessary Expenses — §162
Jun 03, 2026
Enrolled Agent Exam [Part 2] 36, Gross Receipts and Cost of Goods Sold
Jun 02, 2026
Enrolled Agent Exam [Part 2] 35, Related-Party Transactions and §267
Jun 01, 2026
Enrolled Agent Exam [Part 2] 34, Tax Year Changes — Form 1128
May 31, 2026
Enrolled Agent Exam [Part 2] 33, Form 7004 — Business Tax Extensions
May 30, 2026
Enrolled Agent Exam [Part 2] 32, Accounting Period Election — Calendar vs Fiscal
May 29, 2026
Enrolled Agent Exam [Part 2] 31, Choosing the Right Entity — Tax Comparison
May 28, 2026
Enrolled Agent Exam [Part 2] 30, S Corp Reasonable Compensation Requirement
May 27, 2026
Enrolled Agent Exam [Part 2] 29, S Corp Termination — Voluntary and Involuntary
May 26, 2026
Enrolled Agent Exam [Part 2] 28, S Corp Distributions — Tax Treatment
May 25, 2026
Enrolled Agent Exam [Part 2] 27, S Corp Accumulated Adjustments Account (AAA)
May 24, 2026
Enrolled Agent Exam [Part 2] 26, S Corporation Stock Basis vs Debt Basis
May 23, 2026
Enrolled Agent Exam [Part 2] 25, S Corporation — Eligibility and Election (Form 2553)
May 22, 2026
Enrolled Agent Exam [Part 2] 24, C Corp Liquidation — §331 and §336
May 21, 2026
Enrolled Agent Exam [Part 2] 23, C Corp Distributions — Dividends, ROC, Capital Gain
May 20, 2026
Enrolled Agent Exam [Part 2] 22, Section 1202 Qualified Small Business Stock
May 19, 2026
Enrolled Agent Exam [Part 2] 21, Corporate Net Operating Losses — Post-TCJA Rules
May 18, 2026
Enrolled Agent Exam [Part 2] 20, Corporate Alternative Minimum Tax (CAMT)
May 17, 2026
Enrolled Agent Exam [Part 2] 19, Accumulated Earnings Tax and PHC Tax
May 16, 2026
Enrolled Agent Exam [Part 2] 18, Dividends-Received Deduction (DRD)
May 15, 2026
Enrolled Agent Exam [Part 2] 17, C Corporation — Computing Taxable Income
May 14, 2026
Enrolled Agent Exam [Part 2] 16, C Corporation Formation — §351 Nonrecognition
May 13, 2026
Enrolled Agent Exam [Part 2] 15, Check-the-Box Election — Form 8832
May 12, 2026
Enrolled Agent Exam [Part 2] 14, Single-Member LLC — Disregarded Entity Rules
May 11, 2026
Enrolled Agent Exam [Part 2] 13, Limited Liability Company (LLC) — Default Tax Classification
May 10, 2026
Enrolled Agent Exam [Part 2] 12, Partnership Termination and Dissolution
May 09, 2026
Enrolled Agent Exam [Part 2] 11, Schedule K-1 (Form 1065) — Partner Reporting
May 08, 2026
Enrolled Agent Exam [Part 2] 10, Partnership Distributions — Cash and Property
May 07, 2026
Enrolled Agent Exam [Part 2] 09, Guaranteed Payments to Partners — §707(c)
May 06, 2026
Enrolled Agent Exam [Part 2] 08, Special Allocations and §704(c) Built-In Gain
May 05, 2026
Enrolled Agent Exam [Part 2] 07, Partnership Allocations — §704(b) Substantial Economic Effect
May 04, 2026
Enrolled Agent Exam [Part 2] 06, Inside Basis vs Outside Basis
May 03, 2026
Enrolled Agent Exam [Part 2] 05, Partnership Formation — §721 Nonrecognition
May 02, 2026
Enrolled Agent Exam [Part 2] 04, Hobby vs Business — Activity for Profit Test
May 01, 2026
Enrolled Agent Exam [Part 2] 03, Schedule C — Common Deductible Expenses
Apr 30, 2026
Enrolled Agent Exam [Part 2] 02, Self-Employment Tax and Schedule SE
Apr 29, 2026
Enrolled Agent Exam [Part 2] 01, Sole Proprietorship Basics and Schedule C
Apr 28, 2026
Enrolled Agent Exam [Part 1] 100, Exam Day Strategies and Final Review
Apr 25, 2026
Enrolled Agent Exam [Part 1] 99, Form 1040 Review and Common Errors
Apr 24, 2026
Enrolled Agent Exam [Part 1] 98, Individual Taxpayer Identification Number (ITIN)
Apr 23, 2026
Enrolled Agent Exam [Part 1] 97, Tax Return Preparer Due Diligence
Apr 22, 2026
Enrolled Agent Exam [Part 1] 96, Fringe Benefits - Taxable vs Excludable
Apr 21, 2026
Enrolled Agent Exam [Part 1] 95, Recognition of Income - Cash vs Accrual
Apr 20, 2026
Enrolled Agent Exam [Part 1] 94, Tax Benefits for Adoption
Apr 19, 2026
Enrolled Agent Exam [Part 1] 93, Scholarships, Fellowships, and Educational Assistance
Apr 18, 2026
Enrolled Agent Exam [Part 1] 92, Standard Mileage Rates and Transportation
Apr 17, 2026
Enrolled Agent Exam [Part 1] 91, Retirement Plan Contribution Limits for 2025
Apr 16, 2026
Enrolled Agent Exam [Part 1] 90, Form 8949 Reporting Requirements
Apr 15, 2026
Enrolled Agent Exam [Part 1] 89, Earned Income Definition and Sources
Apr 14, 2026
Enrolled Agent Exam [Part 1] 88, Foreign Tax Credit Fundamentals
Apr 13, 2026
Enrolled Agent Exam [Part 1] 87, Backup Withholding Requirements
Apr 12, 2026
Enrolled Agent Exam [Part 1] 86, Statute of Limitations - Assessment and Collection
Apr 11, 2026
Enrolled Agent Exam [Part 1] 85, Offer in Compromise Basics
Apr 10, 2026
Enrolled Agent Exam [Part 1] 84, Qualified Charitable Distributions (QCD)
Apr 09, 2026
Enrolled Agent Exam [Part 1] 83, Health Savings Account Distributions
Apr 08, 2026
Enrolled Agent Exam [Part 1] 82, Statutory Employees and Form W-2
Apr 07, 2026
Enrolled Agent Exam [Part 1] 81, S Corporation Distributions and Basis
Apr 06, 2026
Enrolled Agent Exam [Part 1] 80, Sale of Partnership Interest
Apr 05, 2026
Enrolled Agent Exam [Part 1] 79, Excess Business Losses for Individuals
Apr 04, 2026
Enrolled Agent Exam [Part 1] 78, Net Operating Losses (NOLs)
Apr 03, 2026
Enrolled Agent Exam [Part 1] 77, Hobby Loss Rules
Apr 02, 2026
Enrolled Agent Exam [Part 1] 76, At-Risk Rules and Basis Limitations
Apr 01, 2026
Enrolled Agent Exam [Part 1] 75, Passive Activity Loss Carryovers
Mar 31, 2026
Enrolled Agent Exam [Part 1] 74, Form 8863 - Education Credits
Mar 30, 2026
Enrolled Agent Exam [Part 1] 73, Form 8962 - Premium Tax Credit Reconciliation
Mar 29, 2026
Enrolled Agent Exam [Part 1] 72, Household Employment Taxes
Mar 28, 2026
Enrolled Agent Exam [Part 1] 71, Cancellation of Debt Income
Mar 27, 2026
Enrolled Agent Exam [Part 1] 70, Like-Kind Exchanges under Section 1031
Mar 26, 2026
Enrolled Agent Exam [Part 1] 69, Installment Sales and Form 6252
Mar 25, 2026
Enrolled Agent Exam [Part 1] 68, Basis of Inherited Property
Mar 24, 2026
Enrolled Agent Exam [Part 1] 67, Gift Tax Fundamentals
Mar 23, 2026
Enrolled Agent Exam [Part 1] 66, Estate Tax Basics
Mar 22, 2026
Enrolled Agent Exam [Part 1] 65, Injured Spouse Claims
Mar 21, 2026
Enrolled Agent Exam [Part 1] 64, Innocent Spouse Relief
Mar 20, 2026
Enrolled Agent Exam [Part 1] 63, Kiddie Tax Rules
Mar 19, 2026
Enrolled Agent Exam [Part 1] 62, Education Savings Accounts and 529 Plans
Mar 18, 2026
Enrolled Agent Exam [Part 1] 61, Military Tax Benefits
Mar 17, 2026
Enrolled Agent Exam [Part 1] 60, Identity Protection PIN and Fraud Prevention
Mar 16, 2026
Enrolled Agent Exam [Part 1] 59, Prior Year Refund Applications
Mar 15, 2026
Enrolled Agent Exam [Part 1] 58, Recovering Refunds and Amended Returns
Mar 14, 2026
Enrolled Agent Exam [Part 1] 57, Underpayment Penalties and Exceptions
Mar 13, 2026
Enrolled Agent Exam [Part 1] 56, Estimated Tax Requirements
Mar 12, 2026
Enrolled Agent Exam [Part 1] 55, Withholding and Form W-4
Mar 11, 2026
Enrolled Agent Exam [Part 1] 54, Additional Medicare Tax
Mar 10, 2026
Enrolled Agent Exam [Part 1] 53, Net Investment Income Tax (NIIT)
Mar 09, 2026
Enrolled Agent Exam [Part 1] 52, Alternative Minimum Tax (AMT) - Individuals
Mar 08, 2026
Enrolled Agent Exam [Part 1] 51, Tax Computation Methods
Mar 07, 2026
Enrolled Agent Exam [Part 1] 50, Other Nonrefundable Credits
Mar 06, 2026
Enrolled Agent Exam [Part 1] 49, Premium Tax Credit and Excess APTC Reconciliation
Mar 05, 2026
Enrolled Agent Exam [Part 1] 48, Residential Energy Credits
Mar 04, 2026
Enrolled Agent Exam [Part 1] 47, Adoption Credit and Employer-Provided Benefits
Mar 03, 2026
Enrolled Agent Exam [Part 1] 46, Retirement Savings Contributions Credit
Mar 02, 2026
Enrolled Agent Exam [Part 1] 45, Education Credits - Lifetime Learning Credit
Mar 01, 2026
Enrolled Agent Exam [Part 1] 44, Education Credits - American Opportunity Credit
Feb 28, 2026
Enrolled Agent Exam [Part 1] 43, Earned Income Tax Credit (EITC)
Feb 27, 2026
Enrolled Agent Exam [Part 1] 42, Child and Dependent Care Credit
Feb 26, 2026
Enrolled Agent Exam [Part 1] 41, Child Tax Credit and Additional Child Tax Credit
Feb 25, 2026
Enrolled Agent Exam [Part 1] 40, QBI Deduction - Limitations and Phase-Outs
Feb 24, 2026
Enrolled Agent Exam [Part 1] 39, Qualified Business Income (QBI) Deduction
Feb 23, 2026
Enrolled Agent Exam [Part 1] 38, Gambling Losses Deduction
Feb 22, 2026
Enrolled Agent Exam [Part 1] 37, Casualty and Theft Loss Deductions
Feb 21, 2026
Enrolled Agent Exam [Part 1] 36, Charitable Contributions - Property
Feb 20, 2026
Enrolled Agent Exam [Part 1] 35, Charitable Contributions - Cash
Feb 19, 2026
Enrolled Agent Exam [Part 1] 34, Home Mortgage Interest Deduction
Feb 18, 2026
Enrolled Agent Exam [Part 1] 33, State and Local Tax (SALT) Deduction
Feb 17, 2026
Enrolled Agent Exam [Part 1] 32, Medical and Dental Expenses
Feb 16, 2026
Enrolled Agent Exam [Part 1] 31, Itemized Deductions - Overview
Feb 15, 2026
Enrolled Agent Exam [Part 1] 30, Moving Expenses for Armed Forces
Feb 14, 2026
Enrolled Agent Exam [Part 1] 29, Educator Expenses Deduction
Feb 13, 2026
Enrolled Agent Exam [Part 1] 28, Student Loan Interest Deduction
Feb 12, 2026
Enrolled Agent Exam [Part 1] 27, Traditional IRA Contributions and Deductions
Feb 11, 2026
Enrolled Agent Exam [Part 1] 26, Health Savings Accounts (HSA)
Feb 10, 2026
Enrolled Agent Exam [Part 1] 25, Self-Employment Tax Calculation
Feb 09, 2026
Enrolled Agent Exam [Part 1] 24, Adjustments to Income - Overview
Feb 08, 2026
Enrolled Agent Exam [Part 1] 23, Foreign Income and Foreign Accounts
Feb 07, 2026
Enrolled Agent Exam [Part 1] 22, Virtual Currency and Cryptocurrency Taxation
Feb 06, 2026
Enrolled Agent Exam [Part 1] 21, Schedule 1 - Additional Income
Feb 05, 2026
Enrolled Agent Exam [Part 1] 20, Alimony and Separate Maintenance
Feb 04, 2026
Enrolled Agent Exam [Part 1] 19, Unemployment Compensation and Other Income
Feb 03, 2026
Enrolled Agent Exam [Part 1] 18, Social Security Benefits Taxation
Feb 02, 2026
Enrolled Agent Exam [Part 1] 17, Roth IRA Rules and Qualified Distributions
Feb 01, 2026
Enrolled Agent Exam [Part 1] 16, IRA Distributions and Taxation
Jan 31, 2026
Enrolled Agent Exam [Part 1] 15, Retirement Income - Pensions and Annuities
Jan 30, 2026
Enrolled Agent Exam [Part 1] 14, Passive Activity Loss Rules
Jan 29, 2026
Enrolled Agent Exam [Part 1] 13, Depreciation of Rental Property
Jan 28, 2026
Enrolled Agent Exam [Part 1] 12, Rental Real Estate Income and Expenses
Jan 27, 2026
Enrolled Agent Exam [Part 1] 11, Sale of Principal Residence
Jan 26, 2026
Enrolled Agent Exam [Part 1] 10, Sale of Stocks and Bonds
Jan 25, 2026
Enrolled Agent Exam [Part 1] 09, Capital Gains and Losses Introduction
Jan 24, 2026
Enrolled Agent Exam [Part 1] 08, Interest and Dividend Income
Jan 23, 2026
Enrolled Agent Exam [Part 1] 07, Self-Employment Income Basics
Jan 22, 2026
Enrolled Agent Exam [Part 1] 06, Wages, Salaries, and Tips
Jan 21, 2026
Enrolled Agent Exam [Part 1] 05, Gross Income Inclusions
Jan 20, 2026
Enrolled Agent Exam [Part 1] 04, Dependent Rules and Requirements
Jan 19, 2026
Enrolled Agent Exam [Part 1] 03, Standard Deduction for 2025
Jan 18, 2026
Enrolled Agent Exam [Part 1] 02, Filing Status Determination
Jan 17, 2026
Enrolled Agent Exam [Part 1] 01, Introduction to Individual Taxation
Jan 15, 2026