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Topics Covered at Least Seven Times in the Last 10 Publicly Available EA Exams

  
Studying for the EA exam? Here are some topics you will want to focus on. To be even more prepared to pass the exam, register for NSA's Enrolled Agent Exam Review Course!

  • Requirements to File a Return
  • Exemption Deductions – Gross Income Test
  • Filing Status – Head of Household
  • Statutory Fringe Benefit Exclusions
  • Dividend Income – Dividend Reinvestment Plans
  • Prepaid Rental Income and Deposits
  • Reporting Rental Income – Vacation Rental Homes
  • Social Security Income – Basic Computation
  • Passive Activities – The $25,000 Real Estate Exception
  • Investment Incomes – Mutual Funds and REITS
  • Miscellaneous Income – Members of the Clergy
  • Prizes, Awards, and Scholarships
  • Forgiveness of Indebtedness Income
  • Requirements for Alimony for Tax Deduction/Inclusion
  • Medical Expenses of Dependents and Family Members
  • Qualifying Medical Costs
  • Medical Expenses – Capital Expenditures
  • Interest Expense – Home Acquisition and Home Equity Interest
  • Charitable Deductions – Qualifying Organizations and Contributions
  • Charitable Contributions – Limits on Contributions of Property
  • Charitable Contributions – Substantiation
  • Casualty and Theft Losses – Determining the Deduction
  • Employee Business Expenses – Meals and Entertainment
  • Employee Business Expenses – Transportation and Auto Expenses
  • Travel Expenses of Employees or Self-Employed Individuals
  • Reimbursed Employee Expenses and Required Documentation
  • Education Expenses of Employees
  • Miscellaneous Itemized Deductions Subject to the 2% AGI Floor
  • Capital Assets – Holding Period
  • Statutory Gain or Loss – Transactions Between Related Parties
  • Statutory Gain or Loss – Nonbusiness Bad Debts
  • Statutory Gain or Loss – Miscellaneous (1244 Stock, Worthless Stock)
  • Like-kind Exchanges – Adjusted Basis of New Property
  • Determining Adjusted Basis – Purchased Property
  • Determining Adjusted Basis – Stock and Stock Dividends
  • Determining Adjusted Basis – Gift Property
  • Determining Adjusted Basis – Inherited Property
  • Capital Gain or Loss Netting – 15%-Rate "Pure" Capital Assets
  • Determining Net Capital Losses and Carryovers
  • Exclusion of Gain on Sale of a Residence – Qualifications
  • Exclusion of Gain on Sale of a Residence – Computations
  • Installment Sales – Basic Computations
  • Dispositions of Installment Notes
  • Child and Dependent Care – Qualified Expenses
  • Earned Income Credit – General Qualifications
  • Earned Income Credit – Basic Computations
  • Child Tax Credit
  • Individual Alternative Minimum Tax – Adjustments and Preferences
  • Alternative Minimum Tax Computation and Related AMT Credit
  • Estimated Tax Requirements and Underpayment Penalties
  • Refund Claims and Extensions
  • Employment Tax Issues for Individuals (Household, Clergy, etc.)
  • Individual Retirement Accounts – Qualifications
  • Individual Retirement Accounts – Earned Compensation Defined
  • IRAs and Other Pension Plans – Prohibited Transactions
  • Individual Retirement Accounts – Contributions and Deductions
  • Roth IRAs
  • Excess Contributions to IRAs
  • IRA Distributions
  • Requirements to File a Gift Tax Return
  • Computing Taxable Gifts for Gift Tax Purposes
  • Gift Tax – Gift Splitting Election
  • Due Dates for Federal Estate Tax Return
  • Gross Estate – Inclusion Rules
  • Determining the Gross Estate
  • Estate Tax – Applying the Alternative Valuation Rules
  • Estate Tax – Deductions From the Gross Estate
  • Credits Against the Estate
  • Accounting Periods and Changes of Accounting Periods
  • Definition and Adoption of an Accounting Method
  • Farmers – Special Inventory Methods
  • Farmers – Weather-Related Sales and Tax Elections
  • Inventory Requirements and Permissible Methods
  • Inventories – Inventoriable Costs
  • Deductions – Losses Between Related Parties
  • Bad Debts Expense – Business vs. Nonbusiness Determinations
  • Recoveries of Bad Debts
  • MACRS – §179 Deductions
  • MACRS – Listed Property Rules and Luxury Auto Limitations
  • Rent and Leasehold Expenses – Deducting Prepaid Rent
  • Rent and Leasehold Expenses – Leasehold Improvements
  • Salary and Wage Expenses – General Requirements
  • Salary and Wage Expenses – Deductibility of Vacation Pay
  • Tax Treatment of Fringe Benefits
  • 197 Intangibles Defined
  • Determining Meals and Entertainment Deductions
  • Convention Travel Expenses
  • Expenses for Gifts
  • Business Interest Expense Deductions
  • Business Taxes Expense Deductions
  • Business Insurance Expense Deductions
  • Net Operating Losses – Basic Rules
  • Net Operating Loss Carryforwards and Carrybacks
  • Hobby Loss Rules
  • Casualty and Theft Losses – Noninventory Items
  • Casualty and Theft Losses – Inventory Items
  • Excise Taxes – Heavy Vehicle Motor Use Tax
  • Self-employed Earnings Defined
  • Determining Self-Employed Earnings
  • Estimated Taxes – Farm and Fishing Income
  • Determination of Basis – Lump-sum Purchases
  • Determining the Adjusted Basis of Real Estate
  • Special Gain (Loss) Rules – §1244 Stock
  • Like-kind Exchanges – Determining Gain or Loss
  • Like-kind Exchanges – Determining Basis of Replacement Properties
  • Partnerships – Definition and Legal Formalities
  • Partnerships – Determining Basis of a Partnership Interest
  • Partnerships – Accounting Methods Issues
  • Determining Ordinary Partnership Income and Special Allocations
  • Partner Reporting of Partnership Income Share
  • Determining Partnership Guaranteed Payment Deduction
  • Determining the Adjusted Basis of a Partner's Interest
  • Allocation of Partnership Losses – Basic Rules
  • Allocation of Partnership Losses With Liabilities
  • Partnership Profit and Loss Allocations for Family Partnerships
  • Partner/Partnership Related Party Attribution Rules
  • Resale of Partnership Property With a Disallowed Loss
  • Liquidating Partnership Distributions – Basis of Properties Received
  • Sale of a Partnership Interest Without §751 Assets
  • Sale of a Partnership Interest With §751 Assets
  • Entities – Check the Box Regulations
  • 351 Transfers – Basic Requirements
  • 351 Transfers – Transfers of Services
  • 351 Transfers – Gain (Loss) Without Boot Received
  • 351 Transfers – Gain (Loss) With Boot Received
  • 351 Transfers – Gain (Loss) With Liabilities Involved
  • 351 Transfers – Basis of Property Received by Corporation
  • 351 Transfers – Basis of Stock to Shareholders
  • 351 Transfers – Basis of Property to Shareholders
  • Disallowed Losses on Sales of Property Between Corporations and Shareholders
  • Corporate Capital Gains and Losses – Carryover of Capital Losses
  • Corporate Dividends Received Deduction – General Rule
  • Corporate Dividends Received Deduction – Income Limitations and Exceptions
  • Corporate Charitable Deduction – Limits on Deduction
  • Corporate Deduction – Compensation and Fringe Benefits
  • Controlled Corporate Groups – Special Limitations
  • Corporations – Schedule M-1 and M-3 Reconciliations of Book and Taxable Income
  • Corporate Filing Requirements and Due Dates
  • C Corporation Estimated Tax Payments
  • Corporate Form 1099 Filing Requirements
  • Corporate Filing Requirements at Liquidation
  • Corporate Earnings and Profits (E&P) – Adjustments Required to Determine E&P
  • Property Distributions – Effect on E&P
  • Corporate Distributions – Classification of Cash Distributions
  • C Corporation Redemptions – Dividend or Exchange Treatment
  • C Corporation Redemptions – Stock Attribution Rules
  • Corporate Distributions of Property – Gain or Loss to Shareholder
  • Corporate Distributions of Property – Gain or Loss to Distributing Corporation
  • Stock Dividends and Stock Rights
  • Liquidating Cash Distributions to Corporate Shareholders
  • S Corporations – Basic Requirements
  • S Corporation Election – Effective Date
  • Termination of an S Corporation Election
  • Tax on Excessive Passive Income of an S Corporation
  • S Corporations – Determining Ordinary Income and Specially Allocated Items
  • Allocation of S Corporation Losses – No Shareholder Loans
  • Allocation of S Corporation Losses – Shareholder Loans Also Present
  • Classifying S Corporation Distributions of Cash
  • Determining an S Corporation Shareholder's Stock Basis
  • Decedent's Final Income Tax Return – Gross Income Issues
  • Decedent's Final Income Tax Return – Deductions and Credits
  • Estates and Trusts – Form 1041 Filing Requirements
  • Estates and Trusts – Income in Respect of a Decedent
  • Simple and Complex Trusts Defined
  • Estates and Trusts – Taxable Income Calculation
  • Estates and Trusts – Determining Distributable Net Income (DNI)
  • Estates and Trusts – Beneficiary Income (Loss) Allocation Rules in General
  • Estates and Trusts – Computing the Allocated Income (Loss) to Beneficiaries
  • Grantor Trust Issues
  • Keogh Retirement Plans – Basic Requirements
  • Keogh Retirement Plans – Contribution and Deduction Limits
  • SEP-IRAs – Basic Rules
  • SIMPLE Pension Plans – Basic Rules
  • Business Pension Plans – Prohibited Transactions
  • Identifying Tax-Exempt Organizations
  • Acts Constituting Practice Before the IRS
  • Automatic Categories of Representation Before the IRS
  • Nonenrolled Individuals Who May Practice Before the IRS
  • Individuals Who May NOT Practice Before the IRS
  • Enrollment – Basic Privilege and Responsibilities
  • Enrollment Cycles and Renewals
  • Enrollment CPE Requirements
  • Due Diligence and Confidentiality Issues
  • Power of Attorney – Scope of Authority
  • Power of Attorney – Form 2848 Requirements
  • Power of Attorney – Changes in a Power of Attorney
  • Enrollment – Tax Information Authorizations (TIAs)
  • Enrollment – Central Authorization Files (CAFs)
  • Enrollment – Confidentiality
  • Enrollment – Disreputable Conduct
  • Enrollment – Complaints Against Enrolled Agents
  • Enrollment – Hearing on Suspension or Disbarment
  • Electronic Filing – Special Returns
  • Electronic Filing – Rejected Returns
  • Electronic Filing – Fee Structure
  • Recordkeeping Requirements – Business Records
  • Recordkeeping Requirements – Individuals
  • IRS Audits – Transfers to Another District
  • IRS Audits – Repetitive Audits
  • Statutory Notice of Deficiency
  • IRS Appeals – Written Protest Requirements
  • IRS Appeals – Court Options
  • U.S. Tax Court – Small Case Procedures
  • U.S. Tax Court – Basic Procedure
  • Income Tax Preparers – Definition of a Preparer
  • Penalties – §6694(a) Understatement of Tax Due to Unrealistic Position on Return
  • Penalties – §6694(b) Willful Understatement
  • Tax Preparers – Who Must Sign a Return
  • Tax Preparers – Penalty for Endorsing or Negotiating Refund Checks
  • IRS Administration – The Collection Process
  • IRS Administration – Tax Lien Filing Requirements
  • IRS Administration – Requirements for a Levy


#EALiveReviewCourse #IRS #Education #EA
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