Enrolled Agent Exam II

💡SU 1: Business Entities and Requirements 23 Topics | 3 Quizzes

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🎥Business Structure Overview

🎙️Business Structure Overview

🎥Introduction to Corporation

🎙️Introduction to Corporation

🎥General Partnership & Joint Venture: Formation

🎙️General Partnership & Joint Venture: Formation

🎥Limited Partnership

🎯Limited Partnership: 5 MCQs

🎙️Limited Partnership

🎥Limited Liability Partnership

🎯Limited Liability Partnership (LLP)

🎙️Limited Liability Partnership

🎥Limited Liability Company

🎯Limited Liability Company: 5 MCQs

🎙️Limited Liability Company

🎥Employee Vs. Independent Contractor

🎙️Employee Vs. Independent Contractor

🎥Self-Employment, Additional Medicare, & Net Investment Income Tax

🎥Federal Unemployment Tax Act (FUTA)

🎙️Federal Unemployment Tax Act (FUTA)

🎥Qualified Joint Venture

🎥Entity Classification Election Rules

🎥Recordkeeping for Business

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💡SU 2: Accounting Periods and Methods 10 Topics | 1 Quiz

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🎥Methods of Accounting For tax Purposes Cash and Accrual +PPT Slides

🎥Uniform Cost Capitalization (UNICAP)

🎯Uniform Capitalization Rule: 2 MCQs

🎥Example: Tax Accounting Methods

🎥Accounting for Inventory | FOB Shipping | FOB Destination | Goods On Consignment

🎥Tax Years and Accounting Periods

🎥Section 444 Election

🎥Due date for Entities

🎥Inventory Tax UNICAP 263A and Section 472 C

🎥Inventory Tax Methods

🎥Inventory Valuation Costing Methods

💡SU 3: Business Income 28 Topics

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🎥Passive Activity Loss Limits

🎥Rental Income and Loss

🎙️Rental Income and Loss

🎥Business Income and Loss (Schedule C)

🎙️Business Income and Loss (Schedule C)

🎥Bad Debts Deduction

🎙️Bad Debts Deduction

🎥Business Interest Expense Limitation

🎙️Business Interest Expense Limitation

🎥Self Employed Health Insurance Deduction

🎙️Self Employed Health Insurance Deduction

🎥Home Office Expense Deduction

🎙️Home Office Expense Deduction

🎥Meals and Entertainment Expense

🎙️Meals and Entertainment Expense

🎥Travel Expenses Deduction

🎙️Travel Expenses Deduction

🎥Transportation Expenses Deduction

🎙️Transportation Expenses Deduction

🎥Research and Experimental Expenditures

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💡SU 4: Employee Compensation and Fringe Benefits 21 Topics | 4 Quizzes

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🎥Employee Compensation EA

🎥Fringe Benefits

🎥Cafeteria Plan Section 125 Plan

🎥Fringe Benefits: Adoption Assistance Program and Group Term Life Insurance

🎥Fringe Benefits: Employer Assistance Job and Not Job Related

🎥Health Savings Account | HSA

🎯Health Savings Account (HSA): 12 MCQ

🎙️Health Savings Account | HSA

🎥Flexible spending accounts

🎯Flexible spending accounts: 5 MCQs

🎙️Flexible spending accounts

🎥Accountable Plans and Non Accountable Plans

🎙️Accountable Plans and Non Accountable Plans

🎥Education Expense | Qualified Tuition Deduction

🎙️Education Expense | Qualified Tuition Deduction

🎥Employee Stock Options

🎯Employee Stock Options: 2 MCQs

🎙️Employee Stock Options

🎥Incentive Stock Options (ISO)

🎙️Incentive Stock Options (ISO)

🎥Employee Stock Purchase Plans

🎙️Employee Stock Purchase Plans

🎥Affordable Care Act: Business Side

🎯Affordable Care Act ACA: 10 MCQs

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💡SU 5: Other Business Deductions and Credits 17 Topics | 1 Quiz

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🎥NOLs – Corporations

🎯NOL Corporations: 6 MCQs

🎙️NOLs – Corporations

🎥Excess Business Loss Limitation

🎙️Excess Business Loss Limitation

🎥Introduction to Qualified Business Income Deduction (OBBBA)

🎥Qualified Business Income Deduction wages and PPE Limitations (OBBBA)

🎥Qualified Business Income Deduction Specified Services Business (OBBBA)

🎥Introduction to Business Credits

🎙️Introduction to Business Credits

🎥Various Business credits

🎙️Various Business credits

🎥Work Opportunity and Rehabilitation Expenditure Tax Credit

🎙️Work Opportunity and Rehabilitation Expenditure Tax Credit

🎥Research Credit

🎙️Research Credit

🎥Corporate Foreign Tax Credit

🎙️Corporate Foreign Tax Credit

💡SU 6: Basis of Business Assets 7 Topics | 2 Quizzes

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🎥Introduction to Property Transactions

🎙️Introduction to Property Transactions

🎥Basics of Property Basis

🎯Intro to Property Transactions & Property Basis: 8 MCQs

🎯Intro to Property Transactions & Property Basis TF

🎙️Basics of Property Basis

🎥Capitalizing versus Expensing

🎙️Capitalizing versus Expensing

🎥Casualty and Theft Losses (OBBBA)

💡SU 7: Depreciation and Amortization 15 Topics | 2 Quizzes

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🎥Cost Recovery | Half Year Convention

🎙️Cost Recovery | Half Year Convention

🎥Mid Quarter convention | Depreciation and Cost Recovery

🎥Mid Month Convention | Depreciation of Real Property

🎙️Mid Month Convention | Depreciation of Real Property

🎥Section 179 Deduction

🎙️Section 179 Deduction

🎥First Year Bonus Depreciation

🎙️First Year Bonus Depreciation

🎥Qualified Production Property OBBBA

🎙️Qualified Production Property OBBBA

🎥Depreciation of Listed Property

🎯Listed property and luxury auto limit: 6 MCQs

🎯Listed property and luxury auto limit TF

🎙️Listed Property and Luxury Auto Limit

🎥 Section 197 Amortization of Intangible Assets

🎙️Section 197 Amortization of Intangible Assets

💡SU 8: Disposition of Business Assets 15 Topics | 14 Quizzes

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🎥Introduction to Capital Assets (TCP & EA)

🎯Capital assets (TCP & EA): 6 MCQ

🎯Introduction to capital assets TF (TCP & EA)

🎥Section 1231 Assets

🎯Section 1231 Assets: 9 MCQs

🎯Section 1231 Assets TF

🎙️Section 1231 Assets

🎥Section 1245 Assets Depreciation Recapture

🎙️Section 1245 Assets Depreciation Recapture

🎥Section 1245 Assets CPA Simulation

🎯Section 1245 assets: 8 MCQs

🎯Section 1245 assets TF

🎥Section 1250 Unrecaptured Gain

🎯Section 1250 Depreciation Recap: 7 MCQs

🎯Section 1250 Depreciation Recap TF

🎙️Section 1250 Unrecaptured Gain

🎥Installment Sales

🎯Installment Sales: 7 MCQs

🎯Installment Sales TF

🎙️Installment Sales

🎥Section 1031 Like-Kind Exchange

🎙️Section 1031 Like-Kind Exchange

🎥1031 CPA Simulation

🎯Section 1031 – Like-kind Exchange: 20 MCQs

🎯Section 1031 – Like-Kind Exchanges TF

🎥Involuntary Conversion

🎯Involuntary conversion: 13 MCQs

🎯Involuntary Conversion TF

🎙️Involuntary Conversion

💡SU 9: Taxation of Partnership 18 Topics | 11 Quizzes

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🎥Introduction to Partnership

🎙️Introduction to Partnership

🎥Partnership: Flow Through Entity

🎯Introduction to Partnership Taxation TF

🎯Introduction to Partnership Taxation: 15 MCQs

🎙️Partnership: Flow Through Entity

🎥Partnership Formation

🎯Partnership Formation TF

🎯Partnership Formation: 11 MCQs

🎙️Partnership Formation

🎥Partner’s Basis (Overview)

🎙️Partner’s Basis (Overview)

🎥Example: Partner’s Inside and Outside Basis

🎯Partner’s Basis TF

🎯Partner’s Basis: 14 MCQs

🎥Partnership Income Allocation Form 1065 and Schedule K

🎙️Partnership Income Allocation Form 1065 and Schedule K

🎥Guaranteed Payment in Partnership

🎯Income Allocation- TF

🎯Income Allocation: 9 MCQs

🎙️Guaranteed Payment in Partnership

🎥Nonliquidating Distribution from Partnership to Partners

🎯Distribution from Partnership Non-Liquidating-TF

🎯Partnership – Nonliquidating Distributions: 24 MCQs

🎙️Nonliquidating Distribution from Partnership to Partners

🎥 Liquidating Distribution from Partnership to Partners

🎯Partnership Liquidation: 4 MCQs

🎙️ Liquidating Distribution from Partnership to Partners

🎥(+)CPA Exam Simulation Partnership

💡SU 10: C Corporations 31 Topics | 11 Quizzes

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🎥Formation of Corporation

🎙️Formation of Corporation

🎥Introduction to Corporate Taxation

🎯C Corporations Overview: 2 MCQs

🎙️Introduction to Corporate Taxation

🎥Capital Gains and Losses for Corporation

🎙️Capital Gains and Losses for Corporation

🎥Example: CPA Simulation Capital Gains and Losses for Corporation

🎯Corporate Capital gains and losses – TF

🎯Corporate Capital gains and losses: 19 MCQs

🎥Section 291 Corporate Depreciation Recapture

🎙️Section 291 Corporate Depreciation Recapture

🎥Corporate Charitable Contribution

🎙️Corporate Charitable Contribution

🎥Dividend Received Deduction

🎯Dividend Received Deductions and Charitable Contributions TF

🎯Dividend Received Deductions and Charitable Contributions: 17 MCQs

🎙️Dividend Received Deduction

🎥Excessive Executive Compensation

🎙️Excessive Executive Compensation

🎥Organizational Expenditures & Startup cost

🎯Organizational expenditures and startup costs: 3 MCQs

🎙️Organizational Expenditures & Startup cost

🎥Schedule M 1 Form 1120

🎙️Schedule M 1 Form 1120

🎥Schedule M 2 form 1120

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💡SU 11: Corporations: Organization and Capital Structure 12 Topics | 1 Quiz

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🎥Introduction to Section 351

🎙️Introduction to Section 351

🎥Section 351 Transactions Services provided

🎙️Section 351 Transactions Services provided

🎥Section 351 Boot Received | Liability Assumed | Stock Basis

🎙️Section 351 Boot Received | Liability Assumed | Stock Basis

🎥Section 351| Built In Losses

🎙️Section 351| Built In Losses

🎥Corporate Basis for Services Provided by Shareholder | Section 351

🎯Section 351 Formation of corporations: 16 MCQs

🎙️Corporate Basis for Services Provided by Shareholder | Section 351

🎥Section 351 Transaction CPA Simulation

🎥CPA Exam Simulation Section 351

💡SU 12: Corporate Non-liquidating Distributions 17 Topics | 2 Quizzes

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🎥Introduction to Current Earnings and Profit CEP | Accumulated Earnings and Profit AEP

🎙️Introduction to Current Earnings and Profit CEP | Accumulated Earnings and Profit AEP

🎥CPA Simulation | CEP | AEP

🎥Partial Corporate Distribution | Current Earnings and Profit Versus Accumulated Earnings and Profit

🎙️Partial Corporate Distribution | Current Earnings and Profit Versus Accumulated Earnings and Profit

🎥CPA Simulation | Corporate partial Distribution | Current Earnings and profit CEP Versus AEP

🎥Property Dividend Distribution

🎙️Property Dividend Distribution

🎥Exercise: Corporate Distributions

🎯C Corporations – Nonliquidating Distributions: 7 MCQs

🎥Constructive Dividend

🎙️Constructive Dividend

🎥Taxation of stock dividends Stock Splits |Stock Rights

🎙️Taxation of stock dividends Stock Splits |Stock Rights

🎥Introduction to Stock redemptions | Dividend Section 302

🎯Corporations – Stock Redemption: 3 MCQs

🎙️Introduction to Stock redemptions | Dividend Section 302

🎥Stock Attribution Rules | Section 318

🎙️Stock Attribution Rules | Section 318

💡SU 13: Corporate Liquidating Distributions 4 Topics | 3 Quizzes

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🎥Introduction to Complete Corporate Liquidation

🎙️Introduction to Complete Corporate Liquidation

🎥Corporate Liquidation | Corporate Distribution | Shareholder Perspective

🎯Complete Redemption: 8 MCQs

🎯Complete Liquidation: 11 MCQs

🎯Complete Liquidation TF

🎙️Corporate Liquidation | Corporate Distribution | Shareholder Perspective

💡SU 14: S Corporations 25 Topics | 12 Quizzes

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🎥Introduction to S Corporation

🎯S Corps – Intro: 8 MCQs

🎯Intro and Formation of S Corporations TF

🎯S Corp. termination: 7 MCQs

🎯S Corp. termination TF

🎙️Introduction to S Corporation

🎥Built-In Gains Tax

🎙️Built-In Gains Tax

🎥Passive Investment Income Tax

🎙️Passive Investment Income Tax

🎥LIFO Recapture and Business Credit Recapture

🎯Built-In Gains Tax, PII Tax, and LIFO Recapture: 13 MCQs

🎯Built-In Gains Tax, Passive Investment Income Tax, and LIFO Recapture TF

🎙️LIFO Recapture and Business Credit Recapture

🎥Separately and Nonseparately Stated Items

🎯S Corp – SS & NSS TF

🎯S Corp – SS & NSS: 8 MCQs

🎙️Separately and Nonseparately Stated Items

🎥 S Corp: Fringe Benefits

🎙️S Corp: Fringe Benefits

🎥Section 351 Corporate Formation

🎙️Section 351 Corporate Formation

🎥Debt Vs Stock Basis & Losses Limitations

🎯S- Corp – Stock Basis TF

🎯S- Corp – Stock Basis: 15 MCQs

🎙️Debt Vs Stock Basis & Losses Limitations

🎥Accumulated Adjustments Account (AAA) Simulation

🎙️Accumulated Adjustments Account (AAA) Simulation

🎥Distribution from S Corporation

🎙️Distribution from S Corporation

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💡SU 15: Farming Business

💡SU 16: Tax-Exempt Organizations 4 Topics | 1 Quiz

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🎥Tax Exempt Organizations 501 C

🎯Tax-Exempt Organizations: 6 MCQs

🎙️Tax Exempt Organizations 501 C

🎥Unrelated Business Income Tax UBIT

🎙️Unrelated Business Income Tax UBIT

💡SU 17: Retirement Plans for Businesses 4 Topics

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🎥Self-Employed Retirement Plans: 401 K, SEP Plan, Keogh Plan

🎙️Self-Employed Retirement Plans: 401 K, SEP Plan, Keogh Plan

🎥Pension and Annuities

🎙️Pension and Annuities

💡SU 18: Estates and Trusts 11 Topics | 2 Quizzes

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🎥Unified Transfer Tax System Part 1: Exclusions

🎯Unified Transfer Tax System Part 1: 5 MCQs

🎙️Unified Transfer Tax System Part 1: Exclusions

🎥Estate Tax: Fair Market Value of the Estate

🎙️Estate Tax: Fair Market Value of the Estate

🎥Introduction to Estates and Trusts: Tax Form 1041

🎙️Introduction to Estates and Trusts: Tax Form 1041

🎥Distributable Net Income and Income Distribution Deductions form 1041

🎙️Distributable Net Income and Income Distribution Deductions form 1041

🎥4 CPA Simulations: What is Include in Gross Estate

🎥CPA Simulations: Gross Estate

🎥CPA Exam Questions: Trust

🎯Trusts: 10 MCQs

Course Content

Course Includes