Tax Exam Prep Podcast Por Ran Chen EA CFP® arte de portada

Tax Exam Prep

Tax Exam Prep

De: Ran Chen EA CFP®
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Tax Exam Prep is a daily podcast designed to help future tax professionals pass their tax 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/Copyright 2026 Ran Chen, EA, CFP® Economía Educación Exito Profesional
Episodios
  • Enrolled Agent Exam [Part 1] 21, Schedule 1 - Additional Income

    Enrolled Agent Exam [Part 1] 21, Schedule 1 - Additional Income
    Feb 5 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How Schedule 1 functions as a critical on-ramp for reporting additional income to the main Form 1040. • The "tax benefit rule" for state and local tax refunds, a frequently tested and tricky concept on the exam. • The correct reporting pathway for business income (Schedule C) and capital gains (Schedule D) through Schedule 1. • Why unemployment compensation is fully taxable and a common point of confusion for exam candidates. • The mnemonic "Itemized, It's In; Standard, Stay out" to instantly determine the taxability of a state tax refund. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    3 m
  • Enrolled Agent Exam [Part 1] 20, Alimony and Separate Maintenance

    Enrolled Agent Exam [Part 1] 20, Alimony and Separate Maintenance
    Feb 4 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Alimony is non-deductible and non-taxable for divorce agreements finalized after December 31, 2018. • For pre-2019 agreements, alimony remains deductible for the payer and taxable income for the recipient. • Modifying a pre-2019 agreement does not change its tax treatment unless the modification explicitly adopts the new TCJA rules. • Child support is never deductible or taxable, regardless of the divorce date, and the exam often tries to confuse it with alimony. • A key test of whether a payment is true alimony, under old rules, is if the payment obligation terminates upon the recipient's death. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    3 m
  • Enrolled Agent Exam [Part 1] 19, Unemployment Compensation and Other Income

    Enrolled Agent Exam [Part 1] 19, Unemployment Compensation and Other Income
    Feb 3 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Unemployment compensation is always 100% taxable on a federal return, with no exceptions or income thresholds. • Gambling winnings are fully taxable income, and losses are only deductible up to the amount of winnings as an itemized deduction on Schedule A. • Prizes and awards, whether received as cash or property, must be included in gross income at their full fair market value. • Hobby income is fully reportable, but related expenses are not deductible, meaning a hobby cannot generate a taxable loss. • Jury duty pay is taxable, but if an employer requires an employee to turn it over, that amount can be deducted as an adjustment to income. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 m
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