EA Part 2 case studies

EA Part 2, formally the Businesses section of the IRS Special Enrollment Examination, is one of the three computer-based multiple-choice tests that candidates must pass to become an Enrolled Agent - a tax practitioner authorized to represent taxpayers before the IRS. Part 2 is aimed at practitioners who advise or prepare returns for entities: sole proprietors, partnerships, S corporations, C corporations, trusts, estates, and the individuals who own or work in them. The exam is organized around five content areas: business entities and considerations; business tax preparation and taxpayer filing requirements; specialized returns and taxpayers; tax accounting methods and inventories; and business income, deductions, and credits. Expect computational problems as well as conceptual ones - basis and distributions, depreciation and cost recovery, inventory rules, employment tax, and entity-level credits all appear. The EA Part 2 case studies are 5 cases and about 1,895 words.