EA Part 2 study plan

Outline entity classification rules (sole proprietor, partnership, S corp, C corp) and record the tax consequences of each election

Compute owner basis and distributions for at least three partnership and S corp scenarios by hand

Identify the top ten business deductions and credits by dollar impact and write a one-line rule for each

Build a personal glossary of 30 entity and deduction terms with statutory citations

Work through 25 practice problems on entity formation, basis, and liquidation and log every miss with the rule that caused it

Reconcile book-to-tax differences for a sample C corp and a sample pass-through

Compute QBI deduction for three fact patterns with varying W-2 wages and UBIA

Draft a decision tree for choosing entity type given stated client facts

Compute depreciation under MACRS, Section 179, and bonus depreciation for five asset scenarios

Apply the business credit rules (R&D, work opportunity, general business credit limitation) to two fact patterns

Map Form 1120 line items to the underlying tax rules and note the five most commonly tested lines

Solve 20 deduction and credit problems and record time per question

Sequence the business return filing requirements, due dates, extensions, and estimated payment rules into a timeline

Compare Form 1120, 1120-S, and 1065 line-by-line and note at least eight differences

Identify specialized return triggers (trusts, exempt organizations, foreign information returns) and match each to its form

Complete one full mock return for a pass-through entity from a fact pattern

Distinguish cash, accrual, and hybrid methods and apply the eligibility and change-of-method rules to four scenarios

Compute inventory valuation under cost, LCM, and the uniform capitalization rules for three fact patterns

Explain the tax treatment of specialized taxpayers (trusts, estates, exempt orgs) in written summaries of 100 words each

Solve 25 mixed problems spanning specialized returns and accounting methods

Work 30 cumulative practice questions across all five domains under timed conditions

Re-derive every missed concept from primary authority and rewrite the rule in your own words

Build flashcards for the 40 highest-frequency rules and drill them to automatic recall

Audit your error log and rank your five weakest subtopics

Complete two full-length timed practice exams and score each by domain

Close the top three gaps from week 6 with targeted problem sets of 15 questions each

Practice written communication and research-style responses until each fits the time limit

Review all flashcards and retire any card answered correctly three times in a row

Take one final full-length timed exam and compare results against week 7

Re-drill only the flashcards and error-log entries still marked weak

Rehearse exam-day logistics: pacing plan, calculator use, and break strategy

Write a one-page summary of the ten rules most likely to be tested and recite them from memory