Ran Chen, EA, CFP®

Finance Exam Prep

Education EN ↓ Епізодів: 289

Finance Exam Prep is a daily podcast designed to help future tax and finance professionals pass their 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 sessio...

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Автор

Ran Chen, EA, CFP®

Категорія

Education

Сайт подкасту

open-exam-prep.com

Останній епізод

2 лис 2026

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Епізоди

Enrolled Agent Exam [Part 2] 64, Excess Business Losses — §461(l) 30.06.2026 3:48

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 to calculate an excess business loss using the inflation-a...

Enrolled Agent Exam [Part 2] 63, Net Operating Loss (NOL) — Carryforward Rules 29.06.2026 3:14

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: - Post-2017 Net Operating Losses (NOLs) have an indefinite carry...

Enrolled Agent Exam [Part 2] 62, Home Office — Simplified vs Actual Method 28.06.2026 3:51

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: - The simplified home office deduction is calculated at $5 per s...

Enrolled Agent Exam [Part 2] 61, Home Office Deduction — Exclusive and Regular Use 27.06.2026 2:42

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: - The Home Office Deduction requires passing both the "regular u...

Enrolled Agent Exam [Part 2] 60, Vehicle Expenses — Standard Mileage vs Actual 26.06.2026 3:33

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: - The standard mileage rate offers simplicity, while the actual...

Enrolled Agent Exam [Part 2] 59, Meals — 50% vs 100% Deductible 25.06.2026 4:04

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: - The default business meal deduction is 50%, a common starting...

Enrolled Agent Exam [Part 2] 58, Travel Expenses — Tax Home and Away from Home 24.06.2026 3:21

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: - Your 'tax home' is defined as your main place of business, whi...

Enrolled Agent Exam [Part 2] 57, Change of Accounting Method — Form 3115 23.06.2026 3:14

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: - When a taxpayer must file Form 3115 to request a change in acc...

Enrolled Agent Exam [Part 2] 56, Hybrid Accounting Method 22.06.2026 2:49

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: - The hybrid method is a combination of cash and accrual account...

Enrolled Agent Exam [Part 2] 55, Cash vs Accrual Accounting Method 21.06.2026 5:09

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: - The core difference between cash basis (income when received,...

Enrolled Agent Exam [Part 2] 54, Lower of Cost or Market (LCM) 20.06.2026 2:17

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: - The Lower of Cost or Market (LCM) method requires inventory to...

Enrolled Agent Exam [Part 2] 53, Inventory Methods — FIFO, LIFO, Specific ID 19.06.2026 3:45

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 the FIFO method assumes the first units purchased are the...

Enrolled Agent Exam [Part 2] 52, Business Casualty Losses 18.06.2026 3:04

Enrolled Agent Exam [Part 2] 51, Bad Debt Deduction — Specific Charge-off 17.06.2026 3:19

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: - Why business bad debts are valuable ordinary deductions, while...

Enrolled Agent Exam [Part 2] 50, Involuntary Conversions — §1033 Deferral 16.06.2026 3:37

Enrolled Agent Exam [Part 2] 49, Like-Kind Exchanges — §1031 (Real Property Only) 15.06.2026 3:32

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: - The post-TCJA rule restricting §1031 exchanges exclusively to...

Enrolled Agent Exam [Part 2] 48, Section 1231 — Sale of Business Property 14.06.2026 3:56

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: - That net Section 1231 gains are treated as long-term capital g...

Enrolled Agent Exam [Part 2] 47, Section 1250 Depreciation Recapture 13.06.2026 3:27

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: - The key difference between Section 1250 recapture for real pro...

Enrolled Agent Exam [Part 2] 46, Section 1245 Depreciation Recapture 12.06.2026 2:38

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: - Section 1245 recaptures depreciation on personal property as o...

Enrolled Agent Exam [Part 2] 45, Alternative Depreciation System (ADS) 11.06.2026 3:52

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: - When the Alternative Depreciation System (ADS) is mandatory fo...

Enrolled Agent Exam [Part 2] 44, Listed Property — Vehicles and Computers 10.06.2026 2:55

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: - Listed property like vehicles and computers requires strict, c...

Enrolled Agent Exam [Part 2] 43, Section 179 Expensing — Limits 09.06.2026 2:38

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: - The two primary limitations on the Section 179 deduction: the...

Enrolled Agent Exam [Part 2] 42, Bonus Depreciation — Phase-Down Schedule 08.06.2026 3:14

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: - The bonus depreciation rate for 2024 is 60%, and it decreases...

Enrolled Agent Exam [Part 2] 41, MACRS Conventions — Half-Year, Mid-Quarter, Mid-Month 07.06.2026 3:47

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: - The half-year convention is the default for personal property,...

Enrolled Agent Exam [Part 2] 40, MACRS — Modified Accelerated Cost Recovery System 06.06.2026 3:45

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 to identify the correct MACRS class life for commonly test...