{"id":1289,"date":"2023-02-15T19:03:56","date_gmt":"2023-02-15T19:03:56","guid":{"rendered":"https:\/\/eaexam.co\/passfast\/?p=1289"},"modified":"2023-02-23T21:17:15","modified_gmt":"2023-02-23T21:17:15","slug":"easily-pass-the-irs-enrolled-agent-exam-part-1-individuals","status":"publish","type":"post","link":"https:\/\/eaexam.co\/passfast\/easily-pass-the-irs-enrolled-agent-exam-part-1-individuals\/","title":{"rendered":"Everything You Need To Know To Easily Pass The IRS Enrolled Agent Exam &#8211; Part 1 Individuals"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1289\" class=\"elementor elementor-1289\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5711a99 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5711a99\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-943a0b9\" data-id=\"943a0b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28c4ed4 elementor-widget elementor-widget-text-editor\" data-id=\"28c4ed4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The IRS enrolled agent exam consists of three parts, and the first part focuses on individuals. It covers topics such as filing requirements, gross income, adjustments to income, tax credits, tax payments, and taxpayer data. Specifically, the exam tests knowledge of tax forms, filing status, exemptions, dependents, wages, salaries, interest, dividends, and capital gains. It also covers deductions for adjusted gross income, itemized deductions, tax computations, and tax payments.<\/p><p>Additionally, the IRS enrolled agent exam tests the ability to interpret taxpayer data such as Social Security numbers, taxpayer identification numbers, and dates of birth. Overall, the first part of the exam assesses an individual&#8217;s knowledge of taxation related to individuals and their finances.<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-1431\" src=\"https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/IRS-Enrolled-Agent-Exam-Productivity-Tips-300x300.png\" alt=\"IRS Enrolled Agent Exam Productivity Tips\" width=\"300\" height=\"300\" srcset=\"https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/IRS-Enrolled-Agent-Exam-Productivity-Tips-300x300.png 300w, https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/IRS-Enrolled-Agent-Exam-Productivity-Tips-1024x1024.png 1024w, https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/IRS-Enrolled-Agent-Exam-Productivity-Tips-150x150.png 150w, https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/IRS-Enrolled-Agent-Exam-Productivity-Tips-768x768.png 768w, https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/IRS-Enrolled-Agent-Exam-Productivity-Tips.png 1080w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><h3>IRS Enrolled Agent Exam Topics Overview<\/h3><p>The IRS <a title=\"Your Comprehensive Guide To Passing The Enrolled Agent Exam Easily\" href=\"https:\/\/eaexam.co\/passfast\/your-comprehensive-guide-to-passing-the-enrolled-agent-exam-easily\/\">enrolled agent exam<\/a> is divided into three parts. Each part lasts 3.5 hours (not including the pre-examination tutorial and post-examination survey). There is an on-screen timer that indicates how much time remains. In addition to the 85 multiple-choice <a title=\"How To Pass The EA Exam On The 1st Attempt?\" href=\"https:\/\/eaexam.co\/passfast\/how-to-pass-the-ea-exam-on-the-1st-attempt\/\">EA exam<\/a> questions that are scored in each part, there are 15 experimental questions that are not scored.\u00a0<\/p><p>You may also find our <a title=\"EA Exam Prep FAQs You Need To Know Before Taking The Exam\" href=\"https:\/\/eaexam.co\/passfast\/ea-exam-prep-faqs-you-need-to-know-before-taking-the-exam\/\">EA exam prep<\/a> FAQs extremely helpful!<\/p><h3>SEE1: Part 1 \u2014 Individuals<\/h3><ol><li>Preliminary Work with Taxpayer Data \u2013 14 questions<\/li><li>Income and Assets \u2013 17 questions<\/li><li>Deductions and Credits \u2013 17 questions<\/li><li>Taxation \u2013 15 questions<\/li><li>Advising the Individual Taxpayer \u2013 11 questions<\/li><li>Specialized Returns for Individuals \u2013 12 questions<\/li><\/ol><h3>IRS Enrolled Agent Exam Topics Detail<\/h3><ol><li><p><strong>Filing Requirements:<\/strong> This topic covers the various filing requirements for taxpayers, including the types of tax returns, filing deadlines, and extensions.<\/p><\/li><li><p><strong>Gross Income:<\/strong> This IRS enrolled agent exam topic focuses on the different types of income that individuals can receive, such as wages, salaries, tips, interest, dividends, and rental income. It also covers the treatment of capital gains and losses.<\/p><\/li><li><p><strong>Adjustments to Income:<\/strong> This topic covers deductions that taxpayers can claim to reduce their taxable income, such as contributions to retirement plans, alimony payments, and self-employment taxes.<\/p><\/li><li><p><strong>Tax Credits:<\/strong> This IRS enrolled agent exam topic covers the various tax credits that are available to taxpayers, including the earned income credit, child tax credit, and education credits.<\/p><\/li><li><p><strong>Tax Payments:<\/strong> This topic covers the different ways taxpayers can pay their taxes, such as through withholding, estimated tax payments, and extension payments.<\/p><\/li><li><p><strong>Taxpayer Data:<\/strong> This IRS enrolled agent exam topic covers the information that taxpayers need to provide on their tax returns, including Social Security numbers, taxpayer identification numbers, and dates of birth.<\/p><\/li><li><p><strong>Filing Status:<\/strong> This topic covers the different filing statuses that taxpayers can choose from, such as single, married filing jointly, and head of household.<\/p><\/li><li><p><strong>Exemptions:<\/strong> This IRS enrolled agent exam topic covers the personal and dependent exemptions that taxpayers can claim on their tax returns.<\/p><\/li><li><p><strong>Dependents:<\/strong> This topic covers the rules for claiming dependents, including the age and residency requirements.<\/p><\/li><li><p><strong>Wages and Salaries:<\/strong> This IRS enrolled agent exam topic covers the different types of income that taxpayers can receive from their employment, including wages, salaries, and tips.<\/p><\/li><li><p><strong>Interest and Dividends:<\/strong> This topic covers the treatment of interest and dividends for tax purposes.<\/p><\/li><li><p><strong>Capital Gains and Losses:<\/strong> This IRS enrolled agent exam topic covers the rules for calculating and reporting capital gains and losses on tax returns.<\/p><\/li><li><p><strong>Deductions for Adjusted Gross Income:<\/strong> This topic covers the deductions that taxpayers can claim to reduce their adjusted gross income, such as contributions to IRA accounts.<\/p><\/li><li><p><strong>Itemized Deductions:<\/strong> This IRS enrolled agent exam topic covers the different types of expenses that taxpayers can claim as itemized deductions, such as medical expenses, charitable contributions, and state and local taxes.<\/p><\/li><li><p><strong>Tax Computation:<\/strong> This topic covers the rules for calculating the tax liability for individual taxpayers.<\/p><\/li><li><p><strong>Tax Payments:<\/strong> This IRS enrolled agent exam topic covers the various ways taxpayers can make their tax payments, including through withholding, estimated tax payments, and extension payments.<\/p><\/li><\/ol><h4>IRS Enrolled Agent Exam: Part 1 \u2014 Individuals<\/h4><p><b>Domain 1: Preliminary Work and Taxpayer Data | 14 Questions\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">1.1. Preliminary work to prepare tax returns\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Use of prior years&#8217; returns for comparison, accuracy, and carryovers for current year&#8217;s return\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Taxpayer personal information (e.g., date of birth, marital status, dependents, identity\u00a0 protection PIN, state issued photo ID)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Residency status and\/or citizenship (e.g., , visas, green cards, resident alien or non-resident\u00a0 alien, ITIN)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Filing requirements and due date\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Taxpayer filing status\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Sources of worldwide taxable and non-taxable income (e.g., interest, wages, business, sales of\u00a0 property, dividends, rental income, flow-through entities, alimony received)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Sources of applicable exclusions and adjustments to gross income (e.g., foreign earned income\u00a0 exclusion, retirement plans, HSAs, alimony paid, health insurance, self-employment tax)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Sources of applicable deductions (e.g., itemized, standard)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Qualifications for dependency\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Sources of applicable credits (e.g., education, foreign tax, child and dependent care, credit for\u00a0 other dependents, child tax credit)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Sources of tax payments and refundable credits\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Previous IRS correspondence with taxpayer\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Additional required returns to be filed, and taxes paid (e.g., employment, gifts, international\u00a0 information returns, and other information returns)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Special filing requirements (e.g. foreign income, presidentially declared disaster areas, injured\u00a0 spouse)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Foreign account and asset reporting (e.g., FBAR, Form 8938)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Minor children&#8217;s unearned income (\u201cKiddie\u201d tax)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">ACA requirements (e.g., , total household income, premium tax credit, household size) <\/span><\/li><\/ul><p><b>Domain 2: Income and Assets | 17 Questions\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">2.1. Income\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Taxability of wages, salaries and other earnings\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Interest Income (e.g., taxable and non-taxable)<\/span><\/li><li><span style=\"font-weight: 400;\">Dividends and other distributions from mutual funds, corporations, and other entities\u00a0 -Personal property rental\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Gambling income and allowable deductions (e.g., Form W-2G, documentation) -Tax treatment of cancellation of debt (e.g., Form 1099C, foreclosures, insolvency)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Tax treatment of a U.S. citizen\/resident with foreign income (e.g., tax treaties, Form 1116, Form\u00a0 2555, Form 3520, Form 5471)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Other income (e.g., scholarships, barter income, hobby income, alimony, non-taxable combat\u00a0 pay, unearned income, taxable recoveries, NOL, illegal income)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Constructive receipt of income\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Constructive dividends (e.g., payments of personal expenses from a business entity) -Passive income and loss\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Pass-through income (e.g., Schedule K-1, income, deductions, basis, qualified business income\u00a0 (QBI) items)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Royalties and related expenses\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">State\/local income tax refund and other itemized deduction recoveries\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">1099 MISC, 1099 NEC, 1099 K reporting, irregularities, and corrections\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">2.2. Retirement income\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Basis in a traditional IRA (Form 8606)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Comparison of and distributions from traditional and Roth IRAs\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Distributions from qualified and non-qualified plans (e.g., pre-tax, after-tax, rollovers, Form\u00a0 1099R, qualified charitable distribution)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Excess contributions and tax treatment (e.g., penalties)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Penalties and exceptions on premature distributions from qualified retirement plans and IRAs -Prohibited transactions and tax consequences\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">IRA conversions and recharacterization (Form 8606)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Required minimum distributions\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Loans from qualified plans\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Taxability of Social Security and Railroad Retirement benefits\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Inherited retirement accounts\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Foreign pensions and retirement income<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">2.3. Property, real and personal\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Sale or disposition of property including depreciation recapture rules and 1099A\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Capital gains and losses (e.g., netting effect, short-term, long-term, mark-to-market, virtual\u00a0 currency)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Basis of assets (e.g., purchased, gifted or inherited)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Basis of stock after stock splits and\/or stock dividends (e.g., research, schedules, brokerage re\u00a0 cords)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Publicly traded partnerships (PTP) (e.g., sales, dispositions, losses)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Sale of a personal residence (e.g., IRC sec 121 exclusions)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Installment sales (e.g., related parties, original cost, date of acquisition, possible recalculations\u00a0 and recharacterization)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Options (e.g., stock, commodity, ISO, ESPP)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Like-kind exchange\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Non-business bad debts\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Investor versus trader\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">2.4. Adjustments to Income\u00a0\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Self-employment tax\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Retirement contribution limits and deductibility (e.g., earned compensation requirements) -Health savings accounts\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Other adjustments to income (e.g., student loan interest, alimony, moving expenses for active\u00a0 military, write-in adjustments)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Self-Employed Health Insurance\u00a0<\/span><\/li><\/ul><p><b>Domain 3: Deductions and Credits | 17 Questions\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">3.1. Itemized deductions and QBI\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Medical, dental, vision, long-term care expenses\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Various taxes (e.g., state and local, personal property, real estate)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Interest expense (e.g., mortgage interest, investment interest, tracing rules, points,\u00a0 indebtedness limitations)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Charitable contributions (e.g., cash, non-cash, limitations, documentation required) -Nonbusiness casualty and theft losses\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Other itemized deductions\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Itemized deductions for Form 1040-NR\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Qualified Business Income (QBI) deduction\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">3.2. Credits\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Child and dependent care credit\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Child tax credit and credit for other dependents\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Education credits\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Foreign tax credit\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Earned income tax credit (e.g., paid preparer&#8217;s earned income credit checklist, eligibility and\u00a0 disallowance)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Adoption credits (e.g., carryovers, limitations, special needs)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">ACA premium tax credit\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Other credits (refundable and non-refundable) (e.g., health coverage tax credit, energy credits,\u00a0 Retirement savings contribution credit)\u00a0<\/span><\/li><\/ul><p><b>Domain 4: Taxation | 15 Items\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">4.1. Taxation\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Alternative minimum tax and credit for prior year\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Household employees\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Underpayment penalties and interest\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Self-employment tax\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Excess Social Security withholding\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Tax provisions for members of the clergy\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Tax provisions for members of the military\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Income in respect of decedent\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Net investment income tax\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Additional Medicare tax\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Uncollected Social Security and Medicare tax\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Other taxes (e.g., first time homebuyer credit repayment)<\/span><\/li><\/ul><p><b>Domain 5: Advising the individual taxpayer | 11 Questions\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">5.1. Advising the Individual Taxpayer\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Reporting obligations for individuals (e.g., 1099, bartering, cash)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Property sales (e.g., homes, stock, businesses, antiques, collectibles)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Education planning (e.g., lifetime learning credit, IRC section 529 plans)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Estate planning (e.g., gift versus inheritance, trusts, family partnerships, charitable giving, long term care, life insurance)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Retirement planning (e.g., annuities, IRAs, employer plans, early retirement rules, required\u00a0 minimum distribution, beneficiary ownership, charitable distributions from an IRA)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Marriage and divorce (e.g., divorce settlement, common-law, community property, alimony)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Items that will affect future\/past returns (e.g., carryovers, net operating loss, Schedule D, Form\u00a0 8801, negative QBI carryover)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Injured spouse\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Innocent spouse\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Estimated tax and penalty avoidance (e.g., mid-year estimated tax planning)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Adjustments, deductions, and credits for tax planning (e.g., timing of income and expenses) -Character of transaction (e.g., use of capital gain rates versus ordinary income rates)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Advantages and disadvantages of MFJ\/MFS\/HOH filing statuses in various scenarios (e.g., joint\u00a0 and several liability)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Conditions for filing a claim for refund (e.g., amended returns)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Penalty of perjury\u00a0<\/span><\/li><\/ul><p><b>Domain 6: Specialized Returns for Individuals | 11 Questions\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">6.1. Estate Tax\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Gross estate, taxable estate (calculations and payments), unified credit\u00a0\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Jointly held property\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Marital deduction and other marital issues (e.g., portability election)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Life insurance, IRAs, and retirement plans\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Estate filing requirements and due dates (e.g., Form 706: Form 1041)\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">6.2. Gift Tax\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Gift-splitting<\/span><\/li><li><span style=\"font-weight: 400;\">Annual exclusion\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Unified credit\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Effect on estate tax (e.g., Generation skipping transfer tax)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Filing requirements (e.g., Form 709)\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">6.3.International Information Reporting\u00a0<\/span><\/p><ul><li><span style=\"font-weight: 400;\">Filing and reporting requirements and due dates (e.g., FBAR, Form 8938, Form 8865, Form\u00a0 5471, Form 3520)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Covered accounts (e.g., FBAR, Form 8938)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Potential penalties (e.g., failure to file, underreporting, substantially incomplete, statute of\u00a0 limitations, reduction of tax attributes)\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">Distinctions between FBAR and Form 8938 requirements<\/span><\/li><\/ul><p>Overall, the <a href=\"https:\/\/www.irs.gov\/tax-professionals\/enrolled-agents\/see-sample-test-questions-part-1\" target=\"_blank\" rel=\"noopener\">first part<\/a> of the IRS enrolled agent exam requires a thorough understanding of tax laws and regulations related to individuals and their financial affairs.<\/p><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1328\" src=\"https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/badge-ea-1.png\" alt=\"IRS enrolled agent exam\" width=\"181\" height=\"180\" srcset=\"https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/badge-ea-1.png 181w, https:\/\/eaexam.co\/passfast\/wp-content\/uploads\/2023\/02\/badge-ea-1-150x150.png 150w\" sizes=\"(max-width: 181px) 100vw, 181px\" \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8de9af elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8de9af\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-823972d\" data-id=\"823972d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0b1e66 elementor-widget elementor-widget-video\" data-id=\"f0b1e66\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/AdrnN3A79yc&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-wrapper{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;right:0;bottom:0;left:0;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%;aspect-ratio:var(--video-aspect-ratio);-o-object-fit:cover;object-fit:cover;-o-object-position:center center;object-position:center center}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The IRS enrolled agent exam consists of three parts, and the first part focuses on individuals. Here are the subjects you need to dominate to pass part 1.<\/p>\n","protected":false},"author":1,"featured_media":1429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts\/1289"}],"collection":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/comments?post=1289"}],"version-history":[{"count":13,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts\/1289\/revisions"}],"predecessor-version":[{"id":1439,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts\/1289\/revisions\/1439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/media\/1429"}],"wp:attachment":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/media?parent=1289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/categories?post=1289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/tags?post=1289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}