Part 2 Study Guide
Part 2 requires entity awareness, business deduction discipline, basis logic, depreciation knowledge, and payroll-tax precision.
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Part 2 covers sole proprietorships, partnerships, corporations, S corporations, entity basis, distributions, business income, deductions, depreciation, payroll taxes, retirement plans, farm income, accounting methods, credits, filing requirements, and penalties.
Do not study business tax as disconnected facts. Group topics by entity type, then connect income, deductions, basis, distributions, and filing obligations inside that entity.
Part 2 practice includes calculations and distractors. Strong questions make you decide whether the issue is timing, entity classification, basis, depreciation, payroll, or deduction limitation.
Last reviewed: May 21, 2026. Applies to the 2026-2027 SEE cycle. Students should confirm current exam logistics, fees, scheduling rules, and ID requirements with IRS and PSI before registering.
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