Enrolled Agent Practice Exams for Part 1 - Individuals: 200 Questions for the IRS Special Enrollment Examination Part 1

I've found a few errors in this book, so beware. For example, Question 157: What is the maximum tax credit for a single filer claiming the retirement Savings Contribution Credit? A) $500 B)$1,000 C)$2,000 D)$4,000. The correct answer is B, $1,000. The book tells me this: "The maximum credit for the Retirement Savings Contributions Credit is $2,000 for single filers and $4,000 for Married Filing Jointly." No, those numbers are for the maximum contribution considered, with the max credit being 50% of that. This isn't the only example I can quote. The solution to question 152, for instance, tells me that the same student can take both the American Opportunity Tax Credit and the Lifetime Learning Credit. Again, no. You can't use the same student and the same expenses to claim both credits in the same year. The book has forced me into serious research of the information, however, since I don't have tremendous faith in its accuracy.

This workbook is a great supplement if you need additional problem practice and prefer a bound copy. A total of 200 questions with detailed answer explanations for each question. You won’t find another Enrolled Agent workbook as reasonably priced as this.

Q 13- if you are eligible for $2500 AOTC you should get the full $1000 as a refundable credit.Q 35- a roof is always depreciated for 27.5 years not 20.

I hope it helps