Finance Exam Prep
Ran Chen, EA, CFP®
Podcast
Episodes
Listen, download, subscribe
Enrolled Agent Exam [Part 2] 27, S Corp Accumulated Adjustments Account (AAA)
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 Accumulated Adjustments Account (AAA) tracks an S corporation's undistributed, previously taxed income. - The specific distribution order for an S corporation with former C corp Earnings & Profits (E&P). - Why distributions from C corp E&P are treated as taxable dividends and do not reduce shareholder basis. - The critical difference between the corporate-level AAA and a shareholder's individual stock basis. - A memorable phrase ('Always Attack E&P Before Gain') to master the S corp distribution hierarchy for the exam. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
![Enrolled Agent Exam [Part 2] 30, S Corp Reasonable Compensation Requirement](https://is1-ssl.mzstatic.com/image/thumb/Podcasts211/v4/61/8c/65/618c6502-3a7a-880a-56d8-b1e0e4f0c342/mza_18293400859732431322.png/160x160bb.jpg)
Finance Exam Prep RSS Feed
