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 three-year lookback period for refunds runs from the original due date, not an extended filing date.

• The statute of limitations for claiming refunds on bad debts and worthless securities is a special seven-year period.

• A protective claim formally preserves a taxpayer's right to a refund that depends on a future event.

• How an informal claim, like a letter, can establish a timely filing date if later perfected.

• The statute of limitations can be suspended during periods of medically-proven financial disability.

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