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Open Exam Prep episodes
- [Tax] 18, Filing Status
Single, MFJ, MFS, HOH, and Qualifying Widower; determined on last day of tax year. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
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More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 17, Basic Tax Formula
Income minus exclusions, deductions for AGI, and standard/itemized deductions to determine taxable income. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 16, Insurance Policy Exchanges (Section 1035)
Allows tax-free exchanges of life policies and annuities, except annuity for life policy. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 15, Involuntary Conversions (Section 1033)
Defers gain if proceeds are reinvested in similar property within specified time. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
5 min - [Tax] 14, Section 1202 Stock
Excludes 50%, 75%, or 100% of gain on qualifying small business stock based on acquisition date. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
5 min - [Tax] 13, Section 1244 Stock
Allows deduction of up to $50,000 ($100,000 MFJ) of loss on small business stock as ordinary loss. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 12, Worthless Securities
Loss deductible in the year securities become worthless; artificial sale date is last day of the year. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 11, Non-Qualified Use for Section 121
Post-2009, appreciation during non-qualified use periods is not eligible for exclusion. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 9, Wash Sales
Losses disallowed if identical securities are acquired within 30 days; loss added to new security's basis. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 8, Ordinary Income Rates
Highest rate is 37%; applies to ordinary income, Section 1245 recapture, and short-term capital gains. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min
About Open Exam Prep
From the publisher's feed
Open Exam Prep: Mastering Financial Exams
The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part.
Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals.
Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time.
Visit for more content: https://open-exam-prep.com/
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