SEE Part 2 Businesses: 6 EA Practice Exams, 600 Q
600 questions on business entities, business tax preparation and specialized returns. 2025 law, explained answers.
You have read the chapters. You have watched the videos. The question that is left is the only one that matters: if you sat Part 2 tomorrow, would you pass?
This practice set answers it with six full-length practice exams, 100 questions each, 600 in total. The domain weighting matches the official Part 2 specification, so the score breakdown after each attempt tells you where you stand on Business Entities and Considerations, Business Tax Preparation, and Specialized Returns and Taxpayers, rather than giving you one number you cannot act on. Everything is written to the law the current testing window examines: the Internal Revenue Code, regulations, forms and publications as amended through December 31, 2025, with questions set in calendar year 2025.
That date matters more this year than most. The One Big Beautiful Bill Act reached almost every business provision on the SEE Part 2 syllabus. Bonus depreciation returned to 100%, but only for property acquired after January 19, 2025, which makes the acquisition date itself examinable. The section 179 ceiling is $2,500,000, not the $1,250,000 figure still printed in a great deal of study material. Domestic research costs are deductible again under section 174A. Section 163(j) adjusted taxable income went back to an EBITDA base. The Form 1099-K threshold was restored to $20,000 and 200 transactions. Practice questions written before July 2025 will drill you on figures the current exam scores as wrong. This practice set also leaves out what only starts in 2026, such as the widened QBI phase-in and the corporate charitable 1% floor, which a 2025-based exam will not ask.
The six tests rise in difficulty by the way questions are asked, not by reaching for obscurer facts. Groundwork is direct recall across the full syllabus and works as a cold diagnostic. In Practice is short scenarios where the distractors are the rules most often confused with the right one. Trade-offs gives you two defensible answers and one condition that decides between them. Under the Hood is thresholds, forms, deadlines and computations you have to work out. Exam Day is a full simulation: 100 questions, 210 minutes, domains mixed, several constraints per question. Exam Day II is a second one at the same weight, on entirely new fact patterns, so you can sit the full length twice rather than reusing questions you already remember.
Every answer option has its own explanation saying whether it is right or wrong, why, and what a wrong option would have been correct for. Every question then closes with a full explanation and a link to the IRS publication or form instruction it rests on, so you can read further at the source rather than taking a question writer's word for it.
The pass mark is 80% for tests 1 to 4 and 85% for both simulations, above the real exam's bar. Part 2 is reported on a scaled score from 200 to 800 with 500 to pass, which is not a straight percentage, so a practice test you scrape through is not evidence of anything.
What this practice set is not: it is not a substitute for a full SEE Part 2 course or review book, it is not a guarantee of a pass, and it contains no live exam questions.
Groundwork: Entities, Returns and Core Rules
100 questions · 165 minutes · pass mark 80%
Start here, cold, before you revise anything. One hundred direct questions across the whole of Part 2: entity classification and elections, partnership and shareholder basis, corporate distributions, the deduction rules a business return turns on, asset basis and depreciation, and the specialized returns for trusts, exempt organizations, retirement plans, farms and rentals. Each question tests a single idea in one or two sentences, so you find out quickly which topics you already own and which you have never really learned. Everything reflects the law the current testing window examines: the Internal Revenue Code, forms and publications as amended through December 31, 2025. The pass mark is 80%, deliberately above the real exam's bar, because your official score is reported on a 200 to 800 scale rather than as a percentage. Every answer option is explained individually, and every question closes with a full explanation and a link to the IRS source behind it.
In Practice: Telling Neighbouring Rules Apart
100 questions · 165 minutes · pass mark 80%
The step from knowing a rule to applying it. Every question is a short, realistic scenario, and the wrong answers are the rules that genuinely get confused with each other: Form 4835 against Schedule F, a current distribution against a liquidating one, a guaranteed payment against a distributive share, business bad debt for a cash-basis against an accrual taxpayer, standard mileage against actual expenses, substantially disproportionate redemption against a dividend. You will meet the same partnership twice with one fact changed, and the answer will move. Expect to slow down. One hundred questions in 165 minutes, and 80% to pass. As in every test in this series, each option carries its own feedback telling you what that answer would have been right for, and each question ends with a full explanation and an IRS source link.
Trade-offs: When One Condition Decides
100 questions · 170 minutes · pass mark 80%
The test where two answers are both defensible and one stated condition settles it. Gross receipts above or below the section 448(c) test. Whether the corporation has accumulated earnings and profits. Whether the debt is recourse or nonrecourse. Whether the shareholder guaranteed the loan or lent the money directly. Whether the landlord materially participates. Whether the equipment was acquired before or after January 19, 2025. Each question hands you one of these and expects you to let it decide, which is exactly how the real exam separates candidates who memorised a rule list from candidates who understand what the rules are for. One hundred questions in 170 minutes, 80% to pass, so read every scenario twice before answering. Because each option is explained on its own, when you pick the defensible but wrong answer you see precisely which condition you read past.
Under the Hood: Thresholds, Forms and Computations
100 questions · 160 minutes · pass mark 80%
Numbers, forms and order of operations. Which dollar threshold applies, which schedule reports it, when the return is due, which deposit rule the payroll falls under, and which computation comes first. Many questions here require you to actually work something out: outside basis step by step, the dividends received deduction with its taxable income limitation, the section 179 phase-out and carryover, the 40% mid-quarter test, a gross profit percentage, the trust fund recovery amount, the 2025 Form 1041 brackets. Every wrong number in the options is the result of a specific, plausible mistake, and the feedback tells you which mistake produces it. One hundred questions in 160 minutes, 80% to pass. Work through the explanations even on the questions you get right, because the arithmetic is the point.
Exam Day: Full-Length Simulation
100 questions · 210 minutes · pass mark 85%
A full rehearsal, at exam length and exam pace. One hundred questions in 210 minutes, which is the real Part 2 time limit, with the domains mixed rather than grouped, the longest fact patterns in the series, and several constraints in a single question. One stem may run you from partner basis through the at-risk rules to the passive loss rules and on to the excess business loss limit, without telling you that is what it is doing. Nothing is signposted and nothing is held back. The pass mark here is 85%, higher than the other four tests and higher than the real exam's bar, and that is deliberate: this is your readiness gate, not a participation prize. Clear 85 out of 100 inside the time and you have real margin for exam day. Whatever your score, the per-option feedback and the linked IRS publications tell you exactly where to spend your remaining study hours.
Exam Day II: The Second Sitting
100 questions · 210 minutes · pass mark 85%
A second full rehearsal, at the same weight and the same pace as the first. One hundred fresh questions in 210 minutes, the real Part 2 time limit, with the domains mixed rather than grouped and several constraints riding on a single fact pattern. Nothing repeats a question you have already seen: the fact patterns are new and so are the rules they turn on, from disguised sales and minimum gain to QSST and ESBT shareholders, constructive dividends, the section 481(a) adjustment in both directions, and the grouping election on a rental. Take this one a few days after the first simulation, in a single uninterrupted sitting, once you have worked through the explanations on everything you missed. Two passes at exam length tell you far more than one. The booking your appointment stops being a gamble.
What you will practice
- Sit six 100-question practice exams weighted like the official Part 2: business entities, business tax preparation, specialized returns.
- Apply 2025 business tax law with confidence, including 100% bonus depreciation, section 179 at $2,500,000, section 174A and EBITDA-based section 163(j).
- Tell apart the rules that are most often confused: current and liquidating distributions, AAA ordering, recourse and nonrecourse debt, Form 4835 and Schedule F.
- Read a per-option explanation for every answer, so you learn why the tempting wrong answer is wrong rather than only which letter was right.
- Identify your weakest domain from the score breakdown after every attempt and revise where the gap actually is.
- Build exam stamina with two full simulations at the real length, the real time limit and a higher pass mark than the exam itself.
Exam domains covered
Who is this for
Candidates preparing for Part 2 of the IRS Special Enrollment Examination, the business part of the enrolled agent exam. That includes tax preparers and bookkeepers moving from individual returns into business returns, accounting and finance students building a credential before they have public accounting experience, career changers entering tax practice, CPAs and attorneys who want the enrolled agent designation for representation work, and staff at tax firms whose employer expects the credential.
It is also for anyone who studied from older material. Two things changed under this candidate's feet. PSI Services replaced Prometric as the exam administrator on March 1, 2026, and with it the score scale: the exam is now reported from 200 to 800 with a passing score of 500, not the old 40 to 130 scale with 105 to pass. More importantly, the tax law moved. The current window examines the Internal Revenue Code as amended through December 31, 2025, which means the One Big Beautiful Bill Act is fully in scope. Bonus depreciation is back at 100% for property acquired after January 19, 2025. Section 179 is $2,500,000, not $1,250,000. Domestic research costs are expensed again under section 174A. Section 163(j) adjusted taxable income is EBITDA-based once more. The Form 1099-K threshold went back to $20,000 and 200 transactions. A question bank written a year ago will drill you on figures the current exam treats as wrong answers.
What this is: 600 questions with a written explanation for every single answer option and a link to the IRS publication or form instruction behind it. What it is not: a course that teaches the syllabus from scratch, a guarantee of a pass, and not a copy of live exam questions, which no honest seller has.
Requirements
- No prior enrolled agent study is required to start test 1, but you should have worked through a Part 2 syllabus or a business tax course before attempting tests 3 to 5.
- A working knowledge of U.S. federal business tax concepts: what a partnership, an S corporation and a C corporation are, and how a Schedule K-1 reaches an owner's return.
- These are practice exams with detailed explanations. They are designed to sit alongside a full course or review book and the free IRS publications, not to replace them.
Free exam guide
Not sure what to expect? Read how the exam is built, what it covers and how to prepare.