Free IRS Enrolled Agent SEE Part 1 (Individuals) Specialized Returns for Individuals Practice Questions
Specialized Returns for Individuals on the IRS SEE Part 1 covers estate tax under §2010 (basic exclusion, DSUE portability via §2010(c)(4), Form 706), gift tax (annual exclusion, lifetime exemption, Form 709), and international information reporting (FBAR / Form 8938 / Form 3520 thresholds).
156 questions44 easy62 medium50 hard2026 syllabus
Sample Questions
Question 1
Easy
The period covered by a single FinCEN Form 114 (FBAR) is:
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Correct Answer: D
Solution
Reports of foreign financial accounts are required for each calendar year in which the reporting threshold is met (31 CFR §1010.306(a)(1)). The FBAR is a Bank Secrecy Act report rather than a tax return, so it is not tied to the filer's tax year; a filer whose income tax return covers a fiscal year still reports account values for the January through December period.
Question 2
Medium
All of the following accounts held by a U.S. person during 2025 are reportable on the FBAR EXCEPT:
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Correct Answer: A
Solution
Whether an account is foreign for FBAR purposes depends on where the account is maintained, not on where the institution is chartered (31 CFR §1010.350(c)). An account maintained at a branch physically located in the United States is not a foreign financial account, even though the parent institution is organized abroad. The mirror image is also true: an account at an overseas branch of a domestic bank is maintained outside the United States and is reportable.
Question 3
Hard
A bequest of cash to a qualified U.S. public charity is claimed as a federal estate tax deduction on which schedule of Form 706?
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Correct Answer: A
Solution
Schedule O of Form 706 (Charitable, Public, and Similar Gifts and Bequests) is used to compute the IRC §2055 charitable deduction (Form 706 instructions, Schedule O).
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