Put These Notes into Practice
Reading the notes is a great start. Now practise with unlimited AI-generated questions and get instant feedback. 100,000+ students are already improving their grades.
Tax Compliance and Planning (TCP)
4 sections available · 16 chapters available
Free Tax Compliance and Planning (TCP) study notes for US CPA students. Each chapter below covers a key topic with worked examples and practice prompts you can take into the thinka app.
Area I. Tax Compliance and Planning for Individuals and Personal Financial Planning
Individual compliance and tax planning considerations for gross income, adjusted gross income, taxable income and estimated taxes
Compliance for passive activity and at-risk loss limitations (excluding tax credit implications)
Gift taxation compliance and planning
Personal financial planning for individuals
Area II. Entity Tax Compliance
C corporations
S corporations
Partnerships
Trusts
Tax-exempt organizations
Area III. Entity Tax Planning
Formation and liquidation of business entities
Tax planning for C corporations
Tax planning for S corporations
Tax planning for partnerships
Area IV. Property Transactions (disposition of assets)
Nontaxable disposition of assets
Amount and character of gains and losses on asset disposition and netting process
Related party transactions, including imputed interest
Done reading? Test yourself with AI practice questions
Practise This Topic Now