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Taxation and Regulation (REG)
5 sections available · 23 chapters available
Free Taxation and Regulation (REG) study notes for US CPA students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Area I. Ethics, Professional Responsibilities and Federal Tax Procedures
Ethics and responsibilities in tax practice
Licensing and disciplinary systems
Federal tax procedures
Legal duties and responsibilities
Area II. Business Law
Agency
Contracts
Debtor-creditor relationships
Federal laws and regulations (employment tax, qualified health plans, bankruptcy, worker classifications and anti-bribery)
Business structure
Area III. Federal Taxation of Property Transactions
Basis of assets
Cost recovery (depreciation and amortization)
Area IV. Federal Taxation of Individuals
Gross income (inclusions and exclusions)
Reporting of items from pass-through entities
Adjustments and deductions to arrive at adjusted gross income and taxable income
Loss limitations
Filing status
Computation of tax and credits
Area V. Federal Taxation of Entities (including tax preparation)
Differences between book and tax income (loss)
C corporations
S corporations
Partnerships
Limited liability companies
Tax-exempt organizations
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