REG CPA Revision
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The REG CPA section focuses on U.S. federal taxation, business law, and ethics, covering individual/entity taxation (55-65%), property transactions (5-15%), business law (15-25%), and ethics/tax procedures (10-20%).

Key concepts include basis calculations, corporate/partnership taxation, contract law, and Circular 230.

It heavily tests routine tax compliance for newly licensed CPAs.

REG CPA Revision
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25 Questions

1. Kiddie Tax

2. Potential failures to comply

3. Issue resolved

4. Means test

5. Scope of employment

6. Account (agent's duty)

7. Liability in General Partnership

8. Management in GP/JV

9. Agreement

10. Documentation & Affidavits

11. Medicare contributions

12. Power over fraudulent transfer

13. Calculate Credit

14. Self-employed contributions

15. More Likely Than Not

16. Dividend Income

17. Irrevocable Offer

18. Depreciation

19. Bona Fide Residence Test

20. Cash app

21. Seller's remedies

22. Family members as shareholders

23. Alternate valuation date

24. Roth IRA contribution limit

25. S-Corp election timing for existing non-calendar year corporations