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REG Section Blueprint (effective July 1, 2019) CPA Exam Study Materials - aicpa

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AICPA CPA-Regulation Exam Syllabus Topics:

SectionWeightObjectives
Ethics, Professional Responsibilities, and Federal Tax Procedures10-20%- Privileged communications and disclosure rules
- Federal tax audit and appeal procedures
- Ethics and responsibilities in tax practice
- Treasury Department Circular 230
- Tax preparer penalties and due diligence
Business Law15-25%- Agency relationships and authority
- Business structure legal characteristics
- Contract formation and performance
- Employment and federal business regulations
- Uniform Commercial Code (UCC) articles
- Debtor-creditor relationships and bankruptcy
Federal Taxation of Individuals22-32%- Filing status and dependency rules
- Loss limitations and carryovers
- Tax credits and alternative minimum tax
- Gross income inclusions and exclusions
- Adjustments, deductions, and exemptions
Federal Taxation of Property Transactions12-22%- Recognition of gains and losses
- Capital vs ordinary asset classification
- Asset basis and holding periods
- Like-kind exchanges and involuntary conversions
- Cost recovery: depreciation, amortization, depletion
Federal Taxation of Entities23-33%- Gift, estate, and trust taxation
- Tax-exempt organizations
- C corporations and S corporations
- Book-tax differences
- Partnerships and LLCs

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