CPA REG - Taxation and Regulation
Learn the federal tax and business law that CPAs apply in practice.
Learning Objectives
5 objectivesApply ethics, professional responsibilities and federal tax procedures.
Apply business law, including agency, contracts, debtor-creditor relationships and business structure.
Determine the basis of assets and cost recovery in property transactions.
Compute federal tax for individuals, from gross income to tax and credits.
Apply federal tax rules to entities
C and S corporations, partnerships, LLCs and tax-exempt organisations.
Programme Outline
5 topicsEthics, professional responsibilities and federal tax procedures
Professional conduct in tax practice, licensing and discipline, and federal tax procedures.
Business law
The legal relationships and structures that businesses operate through.
Federal taxation of property transactions
Working out what an asset cost for tax purposes, and recovering that cost over time.
Federal taxation of individuals
From gross income through adjustments and deductions to the tax due and credits.
Federal taxation of entities
How book and tax income differ, and the rules for each type of entity.
Hands-On Resources
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