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AICPA CPA-Regulation Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% | - Treasury Department Circular 230 - Tax preparer penalties and due diligence - Ethics and responsibilities in tax practice - Privileged communications and disclosure rules - Federal tax audit and appeal procedures |
| Federal Taxation of Property Transactions | 12-22% | - Recognition of gains and losses - Cost recovery: depreciation, amortization, depletion - Capital vs ordinary asset classification - Like-kind exchanges and involuntary conversions - Asset basis and holding periods |
| Federal Taxation of Entities | 23-33% | - Gift, estate, and trust taxation - Tax-exempt organizations - Partnerships and LLCs - Book-tax differences - C corporations and S corporations |
| Business Law | 15-25% | - Business structure legal characteristics - Debtor-creditor relationships and bankruptcy - Contract formation and performance - Agency relationships and authority - Employment and federal business regulations - Uniform Commercial Code (UCC) articles |
| Federal Taxation of Individuals | 22-32% | - Filing status and dependency rules - Tax credits and alternative minimum tax - Loss limitations and carryovers - Gross income inclusions and exclusions - Adjustments, deductions, and exemptions |
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