CPA Exam - REG (Regulation)

This session focuses on the taxation of sole proprietorships. We will walk through the process of reporting business income and claiming ordinary and necessary business expenses on Schedule C, including startup costs and depreciation.

Understand the unique tax rules applicable to C-Corporations. This audio lesson covers the preparation of Form 1120, calculation of corporate taxable income, and the implications of corporate tax rates and dividends-received deductions.

Explore the world of pass-through entities, including S-Corporations and Partnerships. This track explains how income, deductions, and credits flow through to the owners' individual tax returns and highlights the key differences in their tax treatment.

This session covers the ethical and professional responsibilities of tax practitioners as outlined in Circular 230. We will discuss the duties and restrictions relating to practice before the IRS, including standards for tax advice and potential penalties for misconduct.

Learn how to navigate an IRS audit and the subsequent appeals process. This track details the types of audits, taxpayer rights during an examination, and the steps involved in appealing an IRS decision to the administrative level or to tax court.

This session provides a foundational understanding of contract and agency law, critical for the REG exam. We will cover the elements of a legally binding contract, remedies for breach, and the creation and termination of an agency relationship.

Delve into the legal framework governing debtor-creditor relationships. This track explains the different chapters of bankruptcy under the U.S. Bankruptcy Code and the principles of secured transactions under the Uniform Commercial Code (UCC).