Back to Finance, Business & Professional

CPA REG - Taxation and Regulation Cheat Sheet

17 practice tests · 544 questions

Pick an answer to see if it was correct and why, then continue.

Test 1
Circular 230: Practice Before the IRS, Tax Return Preparer Rules and Penalties, Licensing and State Boards of Accountancy
40 questions
Test 2
Audits, Appeals and the Judicial Process, Substantiation and Disclosure of Tax Positions, Taxpayer Penalties
28 questions
Test 3
Authoritative Hierarchy of Tax Law Sources, CPA Common Law Duties and Liabilities, Privileged Communications and Confidentiality
28 questions
Test 4
Agency: Authority of Agents and Principals, Agency: Duties and Liabilities of Agents and Principals, Contract Formation
37 questions
Test 5
Contract Performance and Discharge, Contract Breach and Remedies, Debtor-Creditor Relationships and Secured Transactions
40 questions
Test 6
Bankruptcy: Types, Discharge and Property Distribution, Employment Taxes (FICA, FUTA, Self-Employment), Worker Classification: Employee vs Independent Contractor
33 questions
Test 7
Affordable Care Act: Mandates and Premium Tax Credit, Foreign Corrupt Practices Act (Anti-Bribery), Business Entity Selection and Formation
29 questions
Test 8
Rights, Duties and Authority of Owners and Management, Cost Basis of Purchased and Converted Business Assets, Basis of Gifted and Inherited Property
32 questions
Test 9
Basis of Intangible Assets (Organization, Start-up, Loan Costs), MACRS Depreciation, Section 179 and Bonus Depreciation
30 questions
Test 10
Amortization of Intangibles (Section 197), Gross Income: Inclusions, Gross Income: Exclusions
34 questions
Test 11
Capital Gains and Holding Period Classification, Decedent Final Return and Income in Respect of a Decedent, Pass-Through Income Reporting for Individuals
24 questions
Test 12
Adjustments to Income (Above-the-Line Deductions), Itemized Deductions and the Standard Deduction, Qualified Business Income (QBI) Deduction
36 questions
Test 13
Capital Loss Limitations and Carryforwards, Basis, At-Risk and Passive Activity Loss Limits, Disallowed Losses: Hobby, Wash Sale and Personal-Use Assets
25 questions
Test 14
Filing Status and Dependents, Refundable and Nonrefundable Tax Credits, Estimated Tax Safe Harbor and Net Investment Income Tax
32 questions
Test 15
Book-Tax Differences: Schedule M-1 and M-3, C Corporation: Taxable Income, NOL and Allowable Credits, State and Local Tax: Nexus and Apportionment
34 questions
Test 16
S Corporation Eligibility and Election, S Corporation Income, Separately Stated Items and AAA, S Corporation Shareholder Stock and Debt Basis
30 questions
Test 17 · Final
Partnership Income and Separately Stated Items, Partner's Basis in Partnership Interest, LLC Tax Classification, Tax-Exempt Organizations
32 questions
+150 XP

Circular 230: Practice Before the IRS, Tax Return Preparer Rules and Penalties, Licensing and State Boards of Accountancy

Audits, Appeals and the Judicial Process, Substantiation and Disclosure of Tax Positions, Taxpayer Penalties

Authoritative Hierarchy of Tax Law Sources, CPA Common Law Duties and Liabilities, Privileged Communications and Confidentiality

Agency: Authority of Agents and Principals, Agency: Duties and Liabilities of Agents and Principals, Contract Formation

Contract Performance and Discharge, Contract Breach and Remedies, Debtor-Creditor Relationships and Secured Transactions

Bankruptcy: Types, Discharge and Property Distribution, Employment Taxes (FICA, FUTA, Self-Employment), Worker Classification: Employee vs Independent Contractor

Affordable Care Act: Mandates and Premium Tax Credit, Foreign Corrupt Practices Act (Anti-Bribery), Business Entity Selection and Formation

Rights, Duties and Authority of Owners and Management, Cost Basis of Purchased and Converted Business Assets, Basis of Gifted and Inherited Property

Basis of Intangible Assets (Organization, Start-up, Loan Costs), MACRS Depreciation, Section 179 and Bonus Depreciation

Amortization of Intangibles (Section 197), Gross Income: Inclusions, Gross Income: Exclusions

Capital Gains and Holding Period Classification, Decedent Final Return and Income in Respect of a Decedent, Pass-Through Income Reporting for Individuals

Adjustments to Income (Above-the-Line Deductions), Itemized Deductions and the Standard Deduction, Qualified Business Income (QBI) Deduction

Capital Loss Limitations and Carryforwards, Basis, At-Risk and Passive Activity Loss Limits, Disallowed Losses: Hobby, Wash Sale and Personal-Use Assets

Filing Status and Dependents, Refundable and Nonrefundable Tax Credits, Estimated Tax Safe Harbor and Net Investment Income Tax

Book-Tax Differences: Schedule M-1 and M-3, C Corporation: Taxable Income, NOL and Allowable Credits, State and Local Tax: Nexus and Apportionment

S Corporation Eligibility and Election, S Corporation Income, Separately Stated Items and AAA, S Corporation Shareholder Stock and Debt Basis

Partnership Income and Separately Stated Items, Partner's Basis in Partnership Interest, LLC Tax Classification, Tax-Exempt Organizations

Circular 230: Practice Before the IRS, Tax Return Preparer Rules and Penalties, Licensing and State Boards of Accountancy

Audits, Appeals and the Judicial Process, Substantiation and Disclosure of Tax Positions, Taxpayer Penalties

Authoritative Hierarchy of Tax Law Sources, CPA Common Law Duties and Liabilities, Privileged Communications and Confidentiality

Agency: Authority of Agents and Principals, Agency: Duties and Liabilities of Agents and Principals, Contract Formation

Contract Performance and Discharge, Contract Breach and Remedies, Debtor-Creditor Relationships and Secured Transactions

Bankruptcy: Types, Discharge and Property Distribution, Employment Taxes (FICA, FUTA, Self-Employment), Worker Classification: Employee vs Independent Contractor

Affordable Care Act: Mandates and Premium Tax Credit, Foreign Corrupt Practices Act (Anti-Bribery), Business Entity Selection and Formation

Rights, Duties and Authority of Owners and Management, Cost Basis of Purchased and Converted Business Assets, Basis of Gifted and Inherited Property

Basis of Intangible Assets (Organization, Start-up, Loan Costs), MACRS Depreciation, Section 179 and Bonus Depreciation

Amortization of Intangibles (Section 197), Gross Income: Inclusions, Gross Income: Exclusions

Capital Gains and Holding Period Classification, Decedent Final Return and Income in Respect of a Decedent, Pass-Through Income Reporting for Individuals

Adjustments to Income (Above-the-Line Deductions), Itemized Deductions and the Standard Deduction, Qualified Business Income (QBI) Deduction

Capital Loss Limitations and Carryforwards, Basis, At-Risk and Passive Activity Loss Limits, Disallowed Losses: Hobby, Wash Sale and Personal-Use Assets

Filing Status and Dependents, Refundable and Nonrefundable Tax Credits, Estimated Tax Safe Harbor and Net Investment Income Tax

Book-Tax Differences: Schedule M-1 and M-3, C Corporation: Taxable Income, NOL and Allowable Credits, State and Local Tax: Nexus and Apportionment

S Corporation Eligibility and Election, S Corporation Income, Separately Stated Items and AAA, S Corporation Shareholder Stock and Debt Basis

Partnership Income and Separately Stated Items, Partner's Basis in Partnership Interest, LLC Tax Classification, Tax-Exempt Organizations